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Introduction to Health Economics

Level:
Foundation
Area:
Professional Techniques
Code:
PTF20
Duration:
03:30:00
Workshop profile:
The workshop will be non-technical and will assume no previous economic or statistical knowledge. It will benefit medical writers of all backgrounds who want an introduction to the rapidly growing field of health economics and its use in medical decision making.
Objective:
The workshop will provide an introduction to some of the key concepts and terminology in health economics, as relevant to drug and device development, reimbursement and market access. The aim is to increase medical writers’ confidence in working with the concepts presented.
Content:
The workshop will cover the following topics: • What is health economics? Why do we need a ‘fourth hurdle’? • The use of health economics in medical reimbursement across Europe • Health-related quality of life/utility: what it is it, and how is it measured? • Key principles of cost-effectiveness and economic evaluation. The terminology used and the importance of a reference case • A short introduction to health economic modelling and the importance of incorporating uncertainty in reimbursement decision-making • Health economics in clinical trials – what data needs to be collected and when?