The London School of Economics and Political Science
Modelling Cost-Effectiveness in Healthcare
Enhance healthcare systems by effectively allocating resources with the help of cutting-edge decision-making tools.
Start date
01 October 2025
Course duration
8 weeks
Excluding orientation
Language
English
Access resources from start date
Effort
7–10 hours per week
Self-paced learning online
Course overview
The rise in the budget for NHS day-to-day running costs between 2013/14 and 2024/25, with real-terms growth at 2.5% per year, adjusted for inflation.
The Health Foundation (Dec, 2023).
in assessing costs and benefits of different disease management strategies, including routine monitoring, in the conditions of hypertension, type 2 diabetes mellitus and chronic kidney disease in primary care”.
Springer Link (Feb, 2024).
Duration: 8 weeks (excluding orientation)
As public and private healthcare systems face shrinking margins and escalating costs, there is an increasing need to improve operational efficiency and reduce expenses. An effective financial management strategy can help enhance care provision while combating unnecessary spending.
The Modelling Cost-Effectiveness in Healthcare online certificate course offered by LSE provides you with valuable skills in cost-effectiveness modelling. This cost effectiveness in modelling online certificate course is developed by faculty and experts from LSE's Department of Health Policy who possess a strong foundation in fundamental policy and economic skills, along with the expertise to comprehend global health challenges. During the eight-week duration of the course, you will be introduced to various cost-effectiveness modelling techniques and taught how to obtain high-quality data. You will learn how to conceptualise a model, provide resource allocation recommendations, and analyse a cost-effectiveness study throughout the programme.
Is this course for you?
The LSE cost-effectiveness in modelling online certificate course is ideal for health and finance professionals who handle cost modelling in the healthcare industry. It equips medical workers and health administrators with the skills to budget, assign, and prioritise resources effectively and enhances their decision-making and resource-allocation skills. Similarly, finance and insurance professionals will benefit from learning how to optimise their health budgets, gain insight into product pricing, and make informed R&D resource allocation decisions.
This Modelling Cost-Effectiveness in Healthcare online certificate course is certified by the United Kingdom CPD Certification Service, and may be applicable to individuals who are members of, or are associated with, UK-based professional bodies. The course has an estimated 70 hours of learning.
Note: should you wish to claim CPD activity, the onus is on you. The London School of Economics and Political Science (LSE) and GetSmarter accept no responsibility, and cannot be held responsible, for the claiming or validation of hours or points.
Course overview
Course overview
Duration: 8 weeks (excluding orientation)
As public and private healthcare systems face shrinking margins and escalating costs, there is an increasing need to improve operational efficiency and reduce expenses. An effective financial management strategy can help enhance care provision while combating unnecessary spending.
The Modelling Cost-Effectiveness in Healthcare online certificate course offered by LSE provides you with valuable skills in cost-effectiveness modelling. This cost effectiveness in modelling online certificate course is developed by faculty and experts from LSE's Department of Health Policy who possess a strong foundation in fundamental policy and economic skills, along with the expertise to comprehend global health challenges. During the eight-week duration of the course, you will be introduced to various cost-effectiveness modelling techniques and taught how to obtain high-quality data. You will learn how to conceptualise a model, provide resource allocation recommendations, and analyse a cost-effectiveness study throughout the programme.
Is this course for you?
The LSE cost-effectiveness in modelling online certificate course is ideal for health and finance professionals who handle cost modelling in the healthcare industry. It equips medical workers and health administrators with the skills to budget, assign, and prioritise resources effectively and enhances their decision-making and resource-allocation skills. Similarly, finance and insurance professionals will benefit from learning how to optimise their health budgets, gain insight into product pricing, and make informed R&D resource allocation decisions.
This Modelling Cost-Effectiveness in Healthcare online certificate course is certified by the United Kingdom CPD Certification Service, and may be applicable to individuals who are members of, or are associated with, UK-based professional bodies. The course has an estimated 70 hours of learning.
Note: should you wish to claim CPD activity, the onus is on you. The London School of Economics and Political Science (LSE) and GetSmarter accept no responsibility, and cannot be held responsible, for the claiming or validation of hours or points.
Get this course for your team
Leading organisations recognise the value of this course and invest in it to enhance their employees' skills and expertise.
What will set you apart
Knowledge of how cost-effectiveness models can influence and aid decision-making when allocating resources.
The skills to source and analyse data, as well as the ability to determine the quality of the data being analysed.
An understanding of cost-effectiveness analysis, based on real-world examples and future considerations. 
The ability to develop and adapt decision-analytic models in Excel to your unique organisational context.
Unlimited access to edX’s Career Engagement Network, offering you exclusive resources and events to support your professional journey and drive your career forward.Course curriculum
Orientation module
Welcome to your Online Campus
Module 1
Foundations of cost-effectiveness analysis
Module 2
Introduction to modelling methods
Module 3
Identifying and reviewing data for cost-effectiveness analysis
Module 4
Discretely integrated condition event (DICE) simulation
Module 5
Interpreting model results and making decisions under uncertainty
Module 6
Building conceptual models of real-world processes
Module 7
Discrete event simulation for health technology assessment
Module 8
Future perspectives on cost-effectiveness analysis
Course convenors
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Professor Alistair McGuire
Professor of Health Economics and Head of Department, Department of Health Policy, LSE
Dr Alex Carter
Senior Lecturer in Practice, Department of Health Policy, LSE
Dr Ranjeeta Thomas
Assistant Professor of Health Economics, Department of Health Policy, LSE
Professor Jaime Caro
Professor in Practice, LSE
About the certificate
Acquire valuable skills in cost-effectiveness modelling and earn an official certificate of competence from the London School of Economics and Political Science.
Assessment is continuous and based on a series of practical assignments completed online. In order to be issued with a digital certificate, you’ll need to meet the requirements outlined in the course handbook. The handbook will be made available to you as soon as you begin the course.
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Payment options
You can pay your course fees before the course starts, or you may opt for a split payment plan on courses that are nine weeks and shorter. For courses 10 weeks and longer, there is a three-part payment plan available. To find out more about payment options please visit our Payment and Financing page, or contact an Enrollment Adviser, to find out which option you qualify for.
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GetSmarter's learning model is designed to help you, as a working professional, improve your skills without compromising on work and family responsibilities. The course work is broken up into weekly, manageable bite-sized modules, with incremental deadlines, designed to help you pace yourself over the duration of the course and allow you the legroom to work when it suits you best.
At the beginning of each module you'll be presented with the course content and assignments necessary for completion. You also have access to your Success Adviser who will help you manage your time, and support you with any administrative or technical queries you might have.
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Of our past students, 37 percent have received financial assistance from their employers. You can ask for help, too. Here is a guide to show you how to request financial assistance from your employer.
If you are a Learning & Development (L&D) manager, or involved in training and upskilling for an organization, you can request information regarding our corporate offering on our GetSmarter for business page.
How to change your start date
As part of our commitment to your professional development, GetSmarter offers you a two-week period to change your course start date or request your money back if you’re not fully satisfied.
To qualify for a deferral of your course start date, or to cancel your enrollment and receive a refund of your course fee, your request would need to reach our Success Advisers before the release of Module 2. For more information, please read our Terms and Conditions.
Discover the Online Campus
The Online Campus will be your virtual classroom for the duration of your course. Through its easy-to-use interface you'll have access to a diverse variety of course content formats including: interactive videos, module notes, practice quizzes, presentations, assignment briefs, and additional web resources.
On the Online Campus, you'll also be able to ask questions and interact with your fellow students and teaching team through the discussion forums. If you are looking for your Online Campus login, please visit your Account page here.
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