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What is Cost Effectiveness of Medical Care

Chapter 107
Encyclopedia of Business Analytics and Optimization
The net benefit (or loss) resulting from medical intervention on a societal level computed as a ratio of the costs (computed in standard monetary units such as $US) divided by the (estimated or known) benefits expressed in standard monetary units.
Published in Chapter:
Improving Medical Diagnosis: A Sociological Perspective
Robert Leslie Fisher (Independent Scholar, USA) and Joel L. Fisher (Independent Scholar, USA)
Copyright: © 2014 |Pages: 11
DOI: 10.4018/978-1-4666-5202-6.ch107
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