Fast, Faster, Fastest: Is It Time for Automated Model Building?
Health economic models are now used in every stage of product development – innovative server-based model-building tools are valuable to help facilitate quicker development of models and meet health technology assessment (HTA) guidance.
The National Institute for Health and Care Excellence (NICE) in the U.K. is piloting the pathway assessment framework where HTA will be supported by an open-source model available to all stakeholders. This will also help ensure consistency across decisions that previously were hard to consolidate across single technology appraisals.
This webinar provides insights into an innovative approach to produce models faster via automation and discusses:
- Developments that motivate the creation of these innovative tools
- Components of the server-based platform solution, IT requirements and automation wizards in non-technical terms
- An automated time-to-event equation fitting tool that can quickly produce equations required for these models
- Benefits of automation using Python and the DICE methodology
- Challenges in training and making such models submission-ready
