Cost

Cost (medical term)

Cost (/kɒst/), in medical terminology, refers to the expense incurred for medical care. The term is derived from the Latin word constare, which means "to stand at a price".

Etymology

The term cost has its roots in the Latin word constare, which translates to "to stand at a price". This term was later adopted into Middle English as costen, and eventually shortened to cost in Modern English.

Related Terms

• Healthcare cost: The total expenditure for services rendered in healthcare, including hospital care, physician services, prescription drugs, and other medical goods and services.
• Direct cost: The actual out-of-pocket expenses for medical care, such as payments for doctor's visits, medications, and hospital stays.
• Indirect cost: The non-monetary costs associated with illness, such as lost productivity due to sickness or disability.
• Out-of-pocket cost: The portion of the total cost of medical care that the patient pays directly, not covered by insurance.
• Cost-effectiveness: A measure of the relative cost and outcomes (effects) of different medical treatments or interventions.
• Cost-benefit analysis: A method of comparing the cost of a program with its expected benefits in dollars (or other currency).

See Also

• Health economics
• Health insurance
• Healthcare reform
• Medical billing

External links

• Medical encyclopedia article on Cost
• Wikipedia's article - Cost

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