Separate or hybrid economic models?
The Pros and Cons of Using a Single Economic Model for Both Budget Impact and Cost-Effectiveness Analyses Those with experience in health economics will likely have their own perspective on this topic. There are multiple advantages and disadvantages to using a hybrid model that accommodates both a Budget Impact (BI) Analysis and a Cost-Effectiveness (CE) […]
Managing Uncertainty via Deterministic Sensitivity Analysis
Simulating the financial impact of introducing a new technology inherently involves uncertainty. As a result, the central outcome should be seen as an indicative reference for decision-makers who must assess whether the implementation of the new technology aligns with its clinical added value. In one of our previous blogs (“How to Deal with Uncertainties“), we […]
Incidence versus prevalence in economic studies
Some of our clients struggle with “incidence” and “prevalence”, specifically their application in budget impact analysis (set up of a patient flow). Based on our daily analyses, we are happy to share our insights. To start, both concepts must be well understood. We will illustrate them using patients with a specific condition, for example, patients […]
Model hygiëne
If you’re familiar with simulation models you will undoubtedly recognize this… Once the simulation model is made available, you dive into it with the usual enthusiasm. Selection options are traced and (dynamic) input fields and result areas are located. At first glance, everything looks flawless. The model seems to be working well and the supplier […]
How to compare 2 data sets?
In our former blog, we stipulated the need for reliable clinical data when comparing 2 interventions. But, how to define ‘reliable clinical data’? Even when data are scientifically correct the way they are used in comparisons can reduce the reliability of the results. No need to say that decision makers prefer to see an analysis […]
Inflation vs discounting
All market access colleagues involved in the preparation of economic files will be confronted with the aspect of inflation. There are 2 viewpoints versus ‘today’. We can analyse the past or we can estimate the future. In general, most countries rely on official numbers from national offices for statistics like StatBel in Belgium or the […]
How to estimate market shares?
Let’s start with the hypothesis that your innovation will take a 60% market share. What does this percentage mean from your point of view? The estimation you provide will probably be correct. And posing this question to an audience familiar with marketing and sales will probably, again, elicit the correct answers. But comparing all the […]
Epidemiology data: the creation of spot-on assessments
A robust budget impact estimation starts with knowledge about the volume of patients that can benefit from the concerned innovation. But, how to best estimate the optimal target population? We see quite a bit of variance between dossiers by different companies in the applied methodology. The selected method can be driven by the type of […]