What is a cost-effectiveness model (CEM)
Cost-effectiveness models (CEM) are used for cost-effectiveness analysis, which is conducted to study the cost-effectiveness ratio of certain medical procedures aimed to treat a certain disease, as well as their comparison with alternative protocols for treating the same disease. Such analysis is performed today in the USA and many European countries before launching the production of new drugs and medical equipment. It is also used when doctors and public health authorities decide which treatment protocol is more effective to use. What is a cost-effectiveness model The Cost-Effectiveness Model (CEM) is the analytical framework and main digital tool that is used in the cost-effectiveness analysis process. The CEM synthesizes all kinds of information, such as: The natural course of the disease; Effectiveness and consequences of a particular treatment protocol; The quality and life expectancy of the patient after the medical intervention; The amount spent on treatment, etc. The obtained