Introduction to Cost Effectiveness Analysis in Health

Event information

Type of event

Education session or seminar up to one day duration

Description of the event

The University of Melbourne

This is a one day course run by the Health Economics Unit within the Centre for Health Policy that provides an introduction to the application of cost effectiveness analysis in health.  This course is designed for policy makers, clinicians, researchers, managers and others working in the health sector with an interest in economic issues. No previous knowledge required. On completion of this course participants should have a better understanding of health priority setting and the application of cost-effectiveness analysis.

Module 1: Introduction to Health Economics
Concepts in economics and economic evaluation will be introduced including the role of health economic evaluation, the types of economic evaluation (cost minimisation, cost-effectiveness, cost utility and cost benefit) and methods for valuing health outcomes using measures like health-related quality of life to produce quality-adjusted life years (QALYs).

Module 2: Cost measurement
An introduction to the concepts involved in measuring costs for economic evaluation. The module will cover the principles behind measurement of cost and will teach about how to cost an intervention or program, how to analyse cost data and how to present cost results. There will be an exercise related to costing an intervention or program in practice.

Module 3: Outcome measurement
Concepts involved in measuring outcomes for use in economic evaluation will be covered.  Participants will learn about the different measures of health status, techniques used to value health states, the use of utility scales and methods to calculate a quality-adjusted life year. During the session participants will completed a health state valuation exercise.

Module 4: Interpretation of economic evaluation results for policy
An introduction on how to properly interpret and use cost-effectiveness information to inform policy decisions, especially in relation to priority setting. Participants will be introduced to the understanding, use and misuse of concepts such as cost-effectiveness ratios, league tables, incremental ratios, ceiling ratios, reporting and uncertainty. Participants will complete an exercise relating to use of league tables.

Concluding group exercise: Application of economic evaluation methods
Participants are provided an opportunity to consider their own interventions or choose from the examples provideo and apply the health economic concepts they have learnt from the course.

Final session (Optional):
Interested participants are invited to have a short  discussion with the course leaders about the health economics involved in particular  projects they are currently working on.

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The University of Melbourne

Key Words (MeSH) describing the topic

information Added MeSH terms
Economics, Medical
Economic aspects of the field of medicine, the medical profession, and health care. It includes the economic and financial impact of disease in general on the patient, the physician, society, or government.
Cost Savings
Reductions in all or any portion of the costs of providing goods or services. Savings may be incurred by the provider or the consumer.

Workplaces involved

Added workplaces

Health Care - Health care providers - Queensland Health - Mackay Hospital and Health Service - Mackay Base Hospital - Mackay Institute of Research and Innovation

Event organiser

The University of Melbourne

Instructions for registration

Target group for the event

Target group for the event

checked Medicine - Primary Health Care
not checked Medicine - Specialist Care
not checked Dentistry
not checked University

Target profession

checked Medical practitioners - General Practitioners / Specialists

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PublishedDocument information: Introduction to Cost Effectiveness Analysis in Health | Last modified: 2019-02-14 by Mackay Institute of Research and Innovation

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