HLTH07037 2020 Decision Analytic Modelling
The aim of this module is to provide students with the core concepts and applications of undertaking economic analysis of healthcare interventions using decision analytic modelling techniques. Decision analytic modelling includes estimating the costs, outcomes and cost-effectiveness of different interventions relative to a status quo or standard of care in healthcare delivery and public health. In particular, these methods are often employed to assess the value of new pharmaceuticals, medical devices and patient management programmes as a basis for health systems to determine whether they should be funded given financial constraints requiring priority setting.
On completion of this module the learner will/should be able to;
To understand the role of decision modelling in economic evaluation to guide decision making
To become familiar with the terminology and functionality of basic building blocks of decision analysis
To be able to implement the principles of conceptual modelling as a way of planning a model
To be able to implement key generic analytic steps in decision analytic modelling such as evidence identification and basic synthesis, sensitivity analysis and reporting results
Teaching and Learning Strategies
Teaching and learning for this module will be carried out through a combination of online lectures, computer based critical appraisal and online practical's. Blended learning approaches will be adapted consistent with digital learning paradigms.
Online delivery of 2 lectures per week with self directed learning. Guidance provided on relevant areas for self directed learning.
Online delivery of 2 hour workshop weekly, where students will be directed to complete interactive type activities to enhance their study skills and knowledge.
Question and answer sessions provided in the live classroom.
A variety of methods of instruction such as discussion, group work, interactive exercises, use of online resources and/or use of audio/visual material will be provided. Core skills will be embedded into all modules to ensure all students have an equal opportunity to succeed. This may include academic writing, oral presentations, reading techniques or research abilities. Accessible materials will be provided to students, including slides, documents, audio/visual material and textbooks enabling students slow down speed up recordings etc in accordance with universal distance learning.
All module content will be based on the principles of UDL to ensure equitable access to content and learning.
Module Assessment Strategies
This module will be assessed by continuous assessment (100%).
Repeat examination will follow a similar format as applicable.
Concepts of economic evaluation; priority setting in healthcare planning and delivery; framing, planning and conceptualising economic models; developing a economic decision problem; decision trees and Markov models; techniques for modelling diagnostics; evidence identification, synthesis and calibration; interpretation and presentation of results; and internal and external validation approaches.
Coursework & Assessment Breakdown
|Title||Type||Form||Percent||Week||Learning Outcomes Assessed|
|1||CA1: Evidence review||Continuous Assessment||Assessment||25 %||Week 6||2,4|
|2||CA2: Develop of excel-based economic model||Continuous Assessment||Assessment||25 %||Week 9||1,2,3|
|3||CA3: Economic Evaluation Report||Continuous Assessment||Assessment||50 %||Week 13||1,2,3,4|
Full Time Mode Workload
|Problem Based Learning||Online||Problem-based Learning Practical||2||Weekly||2.00|
|Independent Learning||Not Specified||Independent Learning||5||Weekly||5.00|
Required & Recommended Book List
2006-08-18 Decision Modelling for Health Economic Evaluation OUP Oxford
ISBN 9780191592973 ISBN-13 0191592978
In financially constrained health systems across the world, increasing emphasis is being placed on the ability to demonstrate that health care interventions are not only effective, but also cost-effective. This book deals with decision modelling techniques that can be used to estimate the value for money of various interventions including medical devices, surgical procedures, diagnostic technologies, and pharmaceuticals. Particular emphasis is placed on the importance of the appropriate representation of uncertainty in the evaluative process and the implication this uncertainty has for decision making and the need for future research. This highly practical guide takes the reader through the key principles and approaches of modelling techniques. It begins with the basics of constructing different forms of the model, the population of the model with input parameter estimates, analysis of the results, and progression to the holistic view of models as a valuable tool for informing future research exercises. Case studies and exercises are supported with online templates and solutions. This book will help analysts understand the contribution of decision-analytic modelling to the evaluation of health care programmes. ABOUT THE SERIES: Economic evaluation of health interventions is a growing specialist field, and this series of practical handbooks will tackle, in-depth, topics superficially addressed in more general health economics books. Each volume will include illustrative material, case histories and worked examples to encourage the reader to apply the methods discussed, with supporting material provided online. This series is aimed at health economists in academia, the pharmaceutical industry and the health sector, those on advanced health economics courses, and health researchers in associated fields.
2005 Methods for the Economic Evaluation of Health Care Programmes Oxford University Press, USA
ISBN 0198529457 ISBN-13 9780198529453
The highly successful textbook Methods for the Economic Evaluation of Health Care is now available in its third edition. Over the years it has become the standard textbook in the field world-wide. It mirrors the huge expansion of the field of economic evaluation in health care. This new edition builds on the strengths of previous editions being clearly written in a style accessible to a wide readership. Key methodological principles are outlined using a critical appraisal checklist that can be applied to any published study. The methodological features of the basic forms of analysis are then explained in more detail with special emphasis of the latest views on productivity costs, the characterization of uncertainty and the concept of net benefit. The book has been greatly revised and expanded especially concerning analyzing patient-level data and decision-analytic modeling. There is discussion of new methodological approaches, including cost effectiveness acceptability curves, net benefit regression, probalistic sensitivity analysis and value of information analysis. There is an expanded chapter on the use of economic evaluation, including discussion of the use of cost-effectiveness thresholds, equity considerations and the transferability of economic data. This new edition is required for anyone commissioning, undertaking or using economic evaluations in health care, and will be popular with health service professionals, health economists, pharmacists and health care decision makers. It is especially relevant for those taking pharmacoeconomics courses.
2010-10-14 Applied Methods of Cost-effectiveness Analysis in Healthcare OUP Oxford
ISBN 9780191008030 ISBN-13 0191008036
The third volume in the Handbooks in Health Economic Evaluation series, this book provides the reader with a comprehensive set of instructions and examples of how to perform an economic evaluation of a health intervention. It focuses solely on cost-effectiveness analysis in health care. The book is developed out of the Advanced Methods of Cost-Effectiveness Analysis course taught at the University of Oxford and the four main sections mirror the four principal components of the course: Outcomes, Costs, Modelling using decision tress and Markov models, and Presenting cost-effectiveness results.&L ABOUT THE SERIES Series editors Alastair Gray and Andrew Briggs Economic evaluation of health intervention is a growing specialist field, and this series of practical handbooks tackles, in depth, topics superficially addressed in more general economics books. Each volume includes illustrative material, case histories and worked examples to encourage the reader to apply the methods discussed, with supporting material provided online. The series is for health economists in academia, the pharmaceutical industry and the health sector, those on advanced health economics courses, and health researchers in associated fields.
A range of online resources and applications will be used.