HEDS is part of the School of Health and Related Research (ScHARR) at the University of Sheffield. We undertake research, teaching, training and consultancy on all aspects of health related decision science, with a particular emphasis on health economics, HTA and evidence synthesis.

Tuesday, 23 April 2013

R package for Bayesian CEA

BCEA is a R library specifically designed to post-process the result of a Bayesian health economic evaluation. Typically, this consists in the estimation of a set of relevant parameters that can be combined to produce an estimation of suitable measures of cost (c) and clinical benefits (e) associated with an intervention. Within the Bayesian framework, this amounts to estimating a posterior distribution for the pair (e,c). 

BCEA produces a synthesis of the decision process given the current evidence and uncertainty, as well as several indicators that can be used to perform probabilistic sensitivity analysis. These include the Cost-Effectiveness Acceptability Curve and the analysis of the Expected Value of Information, that can be used to prioritize research.”

From Gianluca Baio’s website.