What does QALY mean in Mathematics?
This page is about the meanings of the acronym/abbreviation/shorthand QALY in the Academic & Science field in general and in the Mathematics terminology in particular.
Quality-Adjusted Life Years
Submitted by agnm on June 10, 2012
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Definition
What does QALY mean?
- quality-adjusted life years
- The quality-adjusted life year (QALY) is a generic measure of disease burden, including both the quality and the quantity of life lived. It is used in economic evaluation to assess the value of medical interventions. One QALY equates to one year in perfect health. QALY scores range from 1 (perfect health) to 0 (dead). QALYs can be used to inform health insurance coverage determinations, treatment decisions, to evaluate programs, and to set priorities for future programs.Critics argue that the QALY oversimplifies how actual patients would assess risks and outcomes, and that its use may restrict patients with disabilities from accessing treatment. Proponents of the measure acknowledge that the QALY has some shortcomings, but that its ability to quantify tradeoffs and opportunity costs from the patient and societal perspective make it a critical tool for equitably allocating resources.
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"QALY." Abbreviations.com. STANDS4 LLC, 2024. Web. 21 Sep. 2024. <https://www.abbreviations.com/term/1406826>.
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