De-mystifying health economic model classifications and structures

Pharma Market Access Insights - from Mtech Access

What is health economic evaluation and which modelling approaches can be used to support market access activities?
In this episode, our expert health economists explain the key strengths and limitations of the most common health economic modelling classifications and structures. Here, Hannah Gillies (Consultant – Health Economics) and Daniel MacDonald (Associate Consultant – Health Economics) de-mystify the different approaches to health economic modelling.
Our specialists explore six of the most common health economic modelling structures used to support market access activities;
- Decision trees
- Markov models
- Semi-Markov models
- Partitioned survival models
- Cox regression models
- Discrete event simulations
This episode was first broadcast as a live webinar in January 2024. For more information or to request a copy of the slides used, please visit: https://mtechaccess.co.uk/de-mystifying-health-economic-models/
Work with our health economists: https://mtechaccess.co.uk/health-economics/

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1. Introductions (00:00:00)

2. Why is health economic evaluation needed? (00:03:38)

3. Health economic evaluation in HTA systems around the world (00:06:58)

4. Introduction to cost-effectiveness modelling (00:09:41)

5. Selecting the right health economic model structure (00:15:08)

6. Types of health economic model (00:18:42)

7. Cohort versus patient-level approach (00:19:41)

8. Decision trees (00:22:18)

9. Markov models (00:26:50)

10. Semi-Markov models (00:30:49)

11. Discrete event simulations (00:37:13)

12. Cox regression models (00:43:05)

13. Partitioned survival model (00:47:51)

14. Hybrid modelling approaches (00:51:40)

15. Selecting a model structure - Brennan's taxonomy (00:55:46)

16. 10 things to ask when selecting a model structure (00:56:29)

17. Modelling support and training from Mtech Access (00:59:14)