Health economics are concerned with issues related to efficiency, effectiveness and value in health and healthcare systems and health-affecting behaviours such as smoking. Using economic techniques in evaluation is important in understanding how efficient and cost effective services are, and where services can be improved. Evaluation provides practical information to help decide whether a development or service should continue or not. The teams offer around evaluation is mainly considering quantitative (numbers) data and understanding the context, putting together a logic model or theory of change to plan an evaluation and understand what outcomes are important.
Here are a number of the completed evaluations:
Health economic techniques have a lot of similarities with the Social Return on Investment (SROI) approach for appraising the impact of public sector investments. The SROI approach has taken on a greater importance since the Public Services (Social Value) Act was passed in 2012, which compels public sector bodies to consider social value in procurement, where previously they might have just awarded a contract to the lowest bidder.
In considering traditional health outcomes like life years gained, alongside outcomes from a broader perspective such as changes in employment, community cohesion, and changes in the environment, we aim to get a genuine idea of the impact of the services that we evaluate.
For a more in-depth look at the concepts and methods behind health economics, follow the link below to a fact-sheet, What is Health Economics?
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More economic evaluation reports that have been produced...
For more information on our research approach, these Health Economics reports, or to find out if we could help you in your area of work, please contact the Wirral Intelligence Service at firstname.lastname@example.org
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Health economics: evidence resource (September 2017)
Provides a summary of economic evidence underpinning public health interventions.
Health economics: a guide for public health teams (September 2017)
Resources to help local commissioners achieve value for money by estimating the return on investment (ROI) and cost-effectiveness of public health programmes.