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Cost-Identification Analysis

Cost-identification analysis is the assignment of a value to healthcare use. The costs of healthcare encounters, treatment episodes, or healthcare interventions are found to consider the economic impact of medical decisions. Cost identification is part of budget impact analysis, cost-minimization analysis, cost-comparison analysis, cost-consequences analysis, cost-effectiveness analysis, cost-utility analysis, and cost-benefit analysis.

Cost-identification analysis is affected by the choice of analytic perspective and time horizon. This choice depends on the type of application and its intended audience. Cost-identification analysis is also affected by simplifying assumptions that may sacrifice comprehensiveness or precision to save research expense.

Standardized Methods

Medical decision models are commonly used to assess the cost-effectiveness of new healthcare interventions. Guidelines for cost-effectiveness analysis (CEA) have been developed so that the cost-effectiveness ratios of different interventions conducted ...

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