Microsoft Excel
The world's most popular spreadsheet program.
Overview
Microsoft Excel is a powerful and versatile spreadsheet application that is a staple in most business and research environments. In health economics, it is widely used for building cost-effectiveness models, budget impact models, and other types of decision-analytic models. Its flexibility, familiarity, and extensive set of functions make it a go-to tool for many health economists, despite the availability of more specialized software.
✨ Key Features
- Spreadsheet and calculation engine
- Formulas and functions for a wide range of calculations
- Charting and data visualization tools
- Pivot tables for data analysis
- Visual Basic for Applications (VBA) for automation and custom functions
- Solver add-in for optimization
🎯 Key Differentiators
- Ubiquity and familiarity
- Advanced features and functions
- Strong integration with other Microsoft products
Unique Value: Provides a universally accessible and highly flexible platform for a wide range of data analysis and modeling tasks, including health economics.
🎯 Use Cases (4)
✅ Best For
- The de facto standard for spreadsheet-based modeling in many organizations.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Complex probabilistic sensitivity analysis (can be cumbersome and slow)
- Large-scale data analysis
- Models requiring a high degree of transparency and auditability
🏆 Alternatives
More powerful and feature-rich than Google Sheets, with better offline capabilities.
💻 Platforms
✅ Offline Mode Available
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (Business and Enterprise plans tier)
🔒 Compliance & Security
💰 Pricing
✓ 30-day free trial
Free tier: Web-based version with limited features.
🔄 Similar Tools in Health Economics
TreeAge Pro
A visual modeling tool for decision trees, Markov models, and simulations in healthcare....
Analytica
A visual software for building and analyzing quantitative decision models....
Stata
Statistical software for data science, used for data manipulation, visualization, and analysis....
R
A free software environment for statistical computing and graphics....
Python
A versatile, high-level programming language used for a wide range of applications, including data s...
BaseCase (Certara)
A platform for creating interactive, cloud-based presentations for value communication in life scien...