Training on Healthcare Economics and Cost-Effectiveness Analysis
Course Overview
What is Healthcare Economics and Cost-Effectiveness Analysis?
Healthcare Economics is the application of economic principles to healthcare systems, focusing on how scarce resources are allocated to maximize health outcomes. It examines costs, benefits, efficiency, equity, and value in healthcare delivery and financing.
Cost-Effectiveness Analysis (CEA) is a systematic method used to compare the relative costs and outcomes of different health interventions. It helps decision-makers identify which interventions provide the greatest health impact for the lowest cost, supporting rational prioritization under limited budgets.
Together, healthcare economics and cost-effectiveness analysis provide powerful tools for evidence-based decision-making in health policy, program planning, and resource allocation.
Healthcare systems worldwide operate under significant financial constraints while facing increasing demand for services due to population growth, aging populations, chronic diseases, and emerging health threats.
In many cases, health budgets are allocated inefficiently due to weak prioritization frameworks, limited economic evaluation capacity, lack of data-driven decision-making, and political or institutional pressures.
This often results in funding low-impact interventions while underfunding high-impact, cost-effective health programs, leading to inefficiencies, inequities, and suboptimal health outcomes.
This course equips participants with practical tools, frameworks, and analytical techniques to evaluate health interventions based on economic value, cost-effectiveness, and impact.
Participants will learn how to assess healthcare costs, measure health outcomes, compare intervention alternatives, and prioritize investments using economic evaluation methods such as cost-effectiveness analysis, cost-utility analysis, and cost-benefit analysis.
The training also focuses on budgeting strategies, resource allocation models, health financing optimization, and evidence-based prioritization to improve healthcare system efficiency and equity.
Key Concepts Covered
• Fundamentals of healthcare economics
• Opportunity cost and resource allocation in health systems
• Cost-effectiveness analysis (CEA) methods
• Cost-utility and cost-benefit analysis
• Incremental cost-effectiveness ratios (ICER)
• Health outcomes measurement (QALYs, DALYs)
• Health technology assessment (HTA)
• Budget impact analysis and prioritization frameworks
• Economic evaluation of health interventions
• Value-based healthcare decision-making
Participants will apply skills to:
• Prioritize health interventions under budget constraints
• Evaluate cost-effectiveness of healthcare programs
• Support health policy and financing decisions
• Improve resource allocation in healthcare systems
• Conduct economic evaluations of health technologies
• Strengthen universal health coverage planning
• Improve efficiency in public health spending
• Support donor and government funding decisions
By the end of the course, participants will be able to apply healthcare economic principles, conduct cost-effectiveness analyses, and make evidence-based decisions to prioritize health interventions and optimize limited healthcare budgets.
Duration
5 Days
Who Should Attend
• Health economists and analysts
• Ministry of Health policymakers
• Public health professionals
• Healthcare planners and strategists
• Health financing specialists
• Monitoring and evaluation experts
• Development partners and NGO professionals
• Hospital administrators and managers
• Insurance and health financing officers
• Researchers and academic professionals
Course Impact
Individual Impact
• Strengthen healthcare economic analysis skills
• Improve cost-effectiveness evaluation capabilities
• Enhance data-driven decision-making expertise
• Develop health financing and budgeting knowledge
• Improve analytical thinking in policy development
• Build capacity in economic evaluation methods
Organizational Impact
• Improve efficiency in healthcare spending
• Strengthen evidence-based prioritization of interventions
• Enhance resource allocation and budgeting decisions
• Improve value-for-money in health investments
• Support universal health coverage planning
• Strengthen health technology assessment capacity
• Improve sustainability of healthcare financing systems
Course Objectives
By the end of this course, participants will be able to:
• Understand principles of healthcare economics
• Apply cost-effectiveness analysis in healthcare decision-making
• Compare and evaluate health interventions based on economic value
• Interpret and use ICER, QALYs, and DALYs in analysis
• Conduct cost-utility and cost-benefit evaluations
• Perform budget impact and resource allocation analysis
• Support health technology assessment processes
• Improve prioritization of health programs under constraints
• Strengthen evidence-based health financing decisions
• Enhance value-based healthcare planning and policy development
Course Outline
Module 1: Foundations of Healthcare Economics
• Introduction to healthcare economics principles
• Scarcity, opportunity cost, and resource allocation
• Health system financing structures
• Demand and supply in healthcare markets
• Equity and efficiency in healthcare systems
• Exercise: Identify inefficiencies in healthcare spending
• Case Study: Economic challenges in national health systems
Module 2: Costing and Economic Evaluation Methods
• Types of costs in healthcare (direct, indirect, intangible)
• Cost measurement and estimation techniques
• Cost-effectiveness analysis (CEA) fundamentals
• Cost-utility and cost-benefit analysis approaches
• Incremental cost-effectiveness ratios (ICER)
• Practical: Conduct a basic cost analysis of a health intervention
• Case Study: Comparing treatment options using economic evaluation
Module 3: Measuring Health Outcomes and Value
• Health outcome measurement frameworks
• Quality-adjusted life years (QALYs)
• Disability-adjusted life years (DALYs)
• Measuring effectiveness in health interventions
• Health technology assessment (HTA) principles
• Exercise: Calculate cost-effectiveness using outcome data
• Case Study: Evaluating public health intervention impact
Module 4: Health Financing and Prioritization Strategies
• Health budgeting and resource allocation models
• Budget impact analysis
• Priority setting in healthcare systems
• Value-based healthcare decision-making
• Economic evaluation for policy development
• Practical: Develop a health prioritization framework
• Case Study: Allocating limited budgets across competing health needs
Module 5: Policy Application and Decision-Making in Health Systems
• Translating economic analysis into policy decisions
• Integrating evidence into health planning
• Stakeholder engagement in priority setting
• Ethical considerations in resource allocation
• Strengthening institutional decision-making systems
• Capstone Exercise: Develop a cost-effectiveness-based health investment plan
• Case Study: Evidence-based healthcare reform and financing decisions
Prerequisites
Course Administration and Investment
Whether you join us in a physical boardroom or through our virtual campus, we’ve designed every administrative detail for a seamless, professional experience.
Our fees are all inclusive during course hours.
- Covered: High level tuition, comprehensive materials (digital + physical), mid morning and afternoon refreshments, a full executive lunch, and any scheduled study visits or site tours.
- Not covered: Travel, visa fees, medical/travel insurance, personal expenses, and accommodation.
From registration to the classroom, we keep things clear and efficient.
- Registration: Find your preferred schedule, click “Register,” complete the form, and submit. Need help? Talk to us directly.
- Pre Course Assessment: After registering, you’ll receive a diagnostic survey to help facilitators tailor content to your needs.
- Joining Instructions: Once fees are paid, you’ll receive a Delegate Welcome Pack at least 7 days before the start date (venue maps, virtual access links, and pre reading materials).
We provide premium environments optimized for adult learning and networking.
- Physical Venues: Premium 4 star and 5 star executive boardrooms across our global host cities, with high tier catering.
- Virtual Instructor Led Training (VILT): High definition, interactive platforms featuring breakout rooms, digital whiteboards, and live technical support.
- NITA and Regulatory Compliance: Administrative processes align with national training authorities.
You’ll leave with tools that extend the course value far beyond the final day.
- ForElite Learner Kit: A physical or digital course manual, proprietary templates, and a curated toolkit of industry standard SOPs.
- On Site / In App Support: Dedicated course coordinators handle technical, dietary, or logistical inquiries in real time.
We validate your commitment to excellence with internationally recognized credentials.
- Attendance Tracking: Rigorous daily logging to meet corporate and regulatory accreditation requirements.
- Verifiable Credentials: Upon successful completion, you receive a certificate of course completion.
Our relationship with you doesn’t end when the course closes.
- Feedback & ROI Reporting: Detailed post course evaluations to give sponsors clear insight into training impact.
- Alumni Network Access: Every delegate joins the ForElite Alumni Network for ongoing peer to peer learning and exclusive webinars.
When is the next intake?
UpdatedWe offer customized training solutions tailored to your organization's specific needs (location, dates, content and team size).
Talk to us and we’ll guide you on the best schedule and format for your team.
Training Methodology
We turn knowledge into results. Using our P.E.A.K. Framework (Prepare, Engage, Apply, Know), every participant leaves with practical skills they can use immediately.
Proven Impact
In the last 12 months, over 1,200 professionals have applied the P.E.A.K. Framework to reduce onboarding time by an average of 30% and accelerate project delivery across 14 industries.
The outcome: Participants don’t just learn. They gain the tools, confidence, and strategy to drive measurable impact.
Tailor-Made Training and Customization
Off-the-shelf solutions rarely fit perfectly. At ForElite Training Institute, we built our Tailor-Made Training (TMT) service to embed our expertise directly into your unique strategy, culture, and operations.
We replace generic examples with scenarios from your sector (e.g., public sector, NGOs, financial services, or logistics).
Choose a format that fits your operations: intensive 3 day bootcamps or weekly sessions that minimize work disruption.
We teach directly from your actual templates, brand guidelines, or financial reports.
Host your bespoke training in any of our 21+ global cities, or we'll send facilitators to your office anywhere in the world.
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ForElite Training Institute is a global institutional capacity-building and EdTech partner that empowers organizations and professionals with transformative, high-impact learning.