May 13, 2025
Explore the Generalized Risk-Adjusted Cost-Effectiveness (GRACE) model
This course provides a comprehensive overview of the Generalized Risk-Adjusted Cost-Effectiveness (GRACE) model for health technology evaluation. Participants will first examine the current applications of standard cost-effectiveness analysis (CEA), including its strengths and limitations. The course will then introduce the GRACE methodology, detailing its mathematical foundations and how it addresses key concerns in traditional CEA.
Key Topics Include:
- Current Applications of Standard CEA – Understanding its uses, limitations, and ethical considerations
- Introduction to GRACE – Key concepts, theoretical framework, and methodology
- Mathematical Foundations – Exploring the structure and function of GRACE
- Integrating GRACE into Standard CEA – Practical considerations for implementation
- Ethical Implications – Fairness, risk adjustment, and decision-making in healthcare
This course also provides practical tools and frameworks that participants can apply immediately, including a structured comparison of standard CEA and GRACE, guidance on incorporating GRACE into existing cost-effectiveness evaluations, and case-based discussions on real-world applications.
This course is ideal for professionals in health economics, policy, and technology assessment who want to understand and apply the GRACE model to enhance cost-effectiveness evaluations.
This intermediate level course requires participants to have a working knowledge of basic calculus.
LEVEL: Intermediate
TRACK: Economic Evaluation
This short course is offered in-person at the ISPOR 2025 conference. Separate registration is required. Visit the ISPOR 2025 Program page to register and learn more.
FACULTY MEMBERS
Schedule:
LENGTH: 4 Hours | Course runs 1 day
Tuesday, 13 May 2025 | Course runs 1 Day
1:00pm-5:00pm Eastern Daylight Time (EDT)
ISPOR short courses are designed to enhance knowledge and techniques in core health economics and outcomes research (HEOR) topics as well as emerging trends in the field. Short courses offer 4 or 8 hours of premium scientific education and an electronic course book. Active attendee participation combined with our expert faculty creates an immersive and impactful learning experience. Short courses are not recorded and are only available during the live course presentation.