Measurement of costs and consequences in economic evaluation
| Type of economic evaluation | Consideration of costs? | Consideration of conseqences?† | Valuation of consequences? |
|---|---|---|---|
| Cost analysis: burden of illness, budget impact* | Yes | No | None |
| Cost-effectiveness analysis | Yes | Yes | Natural units, for example, life-years |
| Cost–utility analysis | Yes | Yes | Healthy years, for example, quality-adjusted life-years |
| Cost–benefit analysis | Yes | Yes | Monetary units |
*Partial economic evaluation.
†Consequences include valuation of health outcomes, either expressed in utilities or in monetary terms.
Adapted from Drummond et al. 4