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Definition of "cost-effectiveness" [cost-effectiveness]

  • The characteristic of being cost-effective. (noun)

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Use "cost-effectiveness" in a sentence
  • "The bids overall were falling short of the district's expectations for long-term cost-effectiveness, Rounds said."
  • "The bids overall were falling short of the district’s expectations for long-term cost-effectiveness, Rounds said."
  • "For morbid obesity, incremental cost-effectiveness ratios (ICERs) (base case) ranged between 2000 pounds and 4000 pounds per Quality-Adjusted Life Year (QALY) gained and remained within the range regarded as cost-effective from an NHS decision-making perspective even when assumptions for deterministic sensitivity analysis were changed."