PUN018 Economic Evaluation for Healthcare Decision Making
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | PUN018 |
|---|---|
| Assumed Knowledge: | Assumed knowledge: familiarity with Microsoft Excel, broad understanding of the Australian health system |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,040 |
| Pre-2021 CSP student contribution | $1,597 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,312 |
| International unit fee | $4,620 |
Unit Outline: Semester 1 2024, Kelvin Grove, Internal
| Unit code: | PUN018 |
|---|---|
| Credit points: | 12 |
| Assumed Knowledge: | Assumed knowledge: familiarity with Microsoft Excel, broad understanding of the Australian health system |
| Coordinator: | David Brain | david.brain@qut.edu.au |
Overview
Globally, healthcare systems are facing increasing demand, yet increases to funding are slowing. In this situation, choices must be made about what services to fund, how they should be delivered and to whom they should be provided. Economic analyses can be applied to these questions; and the wider goal is to allocate scarce health care resources efficiently. The findings from economic analyses should be easy to interpret and should signal how funding might be optimally distributed. This unit is aimed at healthcare professionals and individuals in public, commercial and academic organisations interested in healthcare resource allocation and innovation. It will improve understanding of priority setting and expose participants to the methods of economic evaluation of healthcare interventions.
Learning Outcomes
On successful completion of this unit you will be able to:
- Produce and interpret the results of economic models
- Analyse the value of economic evidence within frameworks for decision making
- Construct and evaluate economic models using appropriate software
- Apply the principles of priority setting in healthcare
- Communicate and translate technical results for healthcare decision makers
Content
This unit will cover the following:
- priority setting
- how to measure costs and health benefits
- economic modelling - what it is and why we do it, how to structure models, how to present the results, and how to capture uncertainty inherent in the data
- building and evaluating cost-effectiveness models using appropriate software
- how to interpret the results from these analyses
- translating technical results for pragmatic and sustainable decision making
Learning Approaches
In this unit, you will learn by engaging in the following:
- lectures
- guest speaker presentations
- tutorials
- workshops
- online readings and learning materials
- real world examples of economic analysis
It will be delivered through an intensive learning program on campus consisting of lectures and practical computer-based activities. The block program will be conducted over two x two day blocks - where course material, practical activities and in-class preparation for assessment will take place. here is a focus on application of principles to real situations. To maximise learning outcomes you are strongly encouraged to attend both block sessions.
In order to maximise your learning experience in this unit, preparation in advance of teaching activities, and active participation, is expected of you. In addition to in-class learning, there will be opportunities for engaging with learning materials online, including recordings of teaching activities. You can engage with the online learning materials at your own pace.
Feedback on Learning and Assessment
Problem based exercises and other learning activities during the intensive teaching block provide opportunities for formative feedback from teaching staff. Assessment items will build on each other to allow an incremental approach to learning. You will receive written feedback on your first assessment, which will prepare you for your second assessment. In your second assessment you will receive feedback to inform your submission of assessment three.
Assessment
Overview
There will be three items of assessment for this unit. Criteria sheets will support your achievement of the learning outcomes in your assessment items.
1. Oral Pitch - This will develop your skills in communicating technical information in a way that decision makers can understand and use to inform investment in new healthcare interventions.
2. Economic Model - This will connect the concepts in this unit with a practical opportunity to produce a working economic model.
3. Written Report - This brings together your findings from the Economic Model in a report that will translate the results for health service executives to inform their decision making about resource allocation.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Oral Pitch
You will take on the role of a health service manager and prepare an oral pitch to a health service executive outlining the need to undertake an economic evaluation of a specified health service problem. You will need to make a clear argument outlining the benefit of undertaking such work and explain the process required to complete the evaluation.
Assessment: Economic Model
In your role as a health economist, you will be required to undertake economic modelling to inform health service executives. You will choose from a provided selection of economic models to analyse the cost-effectiveness of a novel healthcare intervention and produce real world results in a format that informs healthcare investment decisions. Evidence and data to support your analysis will be provided.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Written Report
You will take on the role of health service manager to critically evaluate evidence used in the economic model developed in assessment item 2. You will write a report for the health service leadership group, interpreting the model's results and commenting on the usefulness of economic evaluation to support sustainable decision making.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
There is no prescribed text.
Resource Materials
Recommended text(s)
Gray A.M., Clarke, P.M., Wolstenholme, J.L. (2011). Applied Methods of Cost-effectiveness Analysis in Healthcare. Oxford University Press.
Drummond, M.F., Sculpher, M.J., Torrance, G.W., O'Brien, B.J., Stoddart, G.L. (2005). Methods for the Economic Evaluation of Health Care Programmes.(3PrdP ed.). Oxford University Press.
Briggs, A., Sculpher, M., Claxton, K. (2006). Decision Modelling for Health Economic Evaluation. Oxford University Press.
Risk Assessment Statement
There are no out of the ordinary risks with this unit, apart from those associated with this with substantial computer-based work. You should ensure that you take regular rest breaks when engaging in prolonged computer-based work.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
ACHSM Master Health Service Management Competency Framework 2022
A.a): Action - Communication
Relates to: Oral Pitch
Relates to: Written Report
Relates to: Oral Pitch
A.d): Action - Business Literacy - Financial and Resource Management
Relates to: Oral Pitch, Economic Model, Written Report
Relates to: Oral Pitch, Economic Model, Written Report
A.g): Action - Digital Management
Relates to: Oral Pitch, Economic Model
E.a): Enabling - Health Leadership and Ethical Behaviour
Relates to: Oral Pitch, Written Report
E.b): Enabling - Impact and Influence
Relates to: Oral Pitch, Economic Model, Written Report
Relates to: Written Report
E.c): Enabling - Health Systems
Relates to: Oral Pitch, Economic Model
Relates to: Oral Pitch, Written Report
E.e): Enabling - Professionalism
Relates to: Oral Pitch, Written Report
Relates to: Oral Pitch, Economic Model, Written Report
Relates to: Oral Pitch, Economic Model, Written Report
Relates to: Oral Pitch
E.f): Enabling - Change Leadership
Relates to: Written Report
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.PU77 Graduate Diploma in Health Management and Leadership
- Design innovative and strategic responses to health leadership and management challenges to improve consumer, community, organisational and system level outcomes.
Relates to: Economic Model, Written Report - Apply operational management skills to plan, organise and supervise internal organisational processes required for achieving high performance.
Relates to: Oral Pitch, Written Report - Critically analyse research to inform ethical, evidence-based health management and policy decisions.
Relates to: Oral Pitch, Economic Model, Written Report - Plan ways to communicate, collaborate and negotiate with stakeholders from diverse backgrounds to co-design equitable outcomes and sustainable performance in healthcare.
Relates to: Oral Pitch, Written Report - Critically analyse the benefits and risks of contemporary and emerging health technologies.
Relates to: Economic Model
PU87 Master of Health Management and Leadership
- Design innovative and strategic responses to health leadership and management challenges to improve consumer, community, organisational and system level outcomes.
Relates to: Economic Model, Written Report - Apply operational management skills to plan, organise and supervise internal organisational processes required for achieving high performance.
Relates to: Oral Pitch, Written Report - Critique and engage in research to inform ethical, evidence-based health management and policy decisions.
Relates to: Oral Pitch, Economic Model, Written Report - Communicate, collaborate and negotiate with stakeholders from diverse backgrounds to co-design equitable and sustainable healthcare.
Relates to: Oral Pitch, Written Report - Critically analyse and manage the implementation, benefits and risks of contemporary and emerging health technologies.
Relates to: Economic Model
Unit Outline: Semester 1 2024, Online
| Unit code: | PUN018 |
|---|---|
| Credit points: | 12 |
| Assumed Knowledge: | Assumed knowledge: familiarity with Microsoft Excel, broad understanding of the Australian health system |
Overview
Globally, healthcare systems are facing increasing demand, yet increases to funding are slowing. In this situation, choices must be made about what services to fund, how they should be delivered and to whom they should be provided. Economic analyses can be applied to these questions; and the wider goal is to allocate scarce health care resources efficiently. The findings from economic analyses should be easy to interpret and should signal how funding might be optimally distributed. This unit is aimed at healthcare professionals and individuals in public, commercial and academic organisations interested in healthcare resource allocation and innovation. It will improve understanding of priority setting and expose participants to the methods of economic evaluation of healthcare interventions.
Learning Outcomes
On successful completion of this unit you will be able to:
- Produce and interpret the results of economic models
- Analyse the value of economic evidence within frameworks for decision making
- Construct and evaluate economic models using appropriate software
- Apply the principles of priority setting in healthcare
- Communicate and translate technical results for healthcare decision makers
Content
This unit will cover the following:
- priority setting
- how to measure costs and health benefits
- economic modelling - what it is and why we do it, how to structure models, how to present the results, and how to capture uncertainty inherent in the data
- building and evaluating cost-effectiveness models using appropriate software
- how to interpret the results from these analyses
- translating technical results for pragmatic and sustainable decision making
Learning Approaches
In this unit, you will learn by engaging in the following:
- lectures
- guest speaker presentations
- tutorials
- workshops
- online readings and learning materials
- real world examples of economic analysis
It will be delivered through an intensive learning program on campus consisting of lectures and practical computer-based activities. The block program will be conducted over two x two day blocks - where course material, practical activities and in-class preparation for assessment will take place. here is a focus on application of principles to real situations. To maximise learning outcomes you are strongly encouraged to attend both block sessions.
In order to maximise your learning experience in this unit, preparation in advance of teaching activities, and active participation, is expected of you. In addition to in-class learning, there will be opportunities for engaging with learning materials online, including recordings of teaching activities. You can engage with the online learning materials at your own pace.
Feedback on Learning and Assessment
Problem based exercises and other learning activities during the intensive teaching block provide opportunities for formative feedback from teaching staff. Assessment items will build on each other to allow an incremental approach to learning. You will receive written feedback on your first assessment, which will prepare you for your second assessment. In your second assessment you will receive feedback to inform your submission of assessment three.
Assessment
Overview
There will be three items of assessment for this unit. Criteria sheets will support your achievement of the learning outcomes in your assessment items.
1. Oral Pitch - This will develop your skills in communicating technical information in a way that decision makers can understand and use to inform investment in new healthcare interventions.
2. Economic Model - This will connect the concepts in this unit with a practical opportunity to produce a working economic model.
3. Written Report - This brings together your findings from the Economic Model in a report that will translate the results for health service executives to inform their decision making about resource allocation.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Oral Pitch
You will take on the role of a health service manager and prepare an oral pitch to a health service executive outlining the need to undertake an economic evaluation of a specified health service problem. You will need to make a clear argument outlining the benefit of undertaking such work and explain the process required to complete the evaluation.
Assessment: Economic Model
In your role as a health economist, you will be required to undertake economic modelling to inform health service executives. You will choose from a provided selection of economic models to analyse the cost-effectiveness of a novel healthcare intervention and produce real world results in a format that informs healthcare investment decisions. Evidence and data to support your analysis will be provided.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Written Report
You will take on the role of health service manager to critically evaluate evidence used in the economic model developed in assessment item 2. You will write a report for the health service leadership group, interpreting the model's results and commenting on the usefulness of economic evaluation to support sustainable decision making.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
There is no prescribed text.
Resource Materials
Recommended text(s)
Gray A.M., Clarke, P.M., Wolstenholme, J.L. (2011). Applied Methods of Cost-effectiveness Analysis in Healthcare. Oxford University Press.
Drummond, M.F., Sculpher, M.J., Torrance, G.W., O'Brien, B.J., Stoddart, G.L. (2005). Methods for the Economic Evaluation of Health Care Programmes.(3PrdP ed.). Oxford University Press.
Briggs, A., Sculpher, M., Claxton, K. (2006). Decision Modelling for Health Economic Evaluation. Oxford University Press.
Risk Assessment Statement
There are no out of the ordinary risks with this unit, apart from those associated with this with substantial computer-based work. You should ensure that you take regular rest breaks when engaging in prolonged computer-based work.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
ACHSM Master Health Service Management Competency Framework 2022
A.a): Action - Communication
Relates to: Oral Pitch
Relates to: Written Report
Relates to: Oral Pitch
A.d): Action - Business Literacy - Financial and Resource Management
Relates to: Oral Pitch, Economic Model, Written Report
Relates to: Oral Pitch, Economic Model, Written Report
A.g): Action - Digital Management
Relates to: Oral Pitch, Economic Model
E.a): Enabling - Health Leadership and Ethical Behaviour
Relates to: Oral Pitch, Written Report
E.b): Enabling - Impact and Influence
Relates to: Oral Pitch, Economic Model, Written Report
Relates to: Written Report
E.c): Enabling - Health Systems
Relates to: Oral Pitch, Economic Model
Relates to: Oral Pitch, Written Report
E.e): Enabling - Professionalism
Relates to: Oral Pitch, Written Report
Relates to: Oral Pitch, Economic Model, Written Report
Relates to: Oral Pitch, Economic Model, Written Report
Relates to: Oral Pitch
E.f): Enabling - Change Leadership
Relates to: Written Report
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.PU77 Graduate Diploma in Health Management and Leadership
- Design innovative and strategic responses to health leadership and management challenges to improve consumer, community, organisational and system level outcomes.
Relates to: Economic Model, Written Report - Apply operational management skills to plan, organise and supervise internal organisational processes required for achieving high performance.
Relates to: Oral Pitch, Written Report - Critically analyse research to inform ethical, evidence-based health management and policy decisions.
Relates to: Oral Pitch, Economic Model, Written Report - Plan ways to communicate, collaborate and negotiate with stakeholders from diverse backgrounds to co-design equitable outcomes and sustainable performance in healthcare.
Relates to: Oral Pitch, Written Report - Critically analyse the benefits and risks of contemporary and emerging health technologies.
Relates to: Economic Model
PU87 Master of Health Management and Leadership
- Design innovative and strategic responses to health leadership and management challenges to improve consumer, community, organisational and system level outcomes.
Relates to: Economic Model, Written Report - Apply operational management skills to plan, organise and supervise internal organisational processes required for achieving high performance.
Relates to: Oral Pitch, Written Report - Critique and engage in research to inform ethical, evidence-based health management and policy decisions.
Relates to: Oral Pitch, Economic Model, Written Report - Communicate, collaborate and negotiate with stakeholders from diverse backgrounds to co-design equitable and sustainable healthcare.
Relates to: Oral Pitch, Written Report - Critically analyse and manage the implementation, benefits and risks of contemporary and emerging health technologies.
Relates to: Economic Model