Last Updated: October 16th, 2025
In the evolving healthcare landscape, economic models must adapt to reflect real-world evidence and support effective value communication. Our Market Access team updates and adapts economic models to ensure they align with current data and address stakeholders’ needs.
What Is Economic Model Update and Adaptation?
Economic model update and adaptation involve revising existing models to incorporate new real-world evidence (RWE), ensuring they remain relevant and accurate for decision-making. This process includes the development of deterministic decision-tree models from defined healthcare payer perspectives and appropriate time horizons, external validation with healthcare payers alongside internal validation using standard model checklists to ensure robustness and reliability, and the integration of observational research that enables users to switch between different data inputs and scenarios as evidence evolves.
How Our Technology Delivers Results
Our specialists combine strategic insight and clinical knowledge to build models that drive meaningful decisions.
Model Architecture
Developed a decision-tree framework tailored to the specific healthcare system, capturing a two-year treatment horizon.
Robust Validation
Cross-checked outputs with payer input and internal quality protocols to ensure reliability and confidence in results.
Integrating Real-World Data
Added observational evidence, giving users the ability to explore multiple datasets and perspectives when evaluating outcomes.
How Our Practical Agility Keeps Teams Ahead
We deliver solutions efficiently by combining a lean structure with rapid collaboration, keeping projects responsive to evolving needs.
Interactive Tools: Created intuitive interfaces with layered explanations, guided navigation, and embedded patient journey context for easy adoption.
Evidence-Driven Messaging: Translated model outputs into clear value narratives and actionable objection-handling strategies for stakeholders.
Comprehensive Documentation: Produced user manuals and technical reports that clarify model assumptions, calculations, and practical applications.
Customer Testimonies
Why This Matters for Value Communication
By continuously updating and adapting economic models, our market access team ensures that stakeholders have access to the most current and relevant information, supporting effective value communication and informed decision-making in the healthcare sector.
Key Takeaways for Maximizing Model Impact
Fostering cross-team collaboration early helps ensure that assumptions and priorities are aligned from the outset. Transparency throughout the modeling process builds credibility with payers and other stakeholders, while an iterative approach treats models as dynamic tools that evolve as new evidence becomes available. Customizing insights and narratives for different payer audiences and geographic markets improves relevance and impact, and leveraging model findings proactively supports the identification and closure of evidence gaps through targeted research.
Is your economic model up to date?
Meet our Modeling Experts
Holly Guy
Executive Director
She brings extensive HEOR experience across the product lifecycle, with 30+ successful HTA submissions to NICE, SMC, AWMSG, and other European agencies. She has represented pharma companies at appraisal committee meetings and led the team behind the first new advanced ovarian cancer treatment approved in nearly 20 years.
Vicki Laskier
Director
Vicki specializes in HEOR strategy, with experience across HTA dossiers, systematic reviews, and economic models. She has contributed to 19+ HTA submissions to NICE, SMC, and NCPE, represented companies at HTA meetings, and developed payer-focused tools using advanced statistical methods.
FAQs on Global Price Targeting
- What is economic model update and adaptation?
It involves revising existing models to incorporate new real-world evidence, ensuring they remain relevant and accurate for decision-making. - How does Fiecon update economic models?
Fiecon, a Herspiegel company, updates models by integrating observational research, validating them with healthcare payers, and designing user-friendly tools to support value messaging. - Why are regular model updates important?
Regular updates ensure that economic models reflect the latest evidence, support effective value communication, and facilitate informed decision-making. - Who benefits from updated economic models?
Stakeholders across the healthcare sector, including payers, providers, and pharmaceutical companies, benefit from updated models that provide accurate and actionable insights.