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Review
. 2024 Apr;41(2):313-321.
doi: 10.1016/j.cpm.2023.07.006. Epub 2023 Aug 20.

A Primer on Cost-Effectiveness Analysis

Rachel H Albright  1 , Adam E Fleischer  2
Affiliations
Review

A Primer on Cost-Effectiveness Analysis

Rachel H Albright et al. Clin Podiatr Med Surg. 2024 Apr.

Abstract

A cost-effectiveness analysis (CEA) is a type of health economics model that uses a systematic approach to simplify the complexities that exist in health-care decision-making. A CEA aids in medical decision-making by considering both the costs of a treatment and how effective that treatment is for at least 2 competing strategies. This article reviews major concepts of CEA including results interpretation, key attributes of CEA that make it differ from cost analysis, uncertainty surrounding analysis, and how/why CEA is an important contributor to the medical literature.

Keywords: Cost analysis; Cost-effectiveness analysis; Health economics.

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