What is a method used to determine which program provides the best outcome for the lowest cost?

Study for the NEA-BC test with engaging multiple-choice questions and comprehensive explanations. Enhance your preparation and increase your chances of passing the exam successfully!

Cost Utility Analysis (CUA) is a method that evaluates the relationship between the cost of a program and the outcomes it achieves, particularly in terms of quality-adjusted life years (QALYs) or similar metrics. This technique allows organizations to compare the efficiency and effectiveness of different programs by quantifying both costs and health outcomes. By applying CUA, decision-makers can make informed choices regarding resource allocation, ultimately identifying the program that provides the best health outcomes relative to its cost.

In contrast, Quality Assurance focuses on maintaining a certain standard of care but does not primarily analyze cost versus outcomes. Market Analysis involves evaluating the competitive landscape and consumer preferences, which may not directly relate to cost-effectiveness of healthcare programs. Program Evaluation assesses various aspects of a program's performance but can encompass a broader range of factors beyond just cost outcomes. Therefore, CUA is the most appropriate method for determining which program offers the best outcome for the lowest cost, making it the correct choice.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy