Illuminate is experienced in a range of different economic modelling techniques, which can be used in PBAC and MSAC submissions. Illuminate can adapt or build cost-effectiveness and cost-minimisation models. We have experience in many of the following techniques:
Markov cohort models
Decision tree cohort models
Monte-Carlo Simulation individual patient models
Deterministic sensitivity analysis
Probabilistic sensitivity analysis
Illuminate tailors its modelling approach depending on a range of factors such as the disease area, the variability of treated patients, and the linearity or multilinearity of the mode of treatment. We can work with you to provide an economic evaluation that most reliably informs a relevant authority for decision-making.