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Economic analysis: A basic primer

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Author(s): Doig G

Journal: Indian Journal of Critical Care Medicine
ISSN 0972-5229

Volume: 7;
Issue: 1;
Start page: 21;
Date: 2003;
Original page

ABSTRACT
Medical knowledge is advancing at an incredible rate. This rapid increase in the fundamental understanding of disease states has led to some important breakthroughs in care over the past ten years and will undoubtedly lead to untold more. At the same time that we are being presented with more options for diagnosis and treatment, governments around the world are fighting to reduce deficit spending and inflation. As a direct result of this combination of reduced spending and increased options for care, medical professionals are being asked to provide more effective care more efficiently. The randomized control trial may be the best way to determine the effectiveness of different options, however, only a full economic analysis can help decide which option is more efficient. This paper is intended to provide the reader with a basic understanding of the methods used to perform a full economic analysis.

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