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Pharmacoeconomics and Real-World Evidence Analytics

Marshall University

Dr. Joon W. “Simon” Shim is an Associate Professor of Biomedical Engineering at Marshall University with a growing focus on the application of real-world evidence (RWE) and data-driven approaches to healthcare research. His work integrates biomedical science with healthcare data analytics to better understand disease burden, treatment outcomes, and healthcare utilization. With a research foundation in neurovascular biology of Alzheimer’s, Parkinson’s, and hydrocephalus, he is particularly interested in how pharmacoeconomic frameworks can be applied to the valuation of new neuro-technologies and biologics.

Dr. Shim leverages real-world data sources and quantitative methodologies to support comparative effectiveness research and inform clinical and policy decision-making. His expertise includes the application of pharmacoeconomic principles, such as cost-effectiveness analysis, to evaluate the value and impact of emerging therapies.

With a strong emphasis on translational and interdisciplinary research, he bridges clinical insights with RWE and economic evaluation frameworks to advance value-based, evidence-driven healthcare decisions.

Dr. Joon W. “Simon” Shim is a faculty member at Marshall University. He conducts this training program in his personal capacity and not as a representative of, or on behalf of, Marshall University. Programs will be conducted during the following periods: May–June; September–October; February–March.

Main Areas of Interest

• Pharmacoeconomics and cost-effectiveness analysis
• Real-world evidence (RWE) and healthcare data analytics

Specialties

Health Economics

Techniques You Will Learn

• Cost-effectiveness, cost-utility, and budget impact analyses
• Design and interpretation of real-world evidence studies
• Use of healthcare databases (EHR, claims, registries)
• Data cleaning, management, and analysis of real-world datasets
• Comparative effectiveness research using RWD
• Decision-analytic modeling (e.g., Markov models, decision trees)
• Applying RWE and economic evaluations to inform healthcare decisions

Modules

Introduction to Pharmacoeconomics
Fundamental concepts in pharmacoeconomics, including types of economic evaluations and their role in healthcare.

Cost-Effectiveness and Economic Evaluation Methods
In-depth exploration of cost-effectiveness, cost-utility, and budget impact analyses with practical examples.

Real-World Evidence and Data Sources
Overview of real-world data (EHR, claims, registries) and key principles in generating high-quality RWE.

Healthcare Data Analytics and Comparative Effectiveness
Methods for analyzing real-world datasets, including study design and comparative effectiveness research.

Decision Modeling and Application in Healthcare Decision-Making
Use of decision-analytic models and integration of RWE and economic evaluations to inform policy and clinical decisions.

Program Fee


Total Number of Modules	5
Time Duration of Each Module	30 minutes
Total Program Cost	$650.00

Who Can Apply

Graduate students (MSc, PhD) in health economics, public health, epidemiology, biostatistics, or related quantitative health sciences
Medical students, residents, and clinical fellows with an interest in healthcare analytics, outcomes research, or economic evaluation
Early- to mid-career researchers and faculty seeking to build expertise in pharmacoeconomics and real-world evidence (RWE)
Professionals from pharmaceutical, biotech, consulting, or healthcare industries involved in market access, HEOR, or data analytics
Individuals with foundational knowledge in statistics, research methods, or healthcare data who are interested in cost-effectiveness analysis and real-world data applications

Host Details

Host Name: Dr. Joon W. 'Simon' Shim

Affiliation: Marshall University

Address: Huntington, West Virginia, United States

Website URL:

Disclaimer:It is mandatory that all applicants carry workplace liability insurance, e.g., https://www.protrip-world-liability.com (Erasmus students use this package and typically costs around 5 € per month - please check) in addition to health insurance when you join any of the onsite Trialect partnered fellowships.

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