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Economic Evaluation Techniques in Healthcare

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  • Alan Maynard

Abstract

Application of the technique of economic evaluation has increased markedly in the past 5 years. Literature on the techniques of economic evaluation is over 30 years old, and the principal architect of such techniques in Britain is Professor Alan Williams of the University of York. In 1974 he wrote a ‘checklist of questions’ to apply to economic studies. These questions have since been elaborated by Mike Drummond and colleagues. and by the end of the 1980s guidelines were well articulated. Since this time there have been substantial investments in ‘gilding the lily’. leading to marginal improvements. This investment in ‘reinventing the wheel’ could more usefully be applied to resolution of contentious areas where there is still a lack of consensus. It is time to stop going around in circles with guideline reiteration and quasi-consensus statements, and instead target resources where they give the greatest return to knowledge. Copyright Adis International Limited 1997

Suggested Citation

  • Alan Maynard, 1997. "Economic Evaluation Techniques in Healthcare," PharmacoEconomics, Springer, vol. 11(2), pages 115-118, February.
    • Handle: RePEc:spr:pharme:v:11:y:1997:i:2:p:115-118
    DOI: 10.2165/00019053-199711020-00001
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    Cited by:

    1. David Kernick, 2002. "Health economics: an evolving paradigm but sailing in the wrong direction? A view from the front line," Health Economics, John Wiley & Sons, Ltd., vol. 11(1), pages 87-88, January.
    2. Maynard, Alan & McDaid, David, 2003. "Evaluating health interventions: exploiting the potential," Health Policy, Elsevier, vol. 63(2), pages 215-226, February.
    3. Laurent Molinier & Hélène Bocquet & Vanina Bongard & Bernard Fraysse, 2009. "The economics of cochlear implant management in France: a multicentre analysis," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 10(3), pages 347-355, July.

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