We are delighted to support the US based Institute for Clinical and Economic (ICER) in launching a dedicated interactive modelling platform hosting a wide variety of cost-effectiveness and budget impact models developed by ICER and their partner academic modelling groups. We strongly believe that this modelling platform has the potential to substantially advance users’ understanding of the health economic models and specifically bring more clarity to the relation between inputs and the results as well as to improve an overall clarity and transparency around cost-effectiveness models.
HEOR is a field of Economic Evaluations of Healthcare Technologies
Health Economics and Outcomes Research (HEOR) is an area of economic analyses that deals with the studies and mathematical models (simulations) based on available clinical, epidemiological, economic data and published evidence to inform rational and evidence based decision making. HEOR deals with allocation of funds for healthcare purchasing, evaluations of the value for money of healthcare technologies, drugs and medical devices in order to inform budgeting and change in clinical practice decisions. Healthcare payers (government, insurance companies, hospitals) operating under constrained budgets are always seeking to maximise the output (value, health, procedures) subject to limited financial resources and other constraints (technical, time, legal, management changes).