2013
DOI: 10.1016/j.jval.2013.02.008
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Probability Elicitation to Inform Early Health Economic Evaluations of New Medical Technologies: A Case Study in Heart Failure Disease Management

Abstract: Probability elicitation can successfully be combined with early health economic modeling to obtain the probability distribution of the headroom available to a new medical technology. Subsequently feeding this distribution into a product investment evaluation method enables stakeholders to make more informed decisions regarding to which markets a currently available product prototype should be targeted.

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Cited by 25 publications
(41 citation statements)
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“…Belief elicitation is used in quite a number of papers implementing headroom analysis or an early-stage health economic model. Specific applications of elicitation methods were published in several studies presenting an early health economic model [4446] or for estimation of headroom [24, 47]. …”
Section: Methods For Early Health Technology Assessmentmentioning
confidence: 99%
See 2 more Smart Citations
“…Belief elicitation is used in quite a number of papers implementing headroom analysis or an early-stage health economic model. Specific applications of elicitation methods were published in several studies presenting an early health economic model [4446] or for estimation of headroom [24, 47]. …”
Section: Methods For Early Health Technology Assessmentmentioning
confidence: 99%
“…Cao et al and Kip et al used probability elicitation to estimate transition probabilities in a health economic model [47]. Haakma et al used belief elicitation to estimate the likely diagnostic performance of a new imaging device [44].…”
Section: Methods For Early Health Technology Assessmentmentioning
confidence: 99%
See 1 more Smart Citation
“…An article was excluded if (a) the content was actually theoretical and there was no application, (b) it was a review with no new content, (c) multistate models were referenced, flagging it for review but the models were not actually fit, or (d) the models were actually discrete-time. Of the remaining 26 articles, 25 fit models to data with five or fewer states and two fit models to data with six states (Aalen, 2012; Alessandrino et al, 2013; Allen & Farewell, 2009; Batina et al, 2016; Cao et al, 2013; Chauvel et al, 2007; Chui, 2002; Combescure et al, 2003; Elbasha et al, 2009; Gangnon et al, 2012; Garcia et al, 2016; Haeussler et al, 2016; Hanly et al, 2016; Jackson et al, 2012; Jambarsang et al, 2015; Joutard et al, 2012; Liu et al, 2003; Ndumbi et al, 2013; Nunez et al, 2016; Raiche et al, 2012, 2014; Rodriguez-Girondo & de Una-Alvarez, 2012; Saint-Pierre et al, 2006; Tung et al, 2006; Zhang et al, 2014). One publication used a six-state model to analyze a dataset with much more data than is typically collected in acute stroke trials- approximately 5,000 patients (Gangnon et al, 2014).…”
Section: Introductionmentioning
confidence: 99%
“…In addition, such evidence may be used to inform the potential cost‐effectiveness of a new test and the drivers of diagnostic performance. One way to deal with this would be to perform a model‐based early health technology assessment where part of the evidence is determined by expert elicitations . Elicitation involves a process by which experts formulate a quantitative judgment based on their own beliefs, independent of the quality of such knowledge, for an uncertain quantity .…”
Section: Introductionmentioning
confidence: 99%