Cost-effectiveness for a specific treatment of a particular type of cancer is an assessment of the following features of the therapy:
• Efficacy (i.e., the short-term and long-term effectiveness)
• Safety (i.e., the risks of short-term and long-term side effects)
• Cost of the therapy and its administration
• Cost of managing the short-term and long-term side effects
Comparison of cost-effectiveness of different treatments is a way to evaluate the relative benefits, risks, and direct and indirect costs of the different therapies.
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