EBMH NOTEBOOK
Economic evaluations in evidence based healthcare
Centre for the Economics of Mental Health, Institute of Psychiatry, King’s College London, UK
Correspondence to:
Barbara Barrett, Centre for the Economics of Mental Health, Institute of Psychiatry, King’s College London, Box P024 De Crespigny Park, London SE5 8AF, UK; b.barrett@iop.kcl.ac.uk
| The first 150 words of the full text of this article appear below. |
Economic evaluations are increasingly carried out alongside clinical evaluations so that the clinician is presented with information on both the effectiveness and cost-effectiveness of alternative treatments to inform their evidence based practice. These evaluations are important on both theoretical and policy grounds. An economic evaluation is made up of a number of components, the most important of which are a comparison group, a stated perspective, evidence of costs, evidence of effectiveness and a method of combining costs and effects together. Cost-effectiveness, cost-utility and cost–benefit analyses are different methods of economic evaluation in common use and they are described with examples.
Evidence based medicine and evidence based decision making are very much a part of modern psychiatric practice. They involve the use of current best evidence in making decisions for the care of individual patients.1 The main tool used by researchers to supply information to clinicians on best practice is the
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