In the past 20 years, there has been increasing recognition of the need to
consider cost in medical decision making. This period has seen an explosion
in the number of economic evaluations appearing in the medical literature.
Cost-effectiveness analysis is an objective systematic technique for compa
ring alternative health care strategies on both cost and effectiveness simu
ltaneously. Cost-effectiveness analysis can be used to inform medical decis
ion makers in the establishment of clinical practice guidelines acid in the
setting of health policy. Cost-effectiveness analysis is a state-of-the-ar
t research tool with its own terminology and methods. It is critical that r
adiologists become familiar with the concepts and procedures of cost-effect
iveness analysis so they can properly evaluate cost-effectiveness analysis
studies and be more knowledgeable participants in the health care decision-
making process. This article explains the rationale, terminology, and metho
ds of cost-effectiveness analysis as applied to radiology.