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Cost-effectiveness analysis and incremental cost-effectiveness ratios: uses and pitfalls.

Kiran Bambha1, W Ray Kim

  • 1Division of Gastroenterology and Hepatology, Mayo Clinic and Foundation, Rochester, Minnesota 55905, USA.

European Journal of Gastroenterology & Hepatology
|May 29, 2004
PubMed
Summary

Cost-effectiveness analysis formally compares medical interventions using costs and effectiveness. The incremental cost-effectiveness ratio (ICER) quantifies the additional cost per health benefit gained, aiding resource allocation decisions.

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