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Extensions of Health Economic Evaluations in R for Microsoft Excel Users: A Tutorial for Incorporating Heterogeneity and Conducting Value of Information Analyses.

Journal articles  - Journal Article
Naylor, NR; Williams, J; Green, N; Lamrock, F; Briggs, A
Published in: Pharmacoeconomics
January 2023

Advanced health economic analysis techniques currently performed in Microsoft Excel, such as incorporating heterogeneity, time-dependent transitions and a value of information analysis, can be easily transferred to R. Often the outputs of survival analyses (such as Weibull regression models) will estimate the impacts of correlated patient characteristics on patient outcomes, and are utilised directly as inputs for health economic decision models. This tutorial provides a step-by-step guide of how to conduct such analyses with a Markov model developed in R, and offers a comparison with established analyses performed in Microsoft Excel. This is done through the conversion of a previously published Microsoft Excel case study of a hip replacement surgery cost-effectiveness model. We hope that this paper can act as a facilitator in switching decision models from Microsoft Excel to R for complex health economic analyses, providing open-access code and data, suitable for future adaptation.

Duke Scholars

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Published In

Pharmacoeconomics

DOI

EISSN

1179-2027

Publication Date

January 2023

Volume

41

Issue

1

Start / End Page

21 / 32

Location

New Zealand

Related Subject Headings

  • Models, Economic
  • Humans
  • Health Policy & Services
  • Cost-Benefit Analysis
  • 4203 Health services and systems
  • 3801 Applied economics
  • 3214 Pharmacology and pharmaceutical sciences
 

Citation

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Naylor, N. R., Williams, J., Green, N., Lamrock, F., & Briggs, A. (2023). Extensions of Health Economic Evaluations in R for Microsoft Excel Users: A Tutorial for Incorporating Heterogeneity and Conducting Value of Information Analyses. Pharmacoeconomics, 41(1), 21–32. https://doi.org/10.1007/s40273-022-01203-0
Naylor, Nichola R., Jack Williams, Nathan Green, Felicity Lamrock, and Andrew Briggs. “Extensions of Health Economic Evaluations in R for Microsoft Excel Users: A Tutorial for Incorporating Heterogeneity and Conducting Value of Information Analyses.Pharmacoeconomics 41, no. 1 (January 2023): 21–32. https://doi.org/10.1007/s40273-022-01203-0.
Naylor, Nichola R., et al. “Extensions of Health Economic Evaluations in R for Microsoft Excel Users: A Tutorial for Incorporating Heterogeneity and Conducting Value of Information Analyses.Pharmacoeconomics, vol. 41, no. 1, Jan. 2023, pp. 21–32. Pubmed, doi:10.1007/s40273-022-01203-0.
Journal cover image

Published In

Pharmacoeconomics

DOI

EISSN

1179-2027

Publication Date

January 2023

Volume

41

Issue

1

Start / End Page

21 / 32

Location

New Zealand

Related Subject Headings

  • Models, Economic
  • Humans
  • Health Policy & Services
  • Cost-Benefit Analysis
  • 4203 Health services and systems
  • 3801 Applied economics
  • 3214 Pharmacology and pharmaceutical sciences