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Health economic assessment: a methodological primer.
1Research Centre for Pharmaceutical Care and Pharmaco-economics, Faculty of Pharmaceutical Sciences, Katholieke Universiteit Leuven, Leuven, Belgium. steven.simoens@pharm.kuleuven.be
Summary
This review introduces health economic assessment methods for health technologies. It covers cost studies, economic evaluations, and budget impact analyses, defining key terms for understanding resource allocation.
Area of Science:
- Health Economics
- Health Technology Assessment
- Pharmacoeconomics
Background:
- Health economic assessments are crucial for evaluating the value of health technologies.
- Understanding the methodologies ensures robust and transparent evaluations.
- Standardized approaches are needed for comparing different healthcare interventions.
Purpose of the Study:
- To provide a comprehensive introduction to health economic assessment methodologies.
- To define fundamental concepts and terms in health economic evaluations.
- To guide researchers and policymakers in conducting and interpreting these assessments.
Main Methods:
- Review of established methodologies for cost studies, economic evaluations, and budget impact analyses.
- Explanation of key components: resource use identification, measurement, valuation, and cost calculation.
- Description of economic evaluation types, cost-effectiveness plane, trial- and model-based approaches, discounting, sensitivity, and incremental analyses.
Main Results:
- Detailed explanation of the steps involved in conducting a cost study.
- Comprehensive overview of different types of economic evaluations and their analytical tools.
- Guidance on performing budget impact analyses to assess financial consequences.
Conclusions:
- A clear understanding of health economic assessment methodology is essential for evidence-based decision-making.
- This review provides a foundational framework for conducting and understanding these vital assessments.
- Further resources are recommended for advanced study in health economic assessment.
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