Overview of pharmacoeconomic modelling methods

Ademi, Z.; Kim, H.; Zomer, E.; Reid, Christopher; Hollingsworth, B.; Liew, D.

doi:10.1111/j.1365-2125.2012.04421.x

Access Status

Open access via publisher

Authors

Ademi, Z.

Kim, H.

Zomer, E.

Reid, Christopher

Hollingsworth, B.

Liew, D.

Date

2013

Type

Journal Article

Metadata

Show full item record

Citation

Ademi, Z. and Kim, H. and Zomer, E. and Reid, C. and Hollingsworth, B. and Liew, D. 2013. Overview of pharmacoeconomic modelling methods. British Journal of Clinical Pharmacology. 75 (4): pp. 944-950.

Source Title

British Journal of Clinical Pharmacology

DOI

10.1111/j.1365-2125.2012.04421.x

ISSN

0306-5251

School

Department of Health Policy and Management

URI

http://hdl.handle.net/20.500.11937/25974

Collection

Curtin Research Publications

Abstract

In the current climate of burgeoning health care costs, pharmacoeconomics is becoming increasingly important, but knowledge about pharmacoeconomic methods is limited among most clinicians. This review provides an introduction to, and overview of, common methods used in pharmacoeconomic modelling: decision analysis, Markov modelling, discounting and uncertainty analyses via Monte Carlo simulation. It will conclude with a suggested approach to reading and appraising published pharmacoeconomic analyses. © 2012 The British Pharmacological Society.