Health Economics is an important aspect to building a Healthcare Business Case, presenting cost effectiveness and impact of health and care technologies.
Health economics evaluates issues related to the effectiveness, efficiency and value within health and social care.
It informs decision making by prioritising resources to help improve efficiency in the healthcare system to help patients live longer and healthier lives. It is used in evaluations to compare two or more health interventions on the basis of their costs and outcomes. Outputs of health economic evaluations can determine which interventions deliver value for money for the healthcare system and are worth investing in.
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