How to conduct cost and value analyses in health professions education: AMEE Guide No. 139

Growing demand for accountability, transparency, and efficiency in health professions education is expected to drive increased demand for, and use of, cost and value analyses. In this AMEE Guide, we introduce key concepts, methods, and literature that will enable novices in economics to conduct simp...

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Published inMedical teacher Vol. 43; no. 9; pp. 984 - 998
Main Authors Foo, Jonathan, Cook, David A., Tolsgaard, Martin, Rivers, George, Cleland, Jennifer, Walsh, Kieran, Abdalla, Mohamed Elhassan, You, You, Ilic, Dragan, Golub, Robert, Levin, Henry, Maloney, Stephen
Format Journal Article
LanguageEnglish
Published England Taylor & Francis 02.09.2021
Taylor & Francis Ltd
Subjects
Accountability
Analysis
cost-effectiveness
costs and cost analysis
Economic research
economics
health professions education
medical education
Medical personnel
Novices
Specialists
Transparency
Value
cost-effectiveness
economics
costs and cost analysis
medical education
health professions education
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Abstract Growing demand for accountability, transparency, and efficiency in health professions education is expected to drive increased demand for, and use of, cost and value analyses. In this AMEE Guide, we introduce key concepts, methods, and literature that will enable novices in economics to conduct simple cost and value analyses, hold informed discussions with economic specialists, and undertake further learning on more advanced economic topics. The practical structure for conducting analyses provided in this guide will enable researchers to produce robust results that are meaningful and useful for improving educational practice. Key steps include defining the economic research question, identifying an appropriate economic study design, carefully identifying cost ingredients, quantifying, and pricing the ingredients consumed, and conducting sensitivity analyses to explore uncertainties in the results.
AbstractList Growing demand for accountability, transparency, and efficiency in health professions education is expected to drive increased demand for, and use of, cost and value analyses. In this AMEE Guide, we introduce key concepts, methods, and literature that will enable novices in economics to conduct simple cost and value analyses, hold informed discussions with economic specialists, and undertake further learning on more advanced economic topics. The practical structure for conducting analyses provided in this guide will enable researchers to produce robust results that are meaningful and useful for improving educational practice. Key steps include defining the economic research question, identifying an appropriate economic study design, carefully identifying cost ingredients, quantifying, and pricing the ingredients consumed, and conducting sensitivity analyses to explore uncertainties in the results.
Author Ilic, Dragan
Cook, David A.
You, You
Rivers, George
Walsh, Kieran
Golub, Robert
Levin, Henry
Abdalla, Mohamed Elhassan
Maloney, Stephen
Foo, Jonathan
Tolsgaard, Martin
Cleland, Jennifer
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Snippet Growing demand for accountability, transparency, and efficiency in health professions education is expected to drive increased demand for, and use of, cost and...
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SubjectTerms Accountability
Analysis
cost-effectiveness
costs and cost analysis
Economic research
economics
health professions education
medical education
Medical personnel
Novices
Specialists
Transparency
Value
Title How to conduct cost and value analyses in health professions education: AMEE Guide No. 139
URI https://www.tandfonline.com/doi/abs/10.1080/0142159X.2020.1838466
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