Health Economics: QALYs, ICER & Cost-Effectiveness
QALYs, discounting, ICERs and dominance, the cost-effectiveness plane, net monetary benefit, a Markov cohort model, tornado sensitivity analysis and budget impact: build a health-technology assessment of a fictional therapy step by step in a live spreadsheet that checks every cell.
The first lesson is free — no account needed.
About this course
A health economics course that builds a health technology assessment of one fictional heart-failure therapy step by step in a spreadsheet, for health economists in training, HTA and market access staff and public health students. You turn years in health states into QALYs and measure first-year QALYs with the area-under-the-curve method, discount costs and QALYs at 3.5% with year 1 undiscounted, calculate the ICER and run an incremental analysis that removes dominated strategies, place six programmes on the cost-effectiveness plane in a scatter chart, pick the best strategy at each willingness-to-pay threshold by net monetary benefit, run a three-state Markov cohort model cycle by cycle, find the most influential parameter in a tornado diagram and estimate the five-year budget impact. The therapy and all numbers are fictional and illustrative, not medical advice. The first lab is free.
Lessons
- QALYs: Utility × Years in Each Health StateFree
- Discounting Costs & QALYs at 3.5% Pro
- ICER, Incremental Analysis & Dominance Pro
- The Cost-Effectiveness Plane: Quadrants & a Scatter Chart Pro
- Net Monetary Benefit at Willingness-to-Pay Thresholds Pro
- Markov Cohort Model: 3 States, Cycle by Cycle Pro
- One-Way Sensitivity Analysis & the Tornado Diagram Pro
- Budget Impact Analysis: Population × Uptake × Cost Pro