SUBJECT

Methodology of economic modelling in health care (2)

lecture

master

Faculty of Social Sciences

Health Policy, Planning and Financing (Specialization in Health Economics) MSc (part time)

4

Semester 4

Spring semester

The module is designed for students who wish to learn advanced modelling approaches, techniques and applications for health care decision analysis.

During the semester economic models related to strategic pricing, risk sharing arrangements, health care investment and public health decisions are investigated, and students get insight into advanced modelling techniques supporting health care decisions, as discrete event simulation, Markov simulation and probabilistic sensitivity analysis. By the end of the module students will be familiar with health care modelling methods applicable to a large scale of decision making situations and will be able to understand and interpret the fundamentals of some advanced modelling techniques.

• Michael F. Drummond, Mark J. Sculpher, George W. Torrance, Bernie J. O'Brien, and Greg L. Stoddart.: Methods for the Economic Evaluation of Health Care Programmes.
• Alastair M. Gray, Philip M. Clarke, Jane L. Wolstenholme, and Sarah Wordsworth: Applied Methods of Cost-effectiveness Analysis in Healthcare.
• Andrew Briggs,Mark Sculpher, Karl Claxton. Decision Modelling for Health Economic Evaluation. Oxford University Press, 2006. ISBN 0-19-852662-8 ISBN 978-019-852662-9
• Johanesson, Magnus: Theory and Methods of Economic Evaluation of Health Care. Kluwer Akademic Publishers, 1996 – this is not on the reading list but provides a very useful summary of various issues we discuss during the module.
• Alastair M. Gray, Philip M. Clarke, Jane L. Wolstenholme, and Sarah Wordsworth: Applied Methods of Cost-effectiveness Analysis in Healthcare. 2011, Handbooks in Health Economic Evaluation, volume 3
• Chapter 10: Representing uncertainty in decision analytic models. pg. 249-266
• Chapter 11: Presenting cost effectiveness results. pg. 267-300
• Andrew Briggs,Mark Sculpher, Karl Claxton. Decision Modelling for Health Economic Evaluation. Oxford University Press, 2006. ISBN 0-19-852662-8 ISBN 978-019-852662-9
• Chapter 3. Further developments in decision analytic models for economic evaluation pg. 45-76
• Chapter 4. Making decision models probabilistic pg. 77-120
• Chapter 5. Analysing and presenting simulation output from probabilistic models pg. 121-164
• Chapter 6. Decision-making, uncertainty and the value of information pg. 165-200
• Brennan A Chick SE, and Davies R. A taxonomy of model structures for economic evaluation of health technologies. Health Economics 2006, 15: 1295-1310.