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The time trade-off is a method for valuing health states in which respondents are asked how much time in full health they would regard as equivalent to a longer period in a given, poorer health state, the ratio of the two durations yielding the utility of that state. By requiring respondents to give up length of life to escape poorer health, it captures the strength of their preferences in an intuitive way that many find easier than the standard gamble, since it does not involve probabilities. It is one of the principal techniques used to derive the utilities that underpin quality-adjusted life years, including the values behind preference-based measures such as the EQ-5D. Its results can be affected by attitudes to time and by how the task is framed, which are recognised methodological considerations.
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NICE HTA Strategy and Submission
Navigate the complexities of NICE Health Technology Assessment (HTA) submissions with our expert strategic guidance.…
Health Economics and Outcomes Research (HEOR)
Specialising in economic modelling for the medical device and life sciences sectors, our HEOR service…
Strategy Development
Leading in market access, Strategy Development from Health Analytical Solutions moves beyond just market entry…
Reimbursement Strategy and Support
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NHS Drug Tariff Submission Support
Our NHS Drug Tariff Submission Service offers specialised expertise in health economics, crucial for navigating…
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Value Proposition Development for MedTech
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Stakeholder Engagement for Health Technologies
In the complex ecosystem of healthcare, effectively engaging with key stakeholders is fundamental to the…
Sustainability and NET Zero for MedTech
In an era where sustainability is not just an option but a necessity, MedTech companies…
Evidence Generation and Management
In the MedTech sector, the value of an innovation is increasingly measured not just by…
Dashboard Tools for Market Access
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MedTech Sales Team Empowerment
The UK's National Health Service (NHS) represents a unique and complex market for MedTech sales.…
NHS MedTech Business Case Formulation
Securing NHS adoption for MedTech innovations demands not just outstanding technology but also a compelling…
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