Solved: What is Health Economics?

Economic Evaluations

The purpose of this assignment is to describe the importance of evaluations in health economics.

Write a 750-1,000 word paper that includes the following:

Describe the importance of evaluations in health economics

Compare and contrast the four types of economic analysis as they relate to health economics.

Discuss how economic evaluations and health policy are related. Provide recent examples.

Discuss the role of technology in economic evaluations.

Include an introduction and conclusion in your paper, and incorporate at least three peer-reviewed scholarly resources.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is required.

Expert Partial Solution 

Describe the importance of evaluations in health economics

Evaluations in health economics are used as tools for comparing the consequences and costs of different interventions. In particular, they are used to determine interventions that are suitable to provide and those that are not. Furthermore, economic evaluations provide decision-makers with “value-for-money” information about the allocation of limited healthcare resources. Hoomans & Severens, (2014) state that economic evaluations can inform decisions about the efficiency and allocation of resources to implementation strategies—strategies specifically intended to inform caregivers and patients about the best available research evidence and to enhance its use in their practices…Read more

References 

Hoomans, T., Severens, J.L. (2014). Economic evaluation of implementation strategies in health care. Implementation Sci 9, 168. https://doi.org/10.1186/s13012-014-0168-y

Greco, G., Lorgelly, P., & Yamabhai, I. (2016). Outcomes in economic evaluations of public health interventions in low‐and middle‐income countries: health, capabilities and subjective wellbeing. Health economics, 25, 83-94.

Hope, S. F., Webster, J., Trieu, K., Pillay, A., Ieremia, M., Bell, C., … & Moodie, M. (2017). A systematic review of economic evaluations of population-based sodium reduction interventions. PLoS One, 12(3), e0173600.

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Solved: What is Health Economics?