Health economic analyses are comparative analysis of healthcare technologies or health strategies and their alternative options in terms of their costs and consequences.1 By doing health economic analysis, we can obtain incremental cost-outcome ratios, the relation of the estimated additional costs, and the estimated additional outcomes saved or lost using alternative healthcare technology.2 They can provide useful data to doctors, patients, policymakers, and the public about choices that can affect health, especially the use of resources.

In essence, economic evaluation aims to characterize the efficiency of healthcare interventions. It provides a structured approach to measuring and comparing the health outcomes and costs of competing alternative interventions over time and across populations.