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A guide to economic evaluation: Methods for cost‐effectiveness analysis of person‐level data
Author(s) -
Hoch Jeffrey S.,
Smith Mark W.
Publication year - 2006
Publication title -
journal of traumatic stress
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.259
H-Index - 134
eISSN - 1573-6598
pISSN - 0894-9867
DOI - 10.1002/jts.20190
Subject(s) - relevance (law) , economic analysis , cost effectiveness analysis , economic evaluation , health economics , psychology , cost–benefit analysis , cost effectiveness , public health , clinical psychology , public economics , medicine , economics , risk analysis (engineering) , nursing , political science , microeconomics , agricultural economics , law
The authors introduce economic evaluation with particular attention to cost‐effectiveness analysis. They begin by establishing why health care decisions should be guided by economics. They then explore different types of economic evaluations. To illustrate how to conduct and evaluate a cost‐effectiveness analysis, a hypothetical study about the treatment of posttraumatic stress disorder with psychotherapy versus pharmacotherapy is considered. The authors conclude with recommendations for increasing the strength and relevance of economic evaluations.