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incremental cost-effectiveness ratio

— The difference in cost of two treatments being compared in a study in relation to the difference in their effects



Full explanation:

The incremental cost-effectiveness ratio (ICER) is a measure of the efficiency of a treatment or “value for money”. It is the difference in cost between the treatment and the comparison divided by the difference in the effects; for example, the cost per stroke prevented or life saved. It is frequently expressed as the cost per quality-adjusted life year (QALY) gained.

See also:

cost  ·  cost-effectiveness  ·  efficiency  ·  resource use  ·  

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