Introduction to Health Economic Modelling

Provider: Monash Institute for Health and Clinical Education

 

Day 1, ‘Introduction to Health Economic Modelling’:

A practical 1-day course covering the basics of health economics, health technology assessment and common methods used for undertaking economic evaluations. During the course, participants will gain an understanding of decision analysis, Markov modelling, life table analysis and Monte Carlo simulation for uncertainty and sensitivity analyses. The course will involve ‘hands-on’ exercises using Microsoft Excel. Participants will need to bring their own laptop computers.

This course is suited to people who wish to get started in health economic modelling, including those from academia, government and industry.

Learning Outcomes:

  • Gain an understanding of the principles of health technology assessment
  • Develop basic practical skills in decision analysis, Markov modelling, life table analysis and Monte Carlo simulation using Microsoft Excel

Day 2, ‘Health Economic Modelling in Microsoft Excel’

A hands-on 1-day course that provides practical skills in health economic modelling using decision analysis, Markov modelling, life table analysis and Monte Carlo simulation for uncertainty and sensitivity analyses.

Participants will need to bring their own laptop computers, and pre-install a free, trial version of the Excel macro ‘@RISK’ from Palisade Corporation not longer than 3 days before the short course. The software package can be downloaded from here: http://go.palisade.com/RISKDownload.html

Participants will build mock health economic models, progressively building on their skills throughout the day.

Learning Outcomes:

  • Develop proficiency in decision analysis, Markov modelling and life table analysis
  • Develop proficiency in Monte Carlo simulation using Microsoft Excel and @RISK

Course Director:

Professor Danny Liew is the Chair of Clinical Outcomes Research at Monash University and a consultant physician in Clinical Pharmacology and General Medicine at the Alfred Hospital, Melbourne. Danny’s research capacity and interests lie in epidemiology, clinical trials, health services research and health economics. His research productivity is highlighted by over 200 peer-reviewed journal articles, 7 book chapters and over $40 million in NHMRC, ARC and CRC research funding. Danny has significant experience in the modelling of the benefits and costs of healthcare interventions, and has a detailed understanding of healthcare reimbursement in Australia and other global markets. He has been involved in numerous PBAC submissions.

Dates & Times: Thurs 26 & Fri 27 July 2018, 8am – 5pm

Venue: The Alfred Medical Research and Education Precinct, Melbourne (AMREP)

Cost:

  • Standard 2 days $1600 incl GST
  • Standard 1 day  $900 incl GST
  • Student 2 days $900 incl GST
  • Student 1 day  $450 incl GST

Register here: https://www.monash.edu/medicine/healthed-institute/courses/introduction-to-health-economic-modelling

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