Model-based Health Economic Evaluation - PDM1208

Demand for healthcare is increasing in Australia and globally, driven by ageing populations and the increased prevalence of chronic diseases. It is critical that resources are allocated efficiently and equitably so that health systems remain sustainable into the future, while also maximising positive health outcomes across the population. Model-based economic evaluations involve the use of health economic models to simulate and analyse the economic impact of various healthcare decisions, interventions and policies. It is noted a basic proficiency of Excel is required.

At a glance

Fees

  • $900 for 1 day
  • $1,600 for 2 days

Early Bird Discounts

  • $800 for 1 day
  • $1,500 for 2 days

Alumni discounted fees

10% discount for undergraduate and postgraduate students, Monash University staff and alumni, and Alfred Research Alliance members

Who should attend

This course is targeted to anyone who is interested in real-world applications of model-based economic evaluation, including those working in consultancy, pharmaceutical companies, government or health professionals.

What you will learn

On completion of this course, participants will be able to:

  • Describe core concepts and recognise key terminology relating to health economic modelling in an academic and professional setting.
  • Implement the steps required to conceptualise, plan and implement a health economic modelling project.
  • Critically appraise alternative approaches for constructing health economic models and summarise the implications of each choice.
  • Differentiate between the various types of uncertainty associated with health economic models; and independently evaluate the impact of model-related uncertainty through the application of uncertainty analysis and risk analysis methods.
  • Design and produce a decision tree model, Markov model and life table model.
  • Identify factors that can limit a model’s ability to influence real-world decision making; describe the steps required to verify and validate a model, and checklists that can be used to appraise the quality of other health economic models.

Program structure

Day 1

  • Module 1: Introduction to health economic evaluation
  • Module 2: Introduction to model-based economic evaluation
  • Module 3: Steps in developing an economic evaluation model

Day 2

  • Module 1A: Decision tree models (with practical exercises in Excel)
  • Module 2B: Sensitivity analysis and uncertainty analysis
  • Module 2: Markov models
  • Module 3: Real-world application of health economic models

Dr Long Le

Senior Research Fellow, SPHPM Health Economics Group

Dr Long Le is a Senior Research Fellow at Health Economics Division, based at School of Public health and Preventive Medicine. He is also an external scientific writer for the Joanna Briggs Institute, University of Adelaide. He obtained his PhD from Deakin University in 2018, focusing on evaluating cost-effectiveness of preventive and treatment interventions for eating disorders. Dr Le was an  Alfred Deakin Postdoctoral Research Fellow at Deakin University from 2018 to 2022. He has extensive academic and research experience in trial-based economic evaluations and has a strong focus on modelling techniques to evaluate the cost-effectiveness of interventions for mental disorders. He currently provides support with the design, conduct and analysis of economic evaluations alongside clinical trials across various health conditions.

Dr Yong Yi Lee

Senior Research Fellow, SPHPM Health Economics Group

Dr Yong Yi Lee is a Senior Research Fellow at the Health Economics Group within the School of Public Health and Preventive Medicine (SPHPM) at Monash University; and an adjunct fellow with affiliations at The University of Queensland (UQ) School of Public Health and the Queensland Centre for Mental Health Research (QCMHR). His qualifications include a Doctor of Philosophy (UQ: 2019), Master of Health Economics (UQ: 2011) and a Bachelor of Health Science (Hons) / Commerce (UWA: 2008). Dr Lee's research involves the application of economic evaluation methods and modelling techniques to evaluate the cost-effectiveness of interventions for the prevention and treatment of mental health conditions and other non-communicable diseases. Over the course of his career, Dr Lee has developed deep expertise in conducting trial-based and model-based health economic evaluations in Australia and across the globe. This includes a range of projects for: the World Health Organization (WHO); the Australian Government Department of Health, Disability and Aged Care (DoHDA); Queensland Health; the National Mental Health Commission; and various clinical trials funded by the MRFF and NHMRC.

https://www.monash.edu/medicine/sphpm/study/professional-education/terms-and-conditions