Significance of Annual cost
Annual cost in healthcare encompasses the total expenses related to patient care over a year. Psychiatry estimates the mean direct annual cost per patient at $699, including medications and therapies. Health Sciences defines annual cost as the total healthcare expenses incurred within a year, used to evaluate the cost-effectiveness of interventions and assess the financial burden of managing conditions like diabetes at the community level.
Synonyms: Yearly cost, Annual expense
The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.
The concept of Annual cost in scientific sources
Annual cost represents the total healthcare expenses within a year, crucial for evaluating the financial impact of health conditions and the cost-effectiveness of healthcare interventions.
From: Sustainability Journal (MDPI)
(1) The cost and investment cost of cryogenic separation is 2.2 and 2.3 times higher, showing that chemical absorption is a more effective method for upgrading biogas.[1] (2) The annual costs are associated with purchasing whole salmon, fillets, or portions, and the switch to procuring filleted salmon can save the hotel around € 28,500 per year.[2] (3) Producing a percentage of the electricity demand from PVp is now more advantageous since the objective function (total EC annual cost) can be kept at the lower possible value, given the imposed gap.[3] (4) When the lithium-ion battery energy storage system with a scale of 917.65 MW/ 917.65 MWh is configured, the annual cost is analyzed in Table 6.[4] (5) The use of smart experience in health tourism, which leads to green (sustainable) tourism, can reduce the "annual costs" of developing environmental protection methods.[5]
From: International Journal of Environmental Research and Public Health (MDPI)
(1) The annual costs of purchasing counterfeit medicines by consumers across Europe amount to approximately EUR 850 million, according to EU experts. This highlights the substantial financial burden placed on consumers due to the prevalence of counterfeit drugs and the annual costs associated with their purchase.[6] (2) The expense of treatment for physical or mental health, used in conjunction with other variables to calculate the economic burden of air pollution.[7] (3) It is the yearly expenditure for a particular item or service, such as healthcare, and the treatment of certain conditions has been estimated to have a significant impact on it.[8] (4) In Korea it has been estimated that the annual costs attributable to obesity ranges from $170 million to $350 million, which is smaller than those of other developed countries, but still considerable.[9] (5) Overstocking has been shown to significantly drive up in healthcare systems.[10]
From: African Journal of Primary Health Care and Family Medicine
(1) This is the total sum of expenses related to healthcare incurred over a one-year period, used to assess the financial burden of managing health conditions such as diabetes.[11] (2) The annual cost of community-level healthcare delivery is determined to assess the cost-effectiveness of the intervention.[12]
From: South African Journal of HIV Medicine
(1) Using a simple calculation for a scheme of 20 000 lives and assuming an average antiretroviral medication cost of R2 500 per month.[13]
From: Asian Journal of Pharmaceutics
(1) When dividing up these based on the gender and age, we were able to determine how each individual expense can affect these characteristics differently.[14]
From: South African Journal of Psychiatry
(1) Total mean direct this per patient has been estimated at US $699, which includes over-the-counter medications, medical-aid copayments and alternative therapies.[15]