Abstract
The purpose of economic evaluation is to inform decisions as to the relative value of different courses of
action, in a systematic, transparent way. Cost-effectiveness analysis involves assessing the costs and effects of
two or more competing, alternative interventions against other uses if the same resources were used
elsewhere. Applied to the social care context, a commissioner with a constrained budget might use this
information to consider whether to invest public funds in a new intervention, programme or service or
whether standard care represents the optimal choice of provision.
Original language | English |
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Title of host publication | Unit Costs of Health and Social Care 2020 |
Place of Publication | University of Kent at Canterbury |
Publisher | Personal Social Services Research Unit, University of Kent at Canterbury |
Pages | 18-26 |
Number of pages | 9 |
ISBN (Electronic) | 978-1-911353-12-6 |
DOIs | |
Publication status | Published - 2020 |