Program Cost Analysis
Worksite health programs are put in place at various workplaces to improve the health of employees and other individuals. However, these programs cost money to implement whether it is to educate the public, encourage new behaviors, or provide prevention treatments or screenings. How do you know if the program is worth the cost?
For Worksite Health
Cost-Effectiveness Analysis
Cost-Effectiveness Analysis (CEA) allows for both costs and health outcomes of one or more interventions to be examined side by side. It essentially allows one to figure out how much it costs to gain a health outcome.
Cost-Benefit Analysis
Cost-Benefit Analysis (CBA) allows for decisions to be analyzed. It sums up the cots of the program and subtracts the benefits in order to determine if the program is worth the cost.
Cost Utility
Cost-Utility Analysis (CUA) determines the cost of utilities in terms of quantity and quality of life. It's used to compare programs that have different benefits.
Return on Investment
Return on Investment (ROI) is an evaluation that measures gains or loses on an investment compared to what the cost has been. It determines efficiency of investment comparative to money values.