economic evaluation frameworks

Economic evaluation frameworks are methods used to compare the costs and benefits of different health interventions or programs. They help determine which options provide the best value for resources spent by analyzing factors like costs involved and health outcomes achieved. Common types include cost-effectiveness analysis (comparing cost per health benefit), cost-utility analysis (considering quality of life), and cost-benefit analysis (measuring all outcomes in monetary terms). These frameworks enable decision-makers to allocate resources efficiently, ensuring that healthcare investments deliver maximum health benefits relative to their costs.