Institute for Clinical and Economic Review Releases New Draft Evidence Report Using hēRo3℠ Health Economics Modeling Platform
Use of hēRo3℠ Platform by Drug Pricing Watchdog Following Conclusion of Pilot Transparency Initiative Confirms ICER’s Commitment to Cloud-Based Tools
ICER, which is best known as the nation’s independent watchdog on drug pricing, began testing hēRo3 in early 2018, culminating in the organization’s first-ever use of the new modeling platform in a formal evidence review. ICER also used hēRo3 to share its model with manufacturers as a “live” online web app; sharing of models via secure web portals is another innovative feature of the platform.
“In addition to saving us substantial time that we otherwise would spend building models in Excel, we think that hēRo3 will help us advance our ongoing initiative to further modeling transparency,” said
The hēRo3 modeling platform lets users develop and run cost-effectiveness models for new medicines online in substantially less time than typically required when building models from scratch in Excel. In late 2018, ICER announced that it would expand its use of the hēRo3 platform to support its internal modeling needs and to aid in the validation of models developed by ICER’s external partners. In
“We are pleased that ICER decided to use hēRo3 again in a new evidence review, as the organization is unquestionably the most important and influential health-technology assessment group in the U.S.,” said
About hēRo3
hēRo3℠ is a new, secure, web-based, modeling platform that was launched in mid-2018, following months of extensive pilot testing. hēRo3 allows users to build cost-effectiveness models online, and then run and share them as private "live" web apps. All calculations in hēRo3 are performed using an open-source modeling package in the programming language, R, that runs in a virtual private cloud hosted by
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