Methods for estimation of the NICE cost-effectiveness threshold – Centre for Health Economics, University of York – 19 February 2015
“Cost-effectiveness analysis involves the comparison of the incremental cost-effectiveness ratio of a new technology, which is more costly than existing alternatives, with the cost-effectiveness threshold. This indicates whether or not the health expected to be gained from its use exceeds the health expected to be lost elsewhere as other health-care activities are displaced.”
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