Modelling Cost-Effectiveness in Healthcare
Set your healthcare organisation apart with knowledge of cutting-edge systems & tools by taking up Modelling Cost-Effectiveness in Healthcare course by getsmart
Online
8 Weeks
1,14,634 INR Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Course Overview
Modelling Cost-Effectiveness in Healthcare by getsmarter is a technical course crafted by the faculty from the Department of Health Policy at LSE, an amalgamation of interdisciplinary research and teaching. The course aims to enlighten candidates on how a health policy is designed, implemented and evaluated and the scope of improvement therein. In Modelling Cost-Effectiveness in Healthcare Certification Syllabus, candidates will examine economic theory under whose landscape modelling techniques can be applied. They will also be introduced to cost-effectiveness models like decision trees and Markov models while discovering the key methods of sourcing quality data. Through this, they will receive one-on-one support from the head tutor, success advisor, and the global success team.
The Highlights
- Offered by The London School of Economics and Political Science
- Eight weeks of learning
- Certification accredited by CPD
- Flexible payment options
- Certificate of completion by getsmarter
- Available in the English language
- 7 to 10 hours of training per week
- Self-paced learning
- Online learning
Programme Offerings
- Interactive videos
- practice quizzes
- Module notes
- Presentations
- Web resources
- Assignment briefs
- Self-paced learning
- online learning
- Projects
- Infographics
- Online instructional material
- Class forums
- group discussions
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | LSE |
Modelling Cost-Effectiveness in Healthcare Fees details
Fee | Amount |
Course Fee | Rs. 114,634/- |
Installment Plan
| 1st installment | Required before: 2025-09-23 | Amount Due: ₹57,317.00 INR |
| 2nd installment | Required before: 2025-10-23 | Amount Due: ₹57,317.00 INR |
Eligibility Criteria
Certification qualifying details
The Modelling Cost-Effectiveness in Healthcare Certification subject to conditions laid out in the course handbook, which will be issued to the students right before they begin learning.
What you will learn
Modelling Cost-Effectiveness in Healthcare Certification Course polishes the existing knowledge of professionals pursuing this course to offer greater academic benefits like-
- Participants will delve deep into the models used to predict the costs and effects in economic evaluations of healthcare interventions
- They will discover the concept of discrete event simulation that can be used as an alternative approach to economic evaluations
- They will learn to evaluate a cost-effectiveness analysis from a practical perspective
- They will be introduced to the alternative approach to decision-analytic models
- By incorporating uncertainty in cost-effectiveness analysis, they will learn how to make informed decisions
- Those who are passionate about improving healthcare systems by effectively allocating resources will derive a lot from this course, including exposure to cutting-edge decision-making tools
- Through intensive projects and coursework, learners will build the capability to conceptualise a model, inform resource allocation decisions, and finally analyse a cost-effectiveness study
- The course will equip them with necessary marketable skills in cost-effectiveness modelling
- Candidates will understand the underlying economic principles of cost-effectiveness analysis in healthcare
- They will be allowed to explore methods of sourcing data and deducing the limitations of cost-effectiveness estimates
- With the acquired skills to source and analyse data, candidates will investigate real-world problems and data sets and get prepared for better roles
Who it is for
Modelling Cost-Effectiveness in Healthcare Programme has been designed to train individuals with organisational healthcare in constrained environments with analytical skills and techniques. Those falling under the given categories can pursue this course-
- Private and public health administrators and medical professionals who want to improve their analytical skills with respect to resource allocation and decision-making
- Healthcare professionals entrusted with budgeting and assigning funding to revamp their existing infrastructure
- Finance and insurance professionals working in health or pharmaceutical sectors who want to get acquainted with product pricing and research and development to get the most out of them
- Individuals wishing to understand resource allocation models and the decision-making process
- Candidates willing to seek exposure to Excel to adapt to decision-analytic models and making their organisational context unique
- Individuals willing to learn about the analysis of cost data and its quality
- Candidates willing to study real-world examples of cost-effectiveness analysis
Admission Details
Here’s a step-by-step guide to register for the Modelling Cost-Effectiveness in Healthcare Online Course-
- Go to the course webpage and select “Register Now.”
- After confirming the amount, create your profile.
- Enter your billing details and complete the payment.
- Confirm your enrollment.
The Syllabus
- Explain the welfare-economic and decision-analytic principles underlying healthcare economic evaluations
- Discuss different approaches to measuring health benefits
- Identify health outcome measures in relation to survival, probability, and life expectancy
- Show how health measures are linked to economic evaluations
- Discuss the principles of modelling costs and effects of healthcare interventions
- Analyse a decision tree model for cost-effectiveness analysis
- Analyse a Markov model for cost-effectiveness analysis
- Articulate model limitations based on a decision problem in healthcare
- Identify different forms of evidence that can be used in cost-effectiveness analysis
- Apply tools to appraise evidence used to model costs and consequences
- Articulate methods and requirements for synthesising data
- Assess the uncertainty of evidence informing cost-effectiveness analysis
- Define DICE simulation
- Discuss the advantages and disadvantages of DICE
- Review how a DICE simulation is specified in Excel
- Implement a decision-analytic model using a DICE simulation
- Use debugging tools to fix errors in a model
- Analyse a DICE simulation to report results
- Discuss priority setting based on incremental cost-effectiveness ratios (ICERs) and net benefits
- Explain methods for conducting deterministic and probabilistic sensitivity analysis
- Articulate common misconceptions related to performing sensitivity analyses
- Analyse simulation results through cost effectiveness acceptability curves
- Recognise decision-analytic models and validation methods used in cost-effectiveness analysis
- Discuss the strengths and weaknesses of various decision-analytic models
- Share ideas about conceptualising a real-world problem
- Articulate validation methods to build a conceptual model for a real-world decision problem
- Construct a conceptual model using time-driven, activity-based costing methods
- Define discrete event simulation in the healthcare sector
- Discuss when it is appropriate to use individual simulation
- Examine distributions in order to perform discrete event simulation
- Determine steps to build a discrete event simulation
- Construct a discrete event simulation using DICE
- Discuss methods to assess uncertainty with DICE
- Review economic evaluation techniques
- Apply cost-effectiveness analysis to decision-making
- Critique published evidence on cost-effectiveness analysis
Instructors
LSE Frequently Asked Questions (FAQ's)
Since this is an online course, the study material will be accessible immediately upon registration.
Cancellation of registration and a full refund can be initiated any time before the second module is released.
Some activities in Modelling Cost-Effectiveness in Healthcare Programme come with deadlines that are notified beforehand for convenience.
Modeling Cost-Effectiveness in Healthcare Certification Course does not guarantee a job. However, its globally recognized certification will enhance the portfolio of a candidate.
Credits will be offered only if it is mentioned likewise on the course URL.
Each module is released weekly for candidates to learn at their own pace.
Candidates may reach out to an Enrollment Advisor to know about pricing and installment options.
Candidates can pay their fees through the payment gateway, electronic transfer, or direct deposit.
Once chosen, the payment plan is final and cannot be changed after the payment of the first instalment.
A requested refund generally starts processing within seven working days.