Repository logo
 

A Review of Web-Based Tools for Value-of-Information Analysis.

Accepted version
Peer-reviewed

No Thumbnail Available

Type

Article

Change log

Authors

Rothery, Claire 
Kunst, Natalia 
Jackson, Chris 
Strong, Mark 

Abstract

Value-of-information analysis (VOI) is a decision-theoretic approach that is used to inform reimbursement decisions, optimise trial design and set research priorities. The application of VOI analysis for informing policy decisions in practice has been limited due, in part, to the perceived complexity associated with the calculation of VOI measures. Recent efforts have resulted in the development of efficient methods to estimate VOI measures and the development of user-friendly web-based tools to facilitate VOI calculations. We review the existing web-based tools including Sheffield Accelerated Value of Information (SAVI), the web interface to the BCEA (Bayesian Cost-Effectiveness Analysis) R package (BCEAweb), Rapid Assessment of Need for Evidence (RANE), and Value of Information for Cardiovascular Trials and Other Comparative Research (VICTOR). We describe what each tool is designed to do, the inputs they require, and the outputs they produce. Finally, we discuss how tools for VOI calculations might be improved in the future to facilitate the use of VOI analysis in practice.

Description

Keywords

Bayes Theorem, Cost-Benefit Analysis, Delivery of Health Care, Humans, Internet

Journal Title

Appl Health Econ Health Policy

Conference Name

Journal ISSN

1175-5652
1179-1896

Volume Title

19

Publisher

Springer Science and Business Media LLC
Sponsorship
MRC (unknown)