Introduction to economic assessment – part 4
Intended for healthcare professionals
CPD Previous     Next

Introduction to economic assessment – part 4

Chih Hoong Sin Director, Office for Public Management, London
Ann McMahon Research and innovation manager, Royal College of Nursing, London

This is the final in a series of four continuing professional development articles on economic assessment (EA), more specifically EA in the context of nurse-led service innovation. The series aims to equip readers with an understanding of: (a) the main requirements of EA; (b) definitions of relevant terminology; (c) different EA techniques and their associated strengths and weaknesses; and (d) procedures to assign monetary values to costs and benefits. The series introduces a methodology, with associated tools and templates, that has been used by practising nurses to conduct EAs. The aim of this article is to show readers how to put monetary values on the types of cost incurred, and benefits generated, by a service innovation.

Nursing Management. 21, 8, 31-38. doi: 10.7748/nm.21.8.31.e1307


Peer review

This article has been subject to double blind peer review

Conflict of interest

None declared

Received: 10 October 2014

Accepted: 03 November 2014

Keywords :

Economic assessment

Want to read more?

Already subscribed? Log in


Unlock full access to RCNi Plus today

Save over 50% on your first 3 months

Your subscription package includes:
  • Unlimited online access to all 10 RCNi Journals and their archives
  • Customisable dashboard featuring 200+ topics
  • RCNi Learning featuring 180+ RCN accredited learning modules
  • RCNi Portfolio to build evidence for revalidation
  • Personalised newsletters tailored to your interests
RCN student member? Try Nursing Standard Student

Alternatively, you can purchase access to this article for the next seven days. Buy now