Cost Effectiveness Modelling for Health Technology Assessment: A Practical Course

✍ Scribed by Richard Edlin, Christopher McCabe, Claire Hulme, Peter Hall, Judy Wright (auth.)

• Publisher: ADIS
• Year: 2015
• Tongue: English
• Leaves: 217
• Edition: 1
• Category: Library

✦ Synopsis

This book provides an introduction to decision analytic cost-effectiveness modelling, giving the theoretical and practical knowledge required to design and implement analyses that meet the methodological standards of health technology assessment organisations. The book guides you through building a decision tree and Markov model and, importantly, shows how the results of cost-effectiveness analyses are interpreted.

Given the complex nature of cost-effectiveness modelling and the often unfamiliar language that runs alongside it, we wanted to make this book as accessible as possible whilst still providing a comprehensive, in-depth, practical guide that reflects the state of the art – that includes the most recent developments in cost-effectiveness modelling. Although the nature of cost effectiveness modelling means that some parts are inevitably quite technical, across the 13 chapters we have broken down explanations of theory and methods into bite-sized pieces that you can work through at your own pace; we have provided explanations of terms and methods as we use them. Importantly, the exercises and online workbooks allow you to test your skills and understanding as you go along.

✦ Table of Contents

Front Matter....Pages i-xiii
Economic Evaluation, Cost Effectiveness Analysis and Health Care Resource Allocation....Pages 1-13
Finding the Evidence for Decision Analytic Cost Effectiveness Models....Pages 15-40
Building a Decision Tree Cost Effectiveness Model....Pages 41-57
Uncertainty, Probabilistic Analysis and Outputs from Cost Effectiveness Analyses....Pages 59-76
Introduction to Markov Cost Effectiveness Models....Pages 77-86
Probability Distributions for Effectiveness Parameters....Pages 87-103
Probability Distributions for Cost and Utility Parameters....Pages 105-118
Correlated Parameters and the Cholesky Decomposition....Pages 119-132
Building a Markov Cost Effectiveness Model in Excel....Pages 133-143
Making a Markov Model Probabilistic....Pages 145-162
Outputs from Probabilistic Sensitivity Analysis....Pages 163-175
Investing in Health Care, Research and the Value of Information....Pages 177-198
Value of Information in Health Technology Regulation and Reimbursement....Pages 199-208

✦ Subjects

Pharmacoeconomics and Health Outcomes; Quality of Life Research; Health Informatics; Health Economics