Key result
Applying an iterative Bayesian framework to preoperative optimization with dopexamine showed that following a trial, the population expected value of perfect information increased to 67 million pounds.
An iterative Bayesian framework using value of information analysis can formally incorporate available evidence to guide health technology assessment and future research decisions.
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May inform iterative preoperative decisions; leaves open whether VOI-guided HTA improves outcomes or research efficiency.
PURPOSE: This article presents an iterative framework for managing the dynamic process of health technology assessment. The framework uses Bayesian statistical decision theory and value of information (VOI) analysis to inform decision making regarding appropriate patient management and to direct future research effort over the lifetime of a technology. Within the article, the framework is applied to a policy decision regarding preoperative patient management before major elective surgery, for which trial data are available. METHOD: The evidence available prior to the trial is used to determine the appropriate method of patient management and to ascertain whether, at the time of commissioning, the trial was potentially worthwhile. The prior information is then updated with the trial data via a Bayesian analysis using informative priors. This post trial information set is then used to reassess the appropriate method for patient management and to determine whether there is a requirement for any further research. RESULTS: Prior to the trial, preoperative optimization with dopexamine is identified as the appropriate method of patient management. The results of the VOI analysis suggest that a short-term trial was potentially worthwhile (population expected value of perfect information [EVPI] = 48 million pounds sterling). Following the trial, the uncertainty surrounding the choice of appropriate patient management and the potential worth of further research had increased (population EVPI = 67 million pounds sterling). CONCLUSIONS: The article demonstrates the value and practicality of applying the iterative framework to the dynamic process of health technology assessment. It is only by formally incorporating all of the information available to decision makers, through informed priors, that the appropriate decisions can be made.
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Fenwick et al. (2006) studied Major elective surgery. Preoperative optimization with dopexamine was evaluated on Population expected value of perfect information (EVPI). Applying an iterative Bayesian framework to preoperative optimization with dopexamine showed that following a trial, the population expected value of perfect information increased to 67 million pounds.
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