Health Economics & Outcomes Research
With increasing pressure to control the rising cost of healthcare, there’s a greater need to demonstrate the value of health care treatments in addition to their efficacy. Health Economics and Outcomes Research (HEOR) plays an increasingly vital role in a drug’s approval and reimbursement with payers. HEOR analyses allow us to evaluate the economics of a given treatment and quantify the associated outcomes.
With valuable experience in innovative HEOR solutions, Axtria delivers:
- Innovative patient-level simulations
- Customized cost-effectiveness models
- Clinical trial simulations
- Burden of disease analyses
- Experience with real-world data
HEOR CAPABILITIES
Innovative patient-level simulations: As treatment options become more complex, it is valuable to develop customized patient-level simulations. These simulations allow us to hone in on the value of treatments to different types of patients and analyze scenarios. These simulations can model:
- Complex treatment patterns
- Heterogeneous patient populations from real-world data or clinical trials
- Impact on clinical and economic outcomes
- Varying benefits across sub-populations
- Alternative treatment strategies
Customized cost-effectiveness models: Cost-effectiveness analyses are a critical part of a drug’s approval in Health Technology Assessments (HTAs) around the world as well as its adoption in the US. We develop customized cost-effectiveness models, which help ensure the treatment is available for patients for whom the treatment is cost-effective. These models are:
- Transparent for internal and external audiences
- Analytically rigorous
- Well-documented
- Flexible to meeting changing client needs
- Adaptable for global stakeholders
Clinical trial simulations: Modeling clinical trials allows our clients to make informed decisions during trial design as well as prepare for questions that may be asked after a trial is read-out. With the high costs associated with clinical trials, clinical trial simulations provide a cost-effective means of performing analysis that complements the clinical trial itself.
- Make informed decisions during trial design
- Predict trial results
- Analyze sub-populations of patients and patients from real-world data
- Estimate continued benefits during off-label period
- Analyze scenarios with different treatment strategies
Burden of disease analyses: With the rising cost of healthcare, it’s important to quantify the cost, morbidity, mortality, and other hardships associated with diseases. Axtria helps clients by quantifying the burden of a disease, demonstrating the unmet need, and providing valuable insights for cost-effectiveness models
- Quantify the costs of a disease
- Measure the implications of uncontrolled disease
- Generate real-world evidence for cost-effectiveness analysis
- Demonstrate the value of treatment post-launch
- Analyze comparative effectiveness
Experience with real-world data: As a data analytics company, Axtria has extensive experience in managing and analyzing a wide variety of healthcare data. With the increasing availability of real-world data, Axtria helps clients by generating insightful real-world evidence (RWE) based on anonymized patient data.
- Anonymized patient-level data
- Claims and labs data
- Electronic health record (EHR) data
- Wearable data
- Social media data
Axtria Insights
Executive Insights And Perspectives On The Life Sciences Industry.
Blog
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