Health economics

Health economics is concerned with the efficient, effective, and equitable use of resources. Health economics makes it possible for decision-makers in the health sector to compare the costs and benefits of their actions and identify the how best to use the available resources to improve health outcomes.

We undertake a variety of methodological and applied health economics research to inform policy and resource allocation decisions in Australia and overseas. These include econometrics analysis and machine learning, economic evaluation (cost-effectiveness analysis, cost-benefit analysis, and cost-utility analysis), measurement of efficiency and equity in health services, and health systems financing research.

We cover a broad range of areas in health economics, including:

• Economic evaluation of new and existing health interventions to estimate the value for money.
• Development and application of econometric analysis and machine learning to guide health policy decisions.
• Modelling the impact of population-based interventions on disease and healthcare ustilisation. 
• Application of big data analytics in health economics.
• Evaluation of equity and efficiency of inventions and health financing mechanisms.
• Evaluation of performance of National Health Insurance schemes.

We undertake this research through research grants, student research projects, and short-term consultancies.