| Literature DB >> 32248313 |
Joost W Geenen1, Svetlana V Belitser1, Rick A Vreman1,2, Martijn van Bloois3, Olaf H Klungel4, Cornelis Boersma5,6, Anke M Hövels1.
Abstract
BACKGROUND: High budget impact (BI) estimates of new drugs have led to decision-making challenges potentially resulting in restrictions in patient access. However, current BI predictions are rather inaccurate and short term. We therefore developed a new approach for BI prediction. Here, we describe the validation of our BI prediction approach using oncology drugs as a case study.Entities:
Keywords: Budget impact; Budget impact estimation; Medicines; Oncology; Prediction modeling; Validation study
Mesh:
Substances:
Year: 2020 PMID: 32248313 PMCID: PMC7366590 DOI: 10.1007/s10198-020-01176-x
Source DB: PubMed Journal: Eur J Health Econ ISSN: 1618-7598
Fig. 1Schematic presentation of the role and construction of the training and validation set, model development and the validation using a rolling forecast origin. Arrows indicate BI record availability of a specific product. A dashed line indicates trimmed data, and a solid line indicates data included in a training set. Blue is assigned to training set products, orange to products that will be validated and green to the product that, in this example, is validated. * denotes data cutoff based on t_max. # denotes data cutoff based on t_split. ¤ denotes the maximum value of t_pred which is identical to t_max. a Training set selection for model development and resulting selection of validation products, b validation of the product depicted in green with t_data = 0. The t_split = November 1, 2013, similar to the first date of recorded BI for this particular product, c validation of the product depicted in green with t_data = 6. The t_split = May 1, 2014
Fig. 2Mean error aggregated per future month (t_pred) and available data (t_data)
Fig. 3Median error aggregated per future month (t_pred) and available data (t_data)
Fig. 4Median error (orange) aggregated per t_pred, including error bars indicating the interquartile range and the regression line (blue). Coefficient = − 0.096, se = 0.0035, p < 0.0001
Fig. 5Histogram of the individual outcomes. Outcomes calculated as Ln(observed BI/predicted BI) (blue) and the theoretical normal distribution (orange)
Main validation outcomes
| Outcome | Value |
|---|---|
| Mean error, aggregated per | 3.01 (2.24) |
| Mean error, not aggregated (SD) | 2.94 (5.63) |
| Median error, not aggregated (5th, 25th, 75th and 95th‰) | 1.57 (1.04, 1.21, 2.63, 8.59) |