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

Haitham Tuffaha (), Claire Rothery, Natalia Kunst, Chris Jackson, Mark Strong and Stephen Birch
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Haitham Tuffaha: The University of Queensland
Claire Rothery: University of York
Natalia Kunst: University of Oslo
Chris Jackson: University of Cambridge
Mark Strong: University of Sheffield
Stephen Birch: The University of Queensland

Applied Health Economics and Health Policy, 2021, vol. 19, issue 5, No 3, 645-651

Abstract: 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.

Date: 2021
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DOI: 10.1007/s40258-021-00662-4

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