THE ESSENCE PROJECT

ESSENCE TERMS

Economic Evaluation – Cost saving

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

An intervention is considered cost-saving when the monetary benefits of an intervention are greater than its costs. Monetary savings may not necessarily accrue as cash-releasing savings. For example, there may be savings due to reallocation of resources such as staffing.

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