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. Author manuscript; available in PMC: 2022 Jun 9.
Published in final edited form as: Med Decis Making. 2021 Mar 18;41(4):453–464. doi: 10.1177/0272989X21995805

Table 3.

Outcomes by Model Type

ICER:
PGx Testing vs.
No Testing
NMB:
PGx Testing
vs.
No Testing
$100k/QALY
Deterministic Models
 Differential Equations 103,212 −18.4
 Markov Cohort - Basic Rate-to-Probability Adjustment1
  Daily Cycle 103,173 −18.2
  Monthly Cycle 102,175 −12.6
  Yearly Cycle 91,929 51.9
 Markov Cohort - Embedded2
  Daily Cycle 103,206 −18.3
  Monthly Cycle 103,158 −18.1
  Yearly Cycle 103,181 −18.2
Stochastic Models (M = 10 million simulated patients)
 Discrete Event Simulation 103,345 −19.1
 Microsimulation - Yearly Cycle (15,925) −84.0
 Microsimulation - Daily Cycle 2,286 25.0
 Embedded Microsimulation - Yearly Cycle (4,880) −296.0
 Embedded Microsimulation - Monthly Cycle  28199  −158

Notes:

1

Basic rate-to-probability adjustment based on P(t) = 1 - e-rt, where r is the rate and t is the time step.

2

Embedded probability matrix based on P(t) = etG, where t is the time step and G is a transition intensity matrix.

ICER = Incremental Cost-Effectiveness Ratio

NMB = Net Monetary Benefit

Negative ICERs indicate the PGx strategy is dominated but are shown to demonstrate magnitude of differences across modeling approaches.

ICER and NMB values will not match those constructed manually due to rounding in the reported average costs and QALY estimates.