Jaime Caro

Jaime Caro
Contact Information
Address: 

500 Totten Pond Road

Waltham, MA, USA 02451

Phone: 
Tel: 978-371-1660
Fax: 978-371-2445
Email address: 
jaime.caro [at] mcgill.ca
Biography: 

J. Caro develops and applies novel techniques in modeling, health economics, comparative effectiveness, epidemiology, and outcomes research. To provide a better alternative to the well-known QALY, he is working on the BADI, a broader approach to valuing health benefits. He continues to develop DICE, the unified approach to health economic modeling that he created. Working with health technology assessment agencies and academic groups, he is formalizing this innovation to enable rapid, standardized and less error-prone development of decision-analytic models. Dr. Caro has adapted an engineering technique – discrete event simulation – to model diseases and their treatment and extended it to simulate the design of clinical trials and observational studies. He applied this technique to provide comparative effectiveness information in the absence of head-to-head trials in a new method called Simulated Treatment Comparisons and is applying simulation to make registries more feasible and efficient – an approach called SAVES. He proposed an innovative approach to the assessment of health technologies involving the efficiency frontier and is helping address the growing problem of judicialization of health care system decisions.

Publications

Areas of expertise: 

Methodological developments in health technology assessment — in particular in the design of economic models and related analytic techniques — and on the application of epidemiologic principles to this emerging field.

Additional research fields: Simulation

Group: 
Adjunct Professors
Research areas: 
Epidemiologic Methods
Health Services and Health Policy
Pharmacoepidemiology
Areas of interest: 

Keywords: Simulation, health economics, modeling, QALY, value assessment, cancer, regenerative medicine, DICE simulation

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