What Should Go Where: The Thin Line Between Uncertainty Analysis and Model Validation

Author(s)

Discussion Leader: Claire Rothery, PhD, Centre for Health Economics, University of York, York, NYK, UK
Discussants: Talitha Feenstra, PhD, Department of Epidemiology, University Medical Center Groningen, Groningen, Netherlands; Salah Ghabri, PhD, Department of Economic and Public Health Evaluation, French National Authority for Health (HAS), Saint-Denis La Plaine, 75, France; Isaac Corro Ramos, PhD, Erasmus University Rotterdam, institute for Medical Technology Assessment, Eindhoven, NB, Netherlands

PURPOSE: Highlight and discuss relationships between model validation and uncertainty analysis. Develop suggestions on whether, and how, to keep these aspects separated.

DESCRIPTION: Model validation and uncertainty analysis are closely related. Both are recommended in Guidelines for the Economic Evaluation of Health Technologies. ISPOR good practice recommendations and tools for implementation are available. However, the interrelationship between both aspects has not been fully explored.

Uncertainty analysis is performed assuming health-economic models and input data are valid. In contrast, model validation cannot be performed without paying attention to model uncertainty. This holds especially true for validating model outcomes against empirical data. An important question is how best to weigh these two aspects into policy decisions and assess how they impact decision (un)certainty.

The workshop starts with an overview of the problem by the moderator, an expert in uncertainty and value-of-information analysis. (5 minutes-CR)

An explanation of common validation elements, e.g. external and face validity, will follow. Various types of uncertainty (structural, methodological, and parameter uncertainty) will be discussed and connected to different elements of validation. This provides a common terminology for the rest of the workshop. (15 minutes-TF)

We point out existing good practice guidelines, focusing on operationalising model validity in relation to parameter and decision uncertainty. This will be highlighted using examples of economic evaluation of anti-cancer medication. (15 minutes-SG)

Finally, we discuss how aspects of model validity and uncertainty have influenced reimbursement decisions in the UK. (15 minutes-ICR)

AUDIENCE INTERACTIVE ELEMENT

Between-presentations questions are permitted (5 minutes). The audience participates in an exercise with the purpose of identifying how model validation and uncertainty can be operationalised and weighted in healthcare decision-making. Speakers present examples of different validation/uncertainty elements expected to influence policy recommendations. The audience will judge these examples before/after the presentations (by e-voting). Results will be discussed (10 minutes-CR moderates).

Conference/Value in Health Info

2021-11, ISPOR Europe 2021, Copenhagen, Denmark

Code

116

Topic

Methodological & Statistical Research

Explore Related HEOR by Topic


Your browser is out-of-date

ISPOR recommends that you update your browser for more security, speed and the best experience on ispor.org. Update my browser now

×