The London School of Economics and Political Science
Modelling Cost-Effectiveness in Healthcare
Improve healthcare systems by effectively allocating resources with the help of cutting-edge decision-making tools.
Start date
09 February 2022
Enroll by 01 February 2022
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 estimated amount of money needed to stabilise and improve the United Kingdom’s current healthcare system.
The Health Foundation (Nov, 2020).
The approximate percentage of healthcare spend that is wasted in the US, equating to as much as $935 billion a year.
JAMA Network (Oct, 2019).
Duration: 8 weeks (excluding orientation)
Shrinking margins and rising costs are driving public and private health systems to improve operational efficiencies and reduce expenses. Rigorous financial management could help to improve care provision and combat unnecessary spending.
The Modelling Cost-Effectiveness in Healthcare online certificate course from LSE equips you with marketable skills in cost-effectiveness modelling. This technical course has been designed by faculty and experts from the Department of Health Policy at LSE who have a solid grounding in fundamental policy and economic skills, and the knowledge and expertise to apprehend global health challenges. Over eight weeks, you’ll explore cost-effectiveness modelling techniques and discover methods of sourcing quality data. Throughout the course, you’ll learn how to conceptualise a model, inform resource allocation decisions, and analyse a cost-effectiveness study.
Is this course for you?
This course is suited to both health and finance professionals who deal with modelling costs in the healthcare sector. Health administrators and medical workers will learn how to better budget, assign, and prioritise resources. They’ll also benefit from enhancing their decision-making and resource allocation skills. Finance and insurance professionals will learn how to get the most out of their health products or services budgets, and will benefit from gaining insight into product pricing and R&D resource allocation.
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)
Shrinking margins and rising costs are driving public and private health systems to improve operational efficiencies and reduce expenses. Rigorous financial management could help to improve care provision and combat unnecessary spending.
The Modelling Cost-Effectiveness in Healthcare online certificate course from LSE equips you with marketable skills in cost-effectiveness modelling. This technical course has been designed by faculty and experts from the Department of Health Policy at LSE who have a solid grounding in fundamental policy and economic skills, and the knowledge and expertise to apprehend global health challenges. Over eight weeks, you’ll explore cost-effectiveness modelling techniques and discover methods of sourcing quality data. Throughout the course, you’ll learn how to conceptualise a model, inform resource allocation decisions, and analyse a cost-effectiveness study.
Is this course for you?
This course is suited to both health and finance professionals who deal with modelling costs in the healthcare sector. Health administrators and medical workers will learn how to better budget, assign, and prioritise resources. They’ll also benefit from enhancing their decision-making and resource allocation skills. Finance and insurance professionals will learn how to get the most out of their health products or services budgets, and will benefit from gaining insight into product pricing and R&D resource allocation.
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.
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.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
Get course prospectus
Course convenors
Who you'll learn from
Professor Alistair McGuire
Professor of Health Economics and Head of Department, Department of Health Policy, LSE
Alex Carter
Senior Lecturer in Practice, Department of Health Policy, LSE
Dr Ranjeeta Thomas
Assistant Professor of Health Economics, Department of Health Policy, LSE
Jaime Caro
Professor in Practice, LSE
About the certificate
Gain marketable 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 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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We deliver market-led courses that equip working professionals with the expertise required to upskill, reskill or kickstart a completely new career. Through a data-driven approach, we analyze future skills requirements and ensure all courses address this need. We ensure that leading universities and institutions are your expert guides and our people, technology, and resources are your engine – together we power more than just education, we power your potential.
Find out more about GetSmarter’s approach to digital learning, course design, and online delivery here.
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.
Manage your time
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.
Seek employer assistance
By improving your skills and industry knowledge, you'll have an influence on the success of your organization. Why wouldn't you ask your boss to help you fund your studies if it's going to have an impact on the way you do business?
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 see the list of university partner login pages here.
