Health economic evaluation is the comparative assessment of costs and outcomes of alternative healthcare technologies or health strategies. It is a branch of health economics that aims to provide evidence-based information to assist and improve decision-making in allocating healthcare resources. Health economic evaluation can use different methods, such as cost-effectiveness analysis or cost-benefit analysis, to measure the costs and outcomes of health interventions in monetary or non-monetary units. The result of health economic evaluation studies is the incremental cost-outcome ratio, which expresses the value for money of a defined healthcare technology by comparing the additional costs and outcomes of one alternative to another. Health economic evaluation can help policymakers and healthcare providers to prioritize and choose the most efficient and effective healthcare interventions for a given population or setting.