Health Economics & Outcomes Research
The current situation
The ultimate goal of care delivery organizations is to improve health-related outcomes while controlling costs. To achieve this, policy makers and plan administrators must be able to quantify and compare the benefits and costs of interventions.
The utility of traditional methods such as clinical trials in health economics is limited because virtually every important decision involves dozens of factors intertwined in complex ways. Clinical trials can answer questions about specific interventions, but as questions approach real-world complexity, the cost, time, and resources required grow exponentially.
The Archimedes advantage
The Archimedes Model is a powerful simulation platform optimized for health economics and outcomes research, including both comparative effectiveness research and cost-effectiveness studies.
The Model represents physiological, clinical, and administrative events as they occur in reality. Users can quantify the effects of an intervention over a range of settings and populations to gain an understanding of its true cost effectiveness. Costs and quality-adjusted life year (QALY) disutilities can be changed post hoc, which facilitates flexible and robust sensitivity analyses without having to re-run the simulation.
How you can use the Archimedes Model
Cardio-Metabolic Risk (CMR) Forecast Dataset. The CMR forecast dataset contains the results from 19 simulated controlled trials that compared current levels of care with 20 different interventions for managing cardio-metabolic risk. The dataset includes data from 100,000 patients representative of the U.S. population and enables you to evaluate the benefits and costs of the interventions. A free 7-day evaluation subscription is available to determine if your questions have been anticipated in the CMR dataset. More...
ARCHeS Innovator. ARCHeS Innovator is a comprehensive web-based tool that gives you direct access to much of the power of the Archimedes Model and enables you to set up multi-scenario studies and run custom analyses. You can examine conditions, treatments, and outcomes related to coronary artery disease, stroke, diabetes and its complications, obesity, hypertension, dyslipidemia, and smoking. More...
Modeling & Consulting Services. For diseases and interventions beyond the scope of CMR or ARCHeS Innovator, Archimedes provides comprehensive support to help clients run custom simulations and build custom disease models. Our team of scientists and physicians will work with you to quantify the effect of a potential intervention in terms of outcomes and costs. More...
