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Alternative Title:AREB Coffee Breaks 2024: Potential Approaches for Implementing a Cost Analysis
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Description:Public health programs may benefit from demonstrating the value of their allocated resources and funds in addition to program outcomes and impacts. Resources for funding are scarce and competitive. Program implementers and program decision makers can consider economic evaluations to demonstrate the value of resources used to deliver an intervention. Results of economic evaluation may be used by programs to assess effectiveness, sustainability, and make decisions about different approaches to a prevention program.
While economic evaluations include several different analyses, they all require a program cost analysis. Conducting a program cost analysis accounts for the direct as well as the often overlooked indirect costs (e.g. donated materials or volunteer time) required for implementation. Programs may attempt to estimate program costs for budgeting purposes, however budgetary information does not completely account for the full cost of implementing a program. An evaluation-oriented cost analysis is more appropriate as it allows for estimations of expected annual funding, comparisons across intervention sites, and cost per person served, among other benefits.
The aim of this presentation is to provide public health practitioners and implementers of public health programs an overview of how incorporating cost analyses into broader program evaluations may provide a fuller understanding of the intervention and its impact. This presentation will first provide a brief overview of economic evaluations, then describe key principles in cost analyses such as type of resources to account for, perspective of the analysis, and key calculations and terms in quantifying costs. Finally, we will highlight publicly available resources related to cost analyses.
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Pages in Document:24 numbered pages
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