News

Assessing cost-effectiveness in evaluation

February 2011

Cost-effectiveness and cost-benefit analysis are an increasingly important part of our work in evaluation. To build on our existing skills (and make sure we’re on top of new methods and issues), one of our Senior Consultants, Andrew Hawkins, recently attended a short course on Advanced Methods of Cost-Effectiveness Analysis run by the Health Economics Research Centre of the Department of Public Health, Oxford University. The course covered both the theoretical concepts and practical exercises in analysing health outcomes data, collecting cost data, discounting costs, dealing with missing data, bootstrapping sample data, constructing decision trees, Markov modelling, and calculating and interpreting incremental cost-effectiveness ratios (ICERs) and the net benefits of health care interventions. You can find out more at www.herc.ox.ac.uk/courses/advancedmethodsmainpage.