Evidence map›Paper›PMID 42864590›Full record

ArticlePharmacoEconomics - open2026

Conceptualising Health Economic Models Using a Graph Retrieval-Augmented, Agentic AI Framework with Human-in-the-Loop Validation: Proof-of-Concept Study.

Tushar Srivastava, Hanan Irfan, Shilpi Swami

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Article in PharmacoEconomics - open, 2026. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.

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4 · The record

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5 · Who and what money

Authors and funding

3 authors.

Tushar SrivastavaConnectHEOR, 5 St John's Lane, London, EC1 M4BH, UK. tushar.srivastava@connectheor.com.ORCID http://orcid.org/0000-0002-5961-9348
Hanan IrfanConnectHEOR, 5 St John's Lane, London, EC1 M4BH, UK.
Shilpi SwamiConnectHEOR, 5 St John's Lane, London, EC1 M4BH, UK.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

objectiveHealth economic models (HEMs) are crucial for assessing the cost-effectiveness of healthcare interventions, informing policy decisions and guiding reimbursement strategies. This study examines the feasibility of employing generative artificial intelligence (Gen-AI) for the conceptualisation of HEMs. Two proof-of-concept studies were conducted, implementing a first-of-its-kind agentic Gen-AI-augmented approach for model conceptualisation.

methodsAn agentic Gen-AI framework was developed, incorporating the chain-of-thought (CoT) reasoning algorithm through advanced prompt engineering, compounded with self-consistency, executed in an external Python programming environment. Within this framework, an agentic execution layer (the 'agent') autonomously orchestrated a multi-step retrieval-reasoning-generation task. Additionally, a graph-based retrieval-augmented generation (RAG) technique was implemented by linking the large language model (LLM) to an external database curated with user-selected data specific to HEM. Two case studies were explored: breast cancer, representing a data-rich disease area, and transthyretin amyloid polyneuropathy (ATTR-PN), exemplifying a data-sparse rare disease.

resultsThe agentic Gen-AI framework successfully generated two key outputs that were subsequently validated against published literature and expert review from health economic (HE) modelers and clinicians: (1) a disease concept diagram illustrating the progression of the disease and its associated health states, and (2) a model structure diagram depicting patient transitions between various health states.

conclusionsThe findings suggest that Gen-AI-augmented methodologies can enhance multiple aspects of HEM conceptualisation, including problem definition, disease and treatment effect pathway development, model structure recommendations, and drafting of model specification plans. To the best of the authors' knowledge, this is the first study to integrate cutting-edge Gen-AI techniques such as human-in-the-loop (HITL), chain of thought-self-consistency (CoT-SC), and graph-based RAG for HEM conceptualisation or broader health economics and outcomes research (HEOR) applications.

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Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.