Definitions for "Cost-Utility Analysis"
An evaluation of the relationship between program costs and outcomes usually measured in quality-adjusted life years (QALY). Can be used to compare interventions with different outcomes.
converts effects into personal preferences (or utilities) and describes how much it costs for some additional quality gain (e.g. cost per additional quality-adjusted life-year, or QALY).
a form of cost-effectiveness analysis of alternative interventions in which costs are measured in monetary units and outcomes are measured in terms of their utility, usually to the patient, e.g., using QALYs.