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Introduction to Best Practices for Country Adaptations of Economic Models- Virtual
LEVEL: Intermediate
TRACK: Economic Evaluation
LENGTH: 4 Hours | Course runs 2 consecutive days, 2 hours each day
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Wednesday, 2 October 2024 | Course runs 2 consecutive days, 2 hours per day
10:00AM–12:00PM Eastern Daylight Time (EDT)
14:00PM–16:00PM Coordinated Universal Time (UTC)
16:00PM–18:00PM Central European Summer Time (CEST)
Thursday, 3 October 2024 | Course runs 2 consecutive days, 2 hours per day
10:00AM–12:00PM Eastern Daylight Time (EDT)
14:00PM–16:00PM Coordinated Universal Time (UTC)
16:00PM–18:00PM Central European Summer Time (CEST)
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DESCRIPTION
Local economic models, adapted from a global model, are routinely used in many countries as a tool for payers around the world to optimize healthcare investment and reimbursement decisions. Following best practices for country adaptations is crucial to ensure the contextual relevance of the local environment and generalizability of the global model are reflected in each adapted model. This course is designed to provide an overview of principles and techniques required to adapt health economic models to different geographic regions of the world with various levels of health technology assessment (HTA) use and income levels. After a brief overview on why country-specific adaptations are valuable or necessary at various stages of each health technology’s life cycle, a summary of key country-specific factors influencing economic evaluations and typical value drivers will be presented. Participants will be introduced to a checklist that delineates steps for customizing model design for the local environment. Using case studies and real-world examples, participants will explore methods for identifying and selecting data and adjusting parameters to reflect local healthcare settings, the treatment landscape, and patient characteristics. The course concludes with a hands-on adaptation exercise applying the concepts learned to adapt a hypothetical economic model to a specific country. Participants are invited to bring a laptop computer with Microsoft Excel installed for use during the practical exercise.
PREREQUISITE: Familiarity with principles of economic evaluation of healthcare technologies will be important.
Faculty
Kyle Paret, PhD
Associate Director, Health Economics
RTI Health Solutions
Research Triangle Park, NC, USA
Nathorn Chaiyakunapruk, PharmD, PhD
Professor
University of Utah College of Pharmacy
Salt Lake City, UT, USA
Naoko Ronquest, PhD
Executive Director, Health Economics
RTI Health Solutions
Research Triangle Park, NC, USA
Isobel Pearson, DPhil
Senior Director, Health Economics, Health Technology Assessment
RTI Health Solutions
Research Triangle Park, NC, USA
Basic Schedule:
4 Hours | Course runs 2 consecutive days, 2 hours each day
ISPOR short courses are designed to enhance knowledge and techniques in core health economics and outcomes research (HEOR) topics as well as emerging trends in the field. Short courses offer 4 or 8 hours of premium scientific education and an electronic course book. Active attendee participation combined with our expert faculty creates an immersive and impactful learning experience. Short courses are not recorded and are only available during the live course presentation.
