Health Economics

Healthcare providers must make decisions involving the efficiency, effectiveness, and value provided by different physical and behavioral treatments. In healthcare, there are many stakeholders with varying interests. However, each stakeholder has finite resources and must often make decisions based on incomplete evidence.  Informal decision strategies like “doing what did we do last time,” or using “gut feelings” often yield sub-optimal outcomes.  One way to produce better decisions is to first organize the important factors to facilitate consideration and to build a working model that reveals how all parts of the decision fit together. Our research focuses on developing methods that allow for a well-organized consideration of the relevant factors.

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