Markov Cohort Model: 3 States, Cycle by Cycle
This lesson is part of the course
In this lesson
You run a cohort of 1,000 standard-care patients through a Well–Sick–Dead Markov model for five yearly cycles, step by step with plain formulas, and add up the QALYs of the cohort.
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Lessons in this course
- QALYs: Utility × Years in Each Health State Locked
- Discounting Costs & QALYs at 3.5% Locked
- ICER, Incremental Analysis & Dominance Locked
- The Cost-Effectiveness Plane: Quadrants & a Scatter Chart Locked
- Net Monetary Benefit at Willingness-to-Pay Thresholds Locked
- Markov Cohort Model: 3 States, Cycle by Cycle Locked
- One-Way Sensitivity Analysis & the Tornado Diagram Locked
- Budget Impact Analysis: Population × Uptake × Cost Locked