Comparing the health benefits and costs of the options ‘on the table’
Decision-makers in the NHS, from individual providers to PCNs, STPs and ICSs need to make the most efficient use of their resources. To do this, you need to understand the relative costs and benefits of current and potential care pathways, interventions, technologies, and products.
An economics evaluation is a decision modelling framework which informs your decision-making by quantifying the expected health benefits and costs related to alternative options. Models which can be used include:
- Budget impact model
- Cost benefit models
- Cost effectiveness models
- Cost utility models
We also support alternatives to the traditional cost effectiveness analysis (CEA) which are appropriate for local decision-making on resource allocation, for example through socio-technical allocation of resources (STAR) analysis.
Learn about our demand and capacity modelling service.