Health Economics and policy Research

Health political economy modelling

Modelling is an important a part of health economic analyses. It’s a central tool for authorities, consultants and payers to support decision-making concerning care resource utilization. With the assistance of modelling, fragmented analysis knowledge, observations and experiences, also as even assumptions, area unit compiled into a synthesis that aims at anticipating and predicting the impact of care interventions on people, patient teams, care and therefore the society. Modelling is additionally a fashion of managing concern associated with a particular development with sensitivity analyses. A perfect model not solely responds to the choice maker’s question on the foremost doubtless outcome however additionally on the question regarding the probability of utmost situations and therefore the credibleness of the results. In its utmost general kind, modelling relates to the cost-effectiveness of associate intervention. This suggests that the prices – i.e. the employment of care resources (direct costs) and potential production losses (indirect costs) – area unit examined beside the health advantages of the intervention.