Cost-effective definition

Cost-effective means that the expenditures pursuant to

Cost-effective means a Health Intervention where the benefits and harms relative to the costs represent an economically efficient use of resources for patients with the medical condition being treated through the Health Intervention. For example, if the benefits and risks to the patient of two alternative Interventions are comparable, a Health Intervention costing $1,000 will be more cost effective than a Health Intervention costing $10,000. “Cost-effective” shall not necessarily mean the lowest price.

Cost-effective means being responsible and accountable with Department resources by offering less costly alternatives when providing choices that adequately meet the support needs of a child. Less costly alternatives include other programs available from the Department and the utilization of assistive devices, natural supports, environmental modifications, and alternative resources. Less costly alternatives may include resources not paid for by the Department.

Examples of Cost-effective in a sentence

• In doing so each Contracting Party shall act in a Cost-Effective manner.

• The Department shall provide to the QESPs a form of LOI, which indicates QESP’s interest in submitting a Cost-Effective Feasibility Analysis (“Feasibility Analysis”).

• This document is part of technical documentation generated in the PANACEA Project, Platform for Automatic, Normalized Annotation and Cost-Effective Acquisition (Grant Agreement no.

• We have several types of Maintenance Programs available which gives us the ability to Tailor-Fit a Complete and Cost-Effective Maintenance and Repair Program to each Customer based on an analysis of their unique individual needs and circumstances.

• The Project Sponsor must submit a final report to the Program Manager within four (4) months of the Project completion which itemizes (a) the expenditure of the funds, (b) the final results of the monitoring of the performance of the Project, and (c) the Final Cost-Effective (C-E) Worksheet.

More Definitions of Cost-effective

Cost-effective means being responsible and accountable with Department resources. This is accomplished by offering less costly alternatives when providing choices that adequately meet an individual's service needs. Those choices consist of the available services under the Medicaid home and community-based service options, the utilization of assistive devices, natural supports, architectural modifications, and alternative service resources (defined in OAR 411-015-0005) not paid for by the Department.

Cost-effective means that in the opinion of the services coordinator, a specific service or support meets the child's service needs and costs less than, or is comparable to, other service options considered.

Cost-effective means that the measures satisfy the total

Cost-effective means the lowest cost health service or item that, in the judgment of Authority staff or its contracted agencies, meets the medical needs of the client.

Cost-effective means that the present value to a state agency or school district of the energy reasonably expected to be saved or produced by a facility, activity, measure, or piece of equipment over its useful life, including any compensation received from a utility or the Bonneville Power Administration, is greater than the net present value of the costs of implementing, maintaining, and operating such facility, activity, measure, or piece of equipment over its useful life, when discounted at the cost of public borrowing.

Cost-effective means a commercially reasonable price for

Cost-effective means the benefits exceed the costs.