Cost-utility analysis

A study similar to a cost‐effectiveness analysis. The costs are measured in units of money and the benefits are stated in a value that reflects patient preferences (known as utilities), such as a quality‐adjusted life year. HTAI

Cost effectiveness analysis

This analysis compares two or more drugs, devices, tests, or procedures to find out which provides more outcomes for the cost of treatment or which has the lowest cost for a given outcome. This means that the outcomes of all treatments being compared must be measured...

Comparator

The medicine or treatment currently being used which the new medicine or treatment is being compared to in an assessment. If the new medicine or treatment is recommended for the PBS the comparator will usually be replaced by the new treatment.

Clinically significant

A benefit from treatment that relates to an important outcome, such as length of life, and is large enough to have practical importance to patients and health professionals. Effects that are identified as statistically significant are not always clinically...

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