Need a second opinion on your model? An experienced freelance health economists can validate your model.
Has your HEOR team devoted a lot of time and effort to developing a cost-effectiveness (CEA) or budget impact model for reimbursement submission? While the model appears credible, validating it can ensure there are no unforeseen issues or delays during the submission process. Independent validation, or a second opinion, can flag concerns, suggest improvements, and, importantly, give you peace of mind before submitting your dossier. EuropeanHealthEconomics.com has a pool of experienced freelance health economists ready to conduct thorough validations of your health economics models swiftly and efficiently.
Validation process
In validating your CEA and budget impact models, a freelance health economist can perform several checks. The process begins with a review of the model structure to ensure it accurately reflects treatment pathways, clinical practices, and disease progression. For input data, the freelancer examines the accuracy and relevance of the data your model uses, ensuring that cost parameters, epidemiological data, health outcome measures, and utility values are drawn from reliable sources. Additionally, the use and documentation of assumptions is reviewed.
Technical and comparative review
The freelance health economist evaluates the technical correctness by examining the model’s functionality and ensuring the transparency of Excel formulas and VBA macros. He or she conducts a review of sensitivity analysis to assess how the model responds to changes in inputs and assumptions. In comparator analysis, the health economist compares your model’s structure and outcomes with those from earlier analyses of the comparator product or service, as well as other models and literature. The final task is to verify that all these aspects adhere to the submission requirements of the relevant authorities.
Benefits of independent validation
Conducting an independent validation with a freelance health economist from EuropeanHealthEconomics.com ensures the integrity of your CEA and budget impact models and gives you confidence as you approach the submission phase. Our freelance health economists are here to guide you through this validation process, ensuring your model is robust and ready for positive reimbursement decisions.
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