Deriving Input Parameters for Cost-Effectiveness Modeling- Taxonomy of Data Types and Approaches to Their Statistical Synthesis

Jul 1, 2012, 00:00
10.1016/j.jval.2012.02.009
https://www.valueinhealthjournal.com/article/S1098-3015(12)00059-9/fulltext
Title : Deriving Input Parameters for Cost-Effectiveness Modeling- Taxonomy of Data Types and Approaches to Their Statistical Synthesis
Citation : https://www.valueinhealthjournal.com/action/showCitFormats?pii=S1098-3015(12)00059-9&doi=10.1016/j.jval.2012.02.009
First page : 639
Section Title : Economic Evaluation
Open access? : Yes
Section Order : 6

Background

The evidence base informing economic evaluation models is rarely derived from a single source. Researchers are typically expected to identify and combine available data to inform the estimation of model parameters for a particular decision problem. The absence of clear guidelines on what data can be used and how to effectively synthesize this evidence base under different scenarios inevitably leads to different approaches being used by different modelers.

Objectives

The aim of this article is to produce a taxonomy that can help modelers identify the most appropriate methods to use when synthesizing the available data for a given model parameter.

Methods

This article developed a taxonomy based on possible scenarios faced by the analyst when dealing with the available evidence. While mainly focusing on clinical effectiveness parameters, this article also discusses strategies relevant to other key input parameters in any economic model (i.e., disease natural history, resource use/costs, and preferences).

Results

The taxonomy categorizes the evidence base for health economic modeling according to whether 1) single or multiple data sources are available, 2) individual or aggregate data are available (or both), or 3) individual or multiple decision model parameters are to be estimated from the data. References to examples of the key methodological developments for each entry in the taxonomy together with citations to where such methods have been used in practice are provided throughout.

Conclusions

The use of the taxonomy developed in this article hopes to improve the quality of the synthesis of evidence informing decision models by bringing to the attention of health economics modelers recent methodological developments in this field.

Categories :
  • Cost-comparison, Effectiveness, Utility, Benefit Analysis
  • Economic Evaluation
  • Meta-Analysis & Indirect Comparisons
  • Study Approaches
Tags :
  • aggregate data
  • decision analytic models
  • economic evaluation
  • evidence synthesis
  • individual patient data
  • meta-analysis
Regions :
  • Global
ViH Article Tags :