A retrospective analysis of budget impact models submitted to the National Centre for Pharmacoeconomics in Ireland

Felicity Lamrock (), Laura McCullagh, Lesley Tilson and Michael Barry
Additional contact information
Felicity Lamrock: Queen’s University Belfast
Laura McCullagh: National Centre for Pharmacoeconomics, St James’s Hospital
Lesley Tilson: National Centre for Pharmacoeconomics, St James’s Hospital
Michael Barry: National Centre for Pharmacoeconomics, St James’s Hospital

The European Journal of Health Economics, 2020, vol. 21, issue 6, No 7, 895-901

Abstract: Abstract Background The National Centre for Pharmacoeconomics (NCPE) is a National HTA Agency in Ireland responsible for assessment of comparative clinical effectiveness, cost-effectiveness and potential budget impact of drugs on behalf of the Health Service Executive. This research aims to assess if the budget impact models submitted to the NCPE have accurate predicted utilisation, assess if the models are consistent in the parameters included, and determine if probabilistic sensitivity analyses would aid the characterization of uncertainty. Methods A retrospective analysis of budget impact models that had been submitted (January 2010–December 2017 inclusive) to the NCPE was performed. The input parameters in the budget impact model were recorded. For each drug, annual realised utilisation was compared with what had been predicted by the respective budget impact model. A probabilistic sensitivity analysis was also performed on each model. Results A total of 12 models were included; each model pertained to one drug for one indication. Of the 12 models, six underpredicted and six overpredicted the annual realised utilisation. There were a range of different parameters included in each of the budget impact models. A probabilistic sensitivity analysis did not improve the characterization of uncertainty. Conclusion This research has demonstrated that budget impact models submitted to a national HTA agency have limited accuracy in predicting realised utilisation, and there is inconsistency among the parameters included. An electronic budget impact template for applicants has been developed, as a more systematic approach, for their submissions to the NCPE.

Keywords: Budget impact analysis; Buget impact model; Health Technology Assessment; Reimbursement; New drugs; Ireland (search for similar items in EconPapers)
JEL-codes: C60 E42 G18 H61 L65 O52 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s10198-020-01181-0

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