ESSENCE
ECONOMICS OF SOCIAL CARE COMPENDIUM

ESSENCE TERMS

Economic Evaluation – Cost effective


[SOURCE: Public Health England (2017) Health Economics Evidence Resource.  Public Health England. (The website can be accessed here)]

The ESSENCE project defines an intervention as cost-effective if it is below the NICE cost per quality adjusted life year (QALY)   threshold of £20,000.

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NIHR School for
Social Care Research

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