UBC scientists are experts in creating and customizing economic
models and using data for analyses. Our experts develop models to
simplify descriptions of complex medical processes and therapies.
We build frameworks for analysis and evaluation to help clarify the
economic impact of using a biopharmaceutical, medical device,
diagnostic technology, or procedure.
Our continuing efforts to meet the challenges faced by our clients
has led us to explore innovative solutions to research problems,
including introducing discrete event simulation (DES) to the health
industry.
Our services include:
- Application of sophisticated modeling techniques (e.g Monte
Carlo simulation, bootstrapping, Bayesian analysis, and advanced
modeling methods such as Discrete Event Simulation
(DES))
- Extension of findings: modeling to project trial to new
scenarios
- Study designs based on decision and simulation models
- Go/No-Go models to project product value and feasibility
We develop health economics models to:
- Understand the full implication of clinical trials
- Generalize the outcomes of clinical trials
- Demonstrate the value of a product beyond its efficacy
- Assess pricing scenarios
- Inform strategic planning and product development
- Assess benefits and risk
