The buzz around the use of AI in health economics and outcomes research (HEOR) and real-world evidence (RWE) has continued this year after considerable interest at ISPOR International 2024 and ISPOR Europe 2023. Potential uses of AI span numerous areas, including identifying PICO criteria (a key topic ahead of the implementation of the Joint Clinical Assessment [JCA] process), conducting systematic literature reviews (SLRs) and network meta-analyses and developing economic evaluations and Health Technology Assessment (HTA) dossiers. The potential of AI as a tool to help Health Technology Developers meet very tight JCA dossier development timelines was highlighted in several sessions, with Ipek Özer Stillman illustrating several examples of where AI can be leveraged to improve efficiency in a specific session on this topic.1
The most frequently highlighted applications of generative AI (genAI) in HEOR at ISPOR Europe 2024 were integration into the SLR process and health economic model development process to enhance efficiency.
SLRs were referred to as the ‘low-hanging fruit’ for AI integration throughout the conference. Various AI applications have been explored to enhance SLR efficiency, particularly in the literature screening stage:
Performance of the evaluated tools often varied with context, indicating a need for refinement. AI tools were also more adept at recognising clearer study designs such as randomised controlled trials than more ambiguous observational studies. Many studies utilised retrospective datasets, necessitating further research to confirm these findings in prospective SLRs. As AI technology progresses, ongoing refinement and awareness of these limitations are essential for its reliable integration into SLRs.
The potential of genAI to facilitate tasks like translating natural language into programming languages and enhancing model development is recognised as a potential force multiplier for health economists. The use of genAI in health economic modelling is not currently mainstream. However, it was clear at the conference that the potential of AI is already being explored for tasks such as automatically updating inputs within a cost-effectiveness model to localise to a specific market,7 support with model scoping and identifying the most appropriate survival extrapolations to use in partitioned survival models.8,9
The use of AI in health economic modelling and HEOR was the subject of two ISPOR short courses for the first time this year. The short courses demonstrated several use cases for AI in health economic modelling, however it was clear some element of upskilling may be required before efficiency gains can be realised given the requirement for familiarity AI techniques like prompt engineering. AI tools also do not interact with the Microsoft Excel format in the same way that a human user would, so it may be more appropriate to use AI to support with script-based modelling in R or Python. This may limit the applicability of AI in health economic modelling in the short term, as health economic models are currently built predominantly in Microsoft Excel due to limited acceptance of R-based models by HTA bodies. Conversely, the advent of AI could be used to facilitate the move towards HTA bodies being more accepting of models in R or other languages, as AI will allow for faster creation and review of code.
However, barriers remain to effective use of AI in model development. For example, one session looked at using AI to build health economic models and found that genAI invented fake references, hallucinated inputs, and created model health states that did not appropriately link to other health states.10 Many HTA bodies remain tentative about fully accepting AI-generated models as a result.
There was a general consensus that a 100% human-in-the-loop approach remains essential to ensure reliability and trustworthiness of AI outputs in SLRs and health economic modelling at present, in line with the principles of Responsible AI. This raises questions around the actual efficiency gains associated with the use of AI in the short term given the need for extensive validation. Multiple sessions highlighted that while genAI tools do offer potential speed advantages, further progress is required in key areas before AI can be used confidently in HEOR:1,5,6
Overall, it was clear that the use of genAI in HEOR is only going to increase over time. However, discussions at ISPOR underscored the importance of a balanced approach—leveraging AI’s strengths where they can truly make a difference to efficiency, while maintaining rigorous oversight and evaluation to safeguard the integrity and quality of outputs in healthcare research.
This is well aligned to our approach to integration of AI here at Costello Medical: we believe that maintaining a 100% human-in-the-loop approach is essential during this phase of AI integration and our focus remains on accuracy, quality and reliability while adopting innovations where they can really make a difference to efficiency. We use enterprise-grade security for all AI tools to protect data privacy, and test all technical innovations rigorously prior to wider use. We are currently embedding sector-specific solutions into key workflows across the company where we believe they can truly make a difference:
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If you would like any further information on the themes presented above, please do not hesitate to contact Helen Bewicke-Copley, Consultant (LinkedIn), Ellie Atkinson, Senior Analyst (LinkedIn), Emma Worthington, Senior Analyst (LinkedIn) or Thomas Kloska, Senior Health Economist (LinkedIn). Helen Bewicke-Copley, Ellie Atkinson, Emma Worthington and Thomas Kloska are employees at Costello Medical. The views/opinions expressed are their own and do not necessarily reflect those of Costello Medical’s clients/affiliated partners.