2020
DOI: 10.1007/s40273-020-00922-6
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Comparing the Cohort and Micro-Simulation Modeling Approaches in Cost-Effectiveness Modeling of Type 2 Diabetes Mellitus: A Case Study of the IHE Diabetes Cohort Model and the Economics and Health Outcomes Model of T2DM

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Cited by 18 publications
(24 citation statements)
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“…There are however, important advantages of using the microsimulation model that offset this limitation. For example, recent evidence from a comparison of diabetes’ models suggests that microsimulation models provide less biased estimates of the ICER, despite their lack of flexibility to explore issues such as parameter uncertainty [ 33 ]. Ideally, a model would be able to achieve both unbiased ICER estimation and provide a comprehensive exploration of parameter uncertainty.…”
Section: Discussionmentioning
confidence: 99%
“…There are however, important advantages of using the microsimulation model that offset this limitation. For example, recent evidence from a comparison of diabetes’ models suggests that microsimulation models provide less biased estimates of the ICER, despite their lack of flexibility to explore issues such as parameter uncertainty [ 33 ]. Ideally, a model would be able to achieve both unbiased ICER estimation and provide a comprehensive exploration of parameter uncertainty.…”
Section: Discussionmentioning
confidence: 99%
“…The most commonly used model in health is the cohort‐based model, which assumes that each individual in the cohort has the same disease progression, so group means are used to determine individual transition from one health state to another. Cohort‐based models produce uniform estimates and smaller range of cost‐effectiveness outputs, 24 which could restrict the generalization of results, particularly when the sample size is small. Hence, a microsimulation technique was used.…”
Section: Methodsmentioning
confidence: 99%
“…Furthermore, in the eventuality of limited data, DES models also provide a substantial advantage, because the inadequacy of the data is not built into the structure of the model; the simulation can be designed to properly reflect the problem under analysis and perform exploratory analyses with limited data and bestguess estimates. [42][43][44][45] Therefore, although there is a need of a detailed and comprehensive database for estimating the regression equations governing the time-to-event calculations, after the development and validation of the model, which was the goal of our study, it is possible to test a wide variety of scenarios and perform subgroup analyses by changing the settings of the model and the simulated model population.…”
Section: Discussionmentioning
confidence: 99%