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FEATURE ARTICLE Continuing Education Cost-Effectiveness Analysis of a Worksite Clinic Is It Worth the Cost by David H. This approach also allows for comparisons of marginal and average costs of given outcomes. In some cases a cost-effectiveness approach may indicate the lowest cost alternative for a procedure that may have little or no net bene t on a bene t cost calculation. In simple terms a cost-effective intervention is one that achieves a de...
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Cost effectiveness analysis is a method used to compare the costs and outcomes of different interventions or programs in order to determine which one provides the best value for money.
The organization or agency conducting the intervention or program is typically responsible for conducting and filing the cost effectiveness analysis.
Filling out a cost effectiveness analysis involves gathering data on the costs and outcomes of the intervention or program, calculating cost-effectiveness ratios, and evaluating the results. A specific template or format may be provided by the governing body or funding organization.
The purpose of cost effectiveness analysis is to inform decision-making by identifying the most efficient and cost-effective interventions or programs, allowing for better allocation of resources and improved outcomes.
Cost effectiveness analysis typically requires reporting on the costs of the intervention or program, the outcomes achieved, and the calculated cost-effectiveness ratios. Additional information may be required depending on the specific requirements or guidelines provided.
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