financial costs

How are Financial Costs Measured?

Financial costs are measured using various methods:
Cost-of-Illness (COI) Studies: These studies estimate the total economic burden of a disease by summing direct, indirect, and intangible costs.
Cost-Benefit Analysis (CBA): This method compares the costs of an intervention with the benefits, often expressed in monetary terms, to evaluate its economic efficiency.
Cost-Effectiveness Analysis (CEA): CEA compares the relative costs and outcomes of different interventions, often using metrics like Quality-Adjusted Life Years (QALYs) or Disability-Adjusted Life Years (DALYs).

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