Early economic modelling for AI medical devices

Unlock the Full Potential of Your Software Medical Device with Early Health Economic Modelling

Software and AI medical devices must prove their worth in a competitive healthcare market. In today’s landscape, demonstrating value for money isn’t just a nice-to-have, it’s a must-have. Healthcare systems face constant pressure to stretch limited budgets, prioritising innovations that deliver maximum impact. For software medical devices, where traditional clinical trial data may be scarce, early economic modelling is your secret weapon to showcase your product’s potential and secure its future.

What is Early Health Economic Modelling?

Early health economic modelling is a game-changing approach that evaluates the potential cost-effectiveness of your software medical device before you pour resources into full-scale development or clinical validation. Using cutting-edge health economic techniques, we simulate how your device stacks up against existing solutions, estimate its financial and clinical benefits, and pinpoint the factors that drive its value. This isn’t just number-crunching, it’s a strategic roadmap to ensure your innovation succeeds.

Best Practices

Leverage our deep knowledge and tested strategies.

Early health economic models could include cost effective analyses, budget impact modelling, multi-criteria decision analysis, or cost calculators. The choice in model highly depends on what your value proposition is, the pre-existing evidence you have, and the time scale that you want to demonstrate value over. All our health economic models can be converted to manuscript format for publication in peer reviewed journals, or used as interactive budget tools for sales teams.

Case Study

How Hardian solves the problem.

Hardian are currently working on a number of early health economic models to assess individual AI interventions that support medical imaging. We tailor our approach to complement the specific product needs and healthcare system requirements. Our partnership with Aidence is a perfect demonstration of the deep partnerships we form across industry and academia, to help companies realise their health economic goals.

Your health economics team

Unlock the value of your health tech innovation with Trishal, Lucy, Heenal and Julia, our health economics specialists who excel at showcasing your product's cost-effectiveness and budgetary impact through data-driven research and economic models, facilitating stakeholder engagement and market adoption.