Modeling & Meta-Analyses (MMA) are powerful tools for making comprehensive assessments of the costs and as well as benefits of healthcare interventions. Health economic models provide vital information to inform allocation of availale resources for maximizing health benefits.
Why do we need modeling?
When payers make decisions about which technologies and/or services to fund, they must assess the clinical and economic value of feasible alternatives through consideration of costs and appropriate outcomes over an appropriate time horizon for a range of patient subgroups. Clinical trials are designed for measurement and hypothesis testing, so they often fail to meet the requirements for decision-making.
What is a meta-analysis used for?
A meta-analysis is a type of evidence synthesis tool used for multiple studies to improve the precision and relevance of clinical and health outcomes data. A meta-analysis evaluation will help to organize, explain, and generate a single overall answer by using all available (and appropriate) information and also identifying any important trends or patterns for future research. The synthesized evidence can then be used to show the multiple components of a product’s value. These value components span across all of our Center of Excellence and can help inform nearly all of them.