1. Compare and contrast cost-benefit analysis, cost-effectiveness analysis,
Compare and contrast cost-benefit analysis, cost-effectiveness analysis, and cost-utility
analysis. Define each economic evaluation, describe the unit of measurement for each
approach, and provide one quality improvement example for each economic evaluation
strategy.Sources:Drummond, M. F., Sculpher, M. J., Torrance, G. W., O’Brien, B. J., & Stoddart,
G. L. (2005). Methods for the economic evaluation of health care programs. Oxford
University Press; National Library of Medicine. (2016).Health economics information
resources: A self-study course: module 4. An introduction to the principles of critical
appraisal of health economic evaluation studies. Author.
https://www.nlm.nih.gov/nichsr/edu/healthecon/04_he_04.htmlLinks to an external
site.;Agency for Healthcare Research and Quality. (2017). Toolkit for using the AHRQ quality
safety/settings/hospital/resource/qitool/index.htmlLinks to an external site.;Brousselle, A.,
Benmarhnia, T., & Benhadj, L. (2016). What are the benefits and risks of using return on
investment to defend public health programs?. Preventive Medicine Reports, 3, 135-138.
https://doi.org/10. 1016/j.pmedr.2015.11.015; andMuennig, P. (2008). Cost-effectiveness
analyses in health: A practical approach. Jossey-Bass, a Wiley Imprint.