Significance of Cost effective
Cost effective refers to treatments or therapies that are affordable, provide significant health benefits, and offer good value for money. This concept highlights various healthcare options, including Ayurvedic practices, herbal therapies, and specific products like Amalaki Churna, which are accessible to a broader population without imposing a heavy financial burden. The term emphasizes the importance of affordability in medical treatments, making effective options available while reducing overall healthcare costs.
Synonyms: Cost-efficient, Low-cost, Value for money
The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.
The concept of Cost effective in scientific sources
Cost effective describes solutions that offer good value relative to their cost, highlighting economically advantageous treatments for dental health, herbal alternatives, the Agnikarma procedure, millets as crops, and affordable remedies like Bhavita Amalaki Choorna for health issues.
From: The Malaysian Journal of Medical Sciences
(1) This describes a treatment that provides good value for the money, and the text discusses whether certain insulins, like insulin detemir and insulin glargine, are considered cost-effective in different countries.[1] (2) A term used to describe a treatment or approach that provides the best possible outcomes at a reasonable price.[2] (3) Cost-effective treatments may be decided not to be purchased by health authorities, or only for a specified group of patients, if the cost surpasses what the health service can generally afford.[3] (4) Indicating that a treatment option provides good value for the money spent.[4] (5) An approach aimed at minimizing expenses while achieving effective screening results for ROP in preterm infants.[5]