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Opportunity costs, marginal productivity, and cost-effectiveness thresholds: providing useful analysis and communicating results

In our first post, we explained opportunity cost, marginal productivity (of a healthcare system), net benefit, and cost-effectiveness threshold. In this post, we put forward our views on how to use cost-effectiveness thresholds and the existing estimates of marginal productivity… Read More »Opportunity costs, marginal productivity, and cost-effectiveness thresholds: providing useful analysis and communicating results

How to explain cost-effectiveness models for diagnostic tests to a lay audience

Non-health economists (henceforth referred to as ‘lay stakeholders’) are often asked to use the outputs of cost-effectiveness models to inform decisions, but they can find them difficult to understand. Conversely, health economists may have limited experience of explaining cost-effectiveness models… Read More »How to explain cost-effectiveness models for diagnostic tests to a lay audience