Our expertise in economic modelling theory and practice is unrivalled. Economic modelling is conducted to identify and quantify the value proposition and illuminate the strengths and weaknesses of the value argument.
Our needs assessments determine the optimum modelling approach for each project. Economic models are built to present the appropriate solution: from simple models to illustrate a straightforward value argument, or highly detailed models that represent complex therapeutic outcomes.
Our economic modelling toolset comprises:
- Decision trees
- Markov modelling
- Monte Carlo simulation/patient level modelling
- Discrete event simulation, and
- Probabilistic / Bayesian sensitivity analysis