THE ESSENCE PROJECT

ESSENCE TERMS

Incremental cost-effectiveness ratio (ICER)

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

The difference in the change in mean costs in the population of interest divided by the difference in the change in mean outcomes in the population of interest. It provides the ‘extra cost per extra unit of outcome’, which can be compared to other interventions.

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