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A Primer on Cost-Effectiveness Analysis
Rachel H Albright1, Adam E Fleischer2
1Depatment of Surgery, Podiatry, Foot & Ankle Surgery, Stamford Health Medical Group, 800 Post Road, Suite 302, Darien, CT 06820, USA.
Abstract:
A cost-effectiveness analysis (CEA) is a type of health economics model that uses a systematic approach to simplify the complexities that exist in health-care decision-making. A CEA aids in medical decision-making by considering both the costs of a treatment and how effective that treatment is for at least 2 competing strategies. This article reviews major concepts of CEA including results interpretation, key attributes of CEA that make it differ from cost analysis, uncertainty surrounding analysis, and how/why CEA is an important contributor to the medical literature.
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