Economic evaluation studies the costs and outcomes of two or more alternative activities
to estimate the relative efficiency of each course of action. Economic evaluation
is both important and necessary in the management of speech and language issues. Economic
evaluation can help focus attention on interventions that provide value for improving
population health. The purpose of this article is to introduce readers to fundamental
economic concepts. Readers are also introduced to common issues when conducting economic
evaluations and how to address them in practice.
Keywords
cost - cost-effectiveness - economic evaluation - health economics