Health Economic Analysis and Modeling

Health economics aims to understand how limited resources can be efficiently allocated to maximize health outcomes and improve overall well-being. This field employs various economic tools and models to assess the impact of healthcare policies, interventions, and market dynamics.

In IDRAK, we use mathematical frameworks and mechanism that simulate healthcare systems, and outcomes. These models explores different scenarios, estimate the potential impact of interventions, and make informed decisions. Common modeling techniques include cost-effectiveness analysis, budget impact analysis, and simulation models that can project the long-term effects of health policies and interventions.

Impact & Applications

Budget Impact Analysis (BIA)

Economic Evaluation Methods

Creating models to analyze and predict the economic impact of healthcare interventions.
Providing evidence-based insights that inform decision-making processes in the healthcare sector.

Examining the costs, pricing strategies, and reimbursement policies associated with pharmaceutical products

Cost-effectiveness analysis (CEA)
Cost-utility analysis (CUA)
Cost-benefit analysis (CBA)
Cost-Minimization analysis (CMA)

Assess the financial impact of adopting a new healthcare intervention or technology within a specific budgetary context.
Estimate the potential consequences of incorporating a new treatment, program, or technology into a healthcare system, taking into account the existing budget constraints.