Health Economics

In light of rising healthcare costs, there is a renewed emphasis on analyzing diagnostic, therapeutic, and preventive procedures in medicine in terms of their cost-effectiveness- the ratio between the resources used and the related effects. This is done by means of health economic evaluation studies.

Health economic evaluations contribute to evidence-based decision making by helping one to identify, measure, and compare activities with the necessary impact, scalability, and sustainability to optimize resource use and get the best return on investment.

There is a variety of approaches to health economic evaluation analysis, the suitability of any of which depends on the purpose of an assessment.

The main types of economic analysis that we perform include:

  • Cost-minimization analysis
  • Cost-effectiveness analysis
  • Cost-utility analysis
  • Cost-benefit analysis
  • Budget impact analysis