Discuss cost effectiveness analysis

Reference no: EM133537906

Assignment: Healthcare Resources

Length: 5 pages.

Healthcare resources are scarce, and policy makers and health planners make choices between alternative uses of resources. Economic evaluation is important when allocating scarce resources. Cost-benefit analysis, cost effectiveness analysis, and cost utility analysis are decision-making tools that help policy makers and planners examine healthcare costs and the consequences of alternative health programs, services, and interventions.

Prepare at least a 5 pages overview of cost effectiveness analysis and cost-benefit analysis as decision making tools in the allocation of health resources. Address the following:

Question 1. Define economic evaluation, and explain why it is important in healthcare.

Question 2. Discuss cost effectiveness analysis.

Question 3. Discuss cost-benefit analysis.

Question 4. Share your views on the application of the two approaches in resource allocation.

Reference no: EM133537906

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