Health Economic Modelling Tool

About

We have developed a novel modelling platform for performing economic evaluations of new pharmaceuticals, devices and other health technology assessments This new flexible tool for modellers designed to offer the following advantages over current modelling techniques: Builds and runs models simply and creatively Performs cost-effectiveness analyses faster and more accurately than techniques currently available Significantly reduces time required for building and populating models Straightforward input of data for non-technical users. Whether you are a company or consultant wanting to demonstrate the cost-effectiveness of a new product, or a university researcher interested in determining the comparative efficiency of competing health interventions, health economic analysis plays a pivotal role in modern decision analysis. We have developed a ground-breaking new web-based modelling platform that not only increases the accuracy and speed of running economic models but also reduces the time taken to prepare and assemble models from weeks to just a few hours. The system also enables users to test many more potential scenarios than currently possible using existing techniques in order to optimise cost-effective solutions. All the data outputs are available in real-time and assumptions can be interrogated iteratively and models updated as new data becomes available. The method has been carefully tested against well-known Markov Chain procedures and other related techniques and have shown a high degree of agreement with no statistical difference detected. Importantly the novel modelling platform can execute these results in less than ten thousandth of the time.