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Health Economics Wiki
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Cohort Model

A model that simulates a hypothetical cohort of patients, tracking the proportion in each health state over time.

Definition

A cohort model simulates a notional group (cohort) of patients rather than individuals. At each cycle, the proportion of patients in each health state is updated using transition probabilities. Cohort models are computationally efficient and are the most common approach in health technology assessment. They assume homogeneity within health states (the Markov property).

Canonical Identity

Version
1.0.0
Published
4/26/2026
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