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The basics of economic evaluation in mental healthcare

  • James Shearer and Sarah Byford

Summary

Economic evaluation involves the comparative analysis of the costs and consequences of alternative (different) treatment options. Economic evaluations provide decision makers with information about the relative value for money, or cost-effectiveness, of various treatment programmes. The relative cost-effectiveness of new interventions is a key consideration in health technology assessments by the UK's National Institute for Health and Care Excellence, and economic evaluations alongside randomised controlled trials are routinely requested by funders such as the National Institute for Health Research. This article outlines some of the key concepts and issues in the economic evaluation of mental healthcare.

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Copyright

Corresponding author

Dr James Shearer, King's Health Economics, King's College London, Box P024, David Goldberg Centre, De Crespigny Park, London SE5 8AF, UK. Email: james.shearer@kcl.ac.uk

Footnotes

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LEARNING OBJECTIVES

• Understand the role of economic evaluation in providing information for decision makers

• Understand how economic evaluations are constructed

• Be able to interpret the results of economic evaluations

Declaration of Interest

None

Footnotes

References

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BJPsych Advances
  • ISSN: 2056-4678
  • EISSN: 2056-4686
  • URL: /core/journals/bjpsych-advances
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The basics of economic evaluation in mental healthcare

  • James Shearer and Sarah Byford
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