Session Details

AM04: Applied Cost-Effectiveness Modeling with R
(Event: SMDM 42nd Annual Meeting: Virtual Meeting)

Oct 13, 2020 9:00AM - Oct 13, 2020 12:00PM
Session Type: Short Course- AM 1/2 Day

Description
Background

Historically, economic models for cost-effectiveness analyses have been developed with specialized commercial software (such as TreeAge) or more commonly with spreadsheet software (almost always Microsoft Excel). But more recently there has been increasing interest in using R and other programming languages for cost-effectiveness analysis, which can offer advantages regarding the integration of input parameter estimation and model simulation, the evaluation of structural uncertainty, quantification of decision uncertainty, incorporation of patient heterogeneity, and computational efficiency, among others. Programming languages such as R also facilitate reproducibility of model-based cost-effectiveness analysis, which is more relevant than ever given recent calls for increased transparency. While these tools are still relatively new, there is an increased interest in learning opportunities as evidenced by recent tutorials, workshops, and development of open-source software.

Course Type
Half Day
Course Level
Intermediate
Format Requirements

The course consists of different modules consisting of short slide presentations explaining economic modeling topics followed by applied examples programmed using R. Participants will be asked to modify the models (e.g. adding health states, use of alternative time-to-event distributions) and run analyses (e.g. cost-effectiveness analysis, probabilistic sensitivity analysis, evaluating structural uncertainty, and value of information analysis). The course has been designed to be provided online. All participants will have access to a GitHub repository and website prior to the course that will contain (i) R code to run the economic models, and (ii) R Markdown files to explain and reproduce the analyses covered in the course. Participants will work through examples on a cloud based server with R, RStudio, and required packages preinstalled.

Description & Objectives
The course will begin with a background on why and how R can be used for cost-effectiveness modeling. A model taxonomy will be provided and participants will learn how to use R to develop a number of different types of economic models to perform cost-effectiveness analysis. Economic models will include time-homogeneous and time-inhomogeneous Markov cohort models, partitioned survival models, and semi-Markov individual patient simulations. The underlying assumptions of each model type will be summarized and the implementation in R will be presented in an accessible manner. Furthermore, the course will cover how to use simulated costs and QALYs from a probabilistic sensitivity analysis for decision-analysis within a cost-effectiveness framework, and how to produce representations of decision uncertainty (e.g. cost-effectiveness planes, cost-effectiveness acceptability curves, and cost-effectiveness acceptability frontiers), and conduct value of information analysis. The course will conclude with an illustrative R Shiny web application for one of the economic models to demonstrate how R code can be used to create an interactive user interface to facilitate transparency for a non-technical audience.

After completion of the course, participants will be able to:

  1. Understand how R can be used to perform model-based cost-effectiveness analysis with existing packages;
  2. Develop their own models in R by modifying existing code for commonly used model types;
  3. Understand how using R can improve reproducibility and transparency of model-based cost-effectiveness analysis
Course Director

  

Session Fees
Fee TypeMember FeeNon-Member Fee
This session is free
Early: $40.00 $40.00
Regular: $40.00 $40.00
Late: $40.00 $40.00
This session is free
Early: $20.00 $20.00
Regular: $20.00 $20.00
Late: $20.00 $20.00

 

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