Chapter 4. Understanding Concepts Related to Health Economics

  1. Salim Yusuf DPhil, FRCPC, FRSC Research Chair Professor of Medicine Director Vice President Research2,3,4,
  2. John A Cairns MD, FRCPC Professor of Medicine Former Dean5,
  3. A John Camm MD British Heart Foundation Professor Head of Cardiac6,
  4. Ernest L Fallen MD, FRCPC Professor Emeritus7 and
  5. Bernard J Gersh MB, ChB, DPhil Consultant Professor of Medicine8
  1. Mark A Hlatky MD Professor

Published Online: 21 MAY 2010

DOI: 10.1002/9781444309768.ch4

Evidence-Based Cardiology, Third Edition

Evidence-Based Cardiology, Third Edition

How to Cite

Hlatky, M. A. (2009) Understanding Concepts Related to Health Economics, in Evidence-Based Cardiology, Third Edition (eds S. Yusuf, J. A. Cairns, A. J. Camm, E. L. Fallen and B. J. Gersh), Wiley-Blackwell, Oxford, UK. doi: 10.1002/9781444309768.ch4

Editor Information

  1. 2

    McMaster University, Canada

  2. 3

    Population Health Research Institute, McMaster University, Hamilton Health Sciences, Canada

  3. 4

    Hamilton Health Sciences, Hamilton, Ontario, Canada

  4. 5

    Faculty of Medicine, University of British Columbia, Vancouver, BC, Canada

  5. 6

    St George's University of London, London, UK

  6. 7

    McMaster University Faculty of Health Sciences, Hamilton, Ontario, Canada

  7. 8

    Mayo Clinic College of Medicine, Rochester, MN, USA

Author Information

  1. Stanford University School of Medicine, Stanford, CA, USA

Publication History

  1. Published Online: 21 MAY 2010
  2. Published Print: 13 NOV 2009

ISBN Information

Print ISBN: 9781405159258

Online ISBN: 9781444309768



  • understanding concepts - health economics;
  • coronary bypass surgery - resource intensive;
  • requisites for performing coronary angiogram;
  • third method estimating costs - detail resources providing service;
  • cost estimation - enhancing clinical decision making;
  • cost-effectiveness analysis - alternative analytic method;
  • cost-effectiveness analysis - assessing specific therapies or therapeutic strategies


This chapter contains sections titled:

  • Introduction

  • General concepts

  • Determination of costs

  • Estimation of costs

  • International perspectives

  • Cost-effectiveness analysis

  • Measuring effectiveness

  • Calculation of cost effectiveness

  • Patients election and cost effectiveness

  • Diagnostic tests and cost effectiveness

  • Conclusion

  • References