Overview of pharmacoeconomic modelling methods

Br J Clin Pharmacol. 2013 Apr;75(4):944-50. doi: 10.1111/j.1365-2125.2012.04421.x.


In the current climate of burgeoning health care costs, pharmacoeconomics is becoming increasingly important, but knowledge about pharmacoeconomic methods is limited among most clinicians. This review provides an introduction to, and overview of, common methods used in pharmacoeconomic modelling: decision analysis, Markov modelling, discounting and uncertainty analyses via Monte Carlo simulation. It will conclude with a suggested approach to reading and appraising published pharmacoeconomic analyses.

Publication types

  • Research Support, Non-U.S. Gov't
  • Review

MeSH terms

  • Decision Support Techniques
  • Economics, Pharmaceutical*
  • Health Care Costs / statistics & numerical data
  • Humans
  • Markov Chains
  • Models, Economic*
  • Monte Carlo Method