Valuation of Preference-Based Measures: Could Borrowing Strength from Existing Countries' Valuations Produce Better Estimates

Author(s)

Kharroubi S
American University of Beirut, Beirut, Lebanon

OBJECTIVES

Valuations of preference-based measure such as EQ-5D and/or SF6D have been conducted in different countries. There is a scope of borrowing strength from existing countries’ valuations to generate better representative utility estimates. This is explored using two case studies modelling UK data alongside Japan samples to generate Japan estimates.

METHODS

Data from two SF-6D valuation studies were analyzed where, using similar standard gamble protocols, values for 241 and 249 states were devised from representative samples of Japan and UK general adult populations, respectively. Two nonparametric Bayesian models were applied to estimate a Japan value set, where the UK results were used as informative priors in the first model and subsets of the Japan dataset for 25 and 50 health states were modelled alongside the full UK dataset in the second. Generated estimates were compared to a Japan value set estimated using Japan values alone using different prediction criterion.

RESULTS

The results allowed the UK data to provide significant prior information to the Japan analysis by generating better estimates than using Japan data alone. Also, using Japan data elicited for 50 health states alongside the existing UK data produces roughly similar predicted valuations as the Japan data by itself.

CONCLUSIONS

The promising results suggest that the existing preference data could be combined with data from a valuation study in a new country to generate preference weights, thus making own country value sets more achievable for low-middle income countries. Further research and application to other countries and preference-based measures are encouraged.

Conference/Value in Health Info

2021-05, ISPOR 2021, Montreal, Canada

Value in Health, Volume 24, Issue 5, S1 (May 2021)

Code

PNS95

Topic

Economic Evaluation, Methodological & Statistical Research, Patient-Centered Research

Topic Subcategory

Cost-comparison, Effectiveness, Utility, Benefit Analysis, Health State Utilities

Disease

No Specific Disease

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