Economic Evaluation in Health

Economic evaluation in health examines the costs and benefits of different healthcare interventions to determine their value. It helps decision-makers understand how to allocate limited resources effectively, comparing things like new treatments, prevention programs, or health policies. By analyzing factors such as costs, effectiveness, and quality of life, economic evaluation aids in prioritizing healthcare options that provide the best outcomes for patients and society. Ultimately, it aims to ensure that healthcare investments lead to the greatest health benefits relative to their costs.