Applied Methods of Cost-Effectiveness Analysis
This is an intensive course for health economists and health professionals, with some knowledge of health economics who wish to learn about the methodology of cost-effectiveness analysis as applied in health care.
What the course is about
Analytic methods of economic evaluation are applied in health care to address the fundamental economic question of how to allocate scarce health care resources to maximise health gain. This course teaches the latest methods for performing a cost-effectiveness analysis of a healthcare intervention.
Standards of best practice in economic evaluation, required by health technology assessment and reimbursement agencies, and more recently by leading journals, have become more explicit and more demanding over time. The course provides the expertise to use and interpret the guidelines issued by official and professional bodies.
In addition, health economists are increasingly involved in complex studies: for example, conducting economic evaluations alongside large pragmatic trials running over a long period of time with multiple comparisons, multiple endpoints and incomplete patient specific data on resource use and quality of life. Furthermore, even the largest and longest clinical trials do not remove the need for economic modeling, which may be required before, during, after and instead of trials. The course provides the tools for conducting such evaluations, alongside an introduction to economic modeling. The exercises that form part of the course enable participants to learn the techniques by direct experience.
Who the course is for
The course is designed for those who need to perform cost-effectiveness analysis in healthcare and those who need to understand in some depth the issues that health economists face when performing these analyses, hence, researchers and decision makers from public, commercial and academic organizations concerned with healthcare resource allocation. In the many years that the course has been running participants have come from a wide variety of organizations and from all over the world. If you are unsure as to whether the course is suitable for you, please email and we will be happy to advise.
There are no formal prerequisites for attendance, but participants need to be familiar with Microsoft Excel, and to have some prior knowledge of the principles of economic evaluation. HERC also runs an ‘Introduction to Health Economic Evaluation’, designed for non-economists, which some have found to be useful to attend prior to undertaking this course.
If you do not feel confident working in Excel, please click HERE to assess your competency prior to attending the course.
We also strongly recommend that you have access to two screens for the duration of the course: one to watch the presentations and the other to view the materials.
Aims of the course
• To provide detailed study of the methods of cost-effectiveness analysis for health care interventions
• To give participants ‘hands on’ experience through the use of computer-based exercises with real data
• To broaden the knowledge base of researchers through the use of practical examples and problems
The course consists of daily LIVE sessions (1-6pm UK time Mon-Thurs, 1-5pm Fri) and will not be recorded. Therefore, to gain the maximum benefit, please ensure you are able to attend the live sessions. On the first day (Monday) we will provide an introduction to HERC, a course overview and a software orientation, with a guest speaker at 4pm. The sessions on Tuesday-Friday will be taught sessions and will include presentations, exercises in break-out rooms (supported by tutors) and multiple opportunities for participants to ask questions.
The four taught sessions cover the following topics:
- Health outcomes
- Resource use and costs
- Decision analysis and modelling
- Reporting and presenting cost-effectiveness results
This course is taught in English and a certificate of completion will be issued post course.
Note: Some of the exercises require the use of TreeAge software - of which a student license (6 months), will be included in the course fee and issued prior to the course taking place.
For enquiries, please contact the HERC Administration team at email@example.com