ArticleJournal of the Royal Statistical Society. Series A, (Statistics in Society)2016
A quasi-Monte-Carlo comparison of parametric and semiparametric regression methods for heavy-tailed and non-normal data: an application to healthcare costs.
Article in Journal of the Royal Statistical Society. Series A, (Statistics in Society), 2016. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 14 papers.
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Who cites it
14 citing papers in PubMed.
- Incremental Costs and Cost Effectiveness of Intensive Treatment in Individuals with Type 2 Diabetes Detected by Screening in the ADDITION-UK Trial: An Update with Empirical Trial-Based Cost Data.Value in health : the journal of the International Society for Pharmacoeconomics and Outcomes Research · 2017Trial
- Risk adjustment for regional healthcare funding allocations with ensemble methods: an empirical study and interpretation.The European journal of health economics : HEPAC : health economics in prevention and care · 2024Article
- Machine learning versus regression modelling in predicting individual healthcare costs from a representative sample of the nationwide claims database in France.The European journal of health economics : HEPAC : health economics in prevention and care · 2022Article
- Application of Bayesian network and regression method in treatment cost prediction.BMC medical informatics and decision making · 2021Article
- Mapping the Strengths and Difficulties Questionnaire onto the Child Health Utility 9D in a large study of children.Quality of life research : an international journal of quality of life aspects of treatment, care and rehabilitation · 2019Article
- An Educational Review About Using Cost Data for the Purpose of Cost-Effectiveness Analysis.PharmacoEconomics · 2019Review
- A framework for conducting economic evaluations alongside natural experiments.Social science & medicine (1982) · 2019Review
- The impact of waiting time on patient outcomes: Evidence from early intervention in psychosis services in England.Health economics · 2018Article
- Article
- Tweedie distributions for fitting semicontinuous health care utilization cost data.BMC medical research methodology · 2017Article
- Hospital Costs of Foreign Non-Resident Patients: A Comparative Analysis in Catalonia, Spain.International journal of environmental research and public health · 2017Article
- Comparison of EHR-based diagnosis documentation locations to a gold standard for risk stratification in patients with multiple chronic conditions.Applied clinical informatics · 2017Article
- Regression-Based Approaches to Patient-Centered Cost-Effectiveness Analysis.PharmacoEconomics · 2017Article
- Estimating Health Cost Repartition Among Diseases in the Presence of Multimorbidity.Health services research and managerial epidemiologyArticle
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4 authors.
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Abstract
We conduct a quasi-Monte-Carlo comparison of the recent developments in parametric and semiparametric regression methods for healthcare costs, both against each other and against standard practice. The population of English National Health Service hospital in-patient episodes for the financial year 2007-2008 (summed for each patient) is randomly divided into two equally sized subpopulations to form an estimation set and a validation set. Evaluating out-of-sample using the validation set, a conditional density approximation estimator shows considerable promise in forecasting conditional means, performing best for accuracy of forecasting and among the best four for bias and goodness of fit. The best performing model for bias is linear regression with square-root-transformed dependent variables, whereas a generalized linear model with square-root link function and Poisson distribution performs best in terms of goodness of fit. Commonly used models utilizing a log-link are shown to perform badly relative to other models considered in our comparison.
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