PAID 4.0
PAID 4.0 is a web-based tool that helps researchers estimate future healthcare costs when evaluating medical treatments. It calculates expected annual healthcare spending for individuals based on their age, sex, and how close they are to death, allowing for more accurate long-term cost predictions in health studies.
At a glance
Use when
Conducting long-term economic evaluations where future unrelated medical costs are relevant; modeling chronic diseases with significant end-of-life cost components; when detailed, stratified cost projections are needed.
Avoid when
When only short-term cost impacts are of interest; when detailed local cost data are unavailable and cannot be adapted; when non-healthcare societal costs are the primary focus.
Inputs
Intervention parameters such as population age, sex, and mortality risk; user-defined scenarios for disease progression or treatment effects.
Outputs
Per capita annual healthcare cost projections stratified by age, sex, and proximity to death; case-specific estimates of future unrelated medical and non-medical costs.
How it works
PAID 4.0 is a web-based application that generates per capita annual healthcare expenditure projections by integrating user-specified intervention parameters with stratified cost data by age, sex, and proximity to death. It supports the inclusion of unrelated medical and non-medical costs in economic evaluations, improving the accuracy of long-term cost modeling in health technology assessment.
- Project
- HI-PRIX
- Funding
- Horizon Europe
- Project status
- Ongoing
- HTA domains
- Costs & Economic Evaluation
- Technology
- Non-specific
- Assumptions
- Future healthcare costs are influenced by age, sex, and time to death; baseline expenditure patterns are generalizable across populations with similar demographic and mortality profiles.
- Strengths
- Enables more comprehensive and realistic long-term cost estimation in economic models; accounts for key demographic and mortality-related drivers of healthcare spending; web-based and user-friendly interface.
- Limitations
- May not capture region-specific cost variations without local calibration; relies on aggregate expenditure data which may mask individual-level heterogeneity; limited to healthcare cost projections and does not include broader societal costs by default.
Questions this answers
- › How can I include future unrelated healthcare costs in my economic evaluation?
- › What will the long-term healthcare costs be for a patient population based on age and sex?
- › How does proximity to death affect projected healthcare expenditures?
- › Can I get personalized cost estimates for different patient groups?
- › How does PAID 4.0 improve the accuracy of economic models?
- › Is PAID 4.0 suitable for use in cost-effectiveness analyses?
Similar by meaning
Beta record. Based on the original catalogue summary; primary-source enrichment pending.