Compare and contrast cost-benefit analysis, cost-effectiveness analysis, and cost-utility analysis. Define each economic evaluation, describe the unit of measurement for each approach, and provide one quality improvement example for each economic evaluation strategy.
Sources:
Drummond, M. F., Sculpher, M. J., Torrance, G. W., O’Brien, B. J., & Stoddart, G. L. (2005). Methods for the economic evaluation of health care programs.
Oxford University Press; National Library of Medicine. (2016).
Health economics information resources: A self-study course: module 4. An introduction to the principles of critical appraisal of health economic evaluation studies. Author. https://www.nlm.nih.gov/nichsr/edu/healthecon/04_he_04.html (Links to an external site.);
Agency for Healthcare Research and Quality. (2017). Toolkit for using the AHRQ quality indicators. https://www.ahrq.gov/patientsafety/settings/hospital/resource/qitool/index.html (Links to an external site.);
Brousselle, A., Benmarhnia, T., & Benhadj, L. (2016). What are the benefits and risks of using return on investment to defend public health programs?.
Preventive Medicine Reports, 3, 135-138. https://doi.org/10. 1016/j.pmedr.2015.11.015; and
Muennig, P. (2008). Cost-effectiveness analyses in health: A practical approach. Jossey-Bass, a Wiley Imprint.
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