Health economics in nursing research: what you need to know to include economic evaluation methodology in your research

Norma B Bulamu; Billingsley Kaambwa; Hannah Beks; Vincent L Versace; Robyn A Clark

doi:10.1093/eurjcn/zvad114

Health economics in nursing research: what you need to know to include economic evaluation methodology in your research

Eur J Cardiovasc Nurs. 2024 Jan 12;23(1):99-106. doi: 10.1093/eurjcn/zvad114.

Authors

Norma B Bulamu^{1

2}, Billingsley Kaambwa¹, Hannah Beks³, Vincent L Versace³, Robyn A Clark^{2

4}

Affiliations

¹ Flinders Health and Medical Research Institute, College of Medicine and Public Health, Flinders University, GPO Box 2100, Adelaide, South Australia, Australia.
² Caring Futures Institute, College of Nursing and Health Sciences, Flinders University, GPO Box 2100, Adelaide, South Australia, Australia.
³ Deakin Rural Health, Deakin University, Warrnambool, Victoria, Australia.
⁴ Southern Adelaide Local Health Network, Adelaide, South Australia, Australia.

PMID: 38170820
DOI: 10.1093/eurjcn/zvad114

Abstract

Due to limited resources and constant, ever-changing healthcare challenges, health economics is essential to support healthcare decisions while improving health outcomes. Economic evaluation methodology facilitates informed decision-making related to the efficient allocation of resources while positively impacting clinical practice. In this paper, we provide an overview of economic evaluation methods and a real-world example applying one method of economic evaluation (cost-utility analysis) in nursing research.

Keywords: Cost-benefit analysis; Cost-consequence analysis; Cost-effectiveness analysis; Cost-minimization analysis; Cost-utility analysis; Economic evaluation; Economics; Healthcare quality; Nursing research; Quality-adjusted life years.

Publication types

Review

MeSH terms

Cost-Benefit Analysis
Delivery of Health Care
Economics, Medical*
Humans
Nursing Research*