The Institute of Health Economics
The Institute of Health Economics is an independent Canadian not-for-profit research organization providing health technology assessments, evidence syntheses, economic modeling, and policy advisory services to federal and provincial health ministries, healthcare industry partners, and healthcare organizations across Canada.
- Company typePrivate
- Founded2005
- HeadquartersEdmonton, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What The Institute of Health Economics does
The Institute of Health Economics (IHE) is an independent, not-for-profit research and advisory organization headquartered in Edmonton, Alberta, with institutional lineage to the Alberta Heritage Foundation for Medical Research HTA unit dating to 1996 and formal incorporation in 2005. It operates four core service lines — Economics/Data & Modeling, Evidence Synthesis, Health Technology Assessment, and Policy & Engagement — through which it produces HTA reports, systematic reviews, economic evaluations, geospatial analyses, microsimulations, and policy options for federal, provincial, and territorial health ministries and healthcare stakeholders. Its work is supported by a 555+ publication resource library and increasingly by interactive decision-support tools such as the 2025 MRI Optimization Shiny application and the Health Technology Innovation Platform (HTIP), a public-private partnership developing outcomes-based-agreement playbooks for pharmaceutical reimbursement.
IHE's business model is contracted research and advisory services: revenue is generated through negotiated engagements with government health ministries (Alberta Health, BC Ministry of Health), federal agencies (Canada's Drug Agency), healthcare industry partners, and non-profit organizations; no public pricing exists and no revenue figures are disclosed. Distribution is direct enterprise/government sales with no third-party channel structure. Customer segments are dominated by Canadian provincial governments, with additional relationships across healthcare industry partners and multi-provincial collaborations such as the Prairie Collaborative framework with Alberta, Manitoba, and Saskatchewan. The organization has established international footprint through UNIVANTS Healthcare Excellence Program co-founding partnership and PHSSR's Canada Report contribution.
Technologically, IHE combines health-economics domain specialization with applied AI tooling in evidence synthesis (DistillerSR, Covidence, ASReview), exploratory generative AI use, geospatial analysis of healthcare administrative data, and microsimulation modeling (OncoSim-Breast). Its competitive advantage rests on multi-disciplinary talent, sustained provincial-government relationships, independent non-profit credibility, and a multi-decade publication record that supports trust in policy-facing outputs. Not being an investor-backed entity, IHE has no funding rounds; capital structure consists of contract revenue and grant inflows, and expansion is paced by policy-buyer demand rather than capital availability.
The Institute of Health Economics firmographics
Firmographics- Name
- The Institute of Health Economics
- Legal name
- Institute of Health Economics
- Website
- https://ihe.ca
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Institute of Health Economics is an independent Canadian not-for-profit research organization providing health technology assessments, evidence syntheses, economic modeling, and policy advisory services to federal and provincial health ministries, healthcare industry partners, and healthcare organizations across Canada.
- Ownership category
- akta.pro rank
The Institute of Health Economics industry classification
Industry- Product category
- Health Economics Research and Consulting
- NAICS
- Scientific Research and Development Services (5417), Research and Development in the Social Sciences and Humanities (54172)
- SIC
- Services-Commercial Physical & Biological Research (8731), Services-Health Services (8000)
- akta.pro primary industry
- Economic Evaluation & Health Technology Assessment (Public Programs) (HLAJANAL)
- akta.pro secondary industries
- Health Technology Assessment (HTA) & Reimbursement Policy Bodies (HLAJACAF), Market Access, Pricing & Reimbursement (Evidence Generation) FSP (HLAGAOAN), Monitoring, Evaluation, Performance Management & Quality Improvement (HLAJAMAJ)
Keywords
Where The Institute of Health Economics is headquartered
LocationHeadquarters
- HQ city
- Edmonton
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
The Institute of Health Economics business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Research Contracts: IHE generates revenue through contracted research engagements with government health ministries, healthcare organizations, and industry partners. The organization conducts health technology assessments, evidence syntheses, and policy analyses funded by organizations such as Alberta Health, British Columbia Ministry of Health, and Canada's Drug Agency.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
The Institute of Health Economics product offering
Product offeringCore offering
The Institute of Health Economics (IHE) is an independent not-for-profit organization that conducts contracted health economics research, health technology assessments (HTA), evidence syntheses, and economic modeling for governments, healthcare organizations, and industry partners. It supports healthcare decision-making by integrating clinical, economic, ethical, and societal perspectives, and operates the Health Technology Innovation Platform (HTIP), a public-private partnership developing an Outcomes-Based Agreements Playbook for pharmaceutical reimbursement. Its work is distributed through a Resource Library of 555+ publications.
Product overview
The Institute of Health Economics (IHE) is an independent not-for-profit organization offering four core service areas: Economics, Data & Modeling; Evidence Synthesis; Health Technology Assessment; and Policy & Engagement. These services are supported by a searchable Resource Library containing 555+ publications. IHE also operates the Health Technology Innovation Platform (HTIP), a public-private partnership developing an OBA Playbook for pharmaceutical reimbursement. Key digital products include an MRI Optimization Tool (interactive web application) and featured policy reports on disease economic burden.
Differentiator
Problem solved
Functional benefit
Brands
- HTIP (Health Technology Innovation Platform): A public-private partnership with the mission of enabling timely and appropriate patient access to innovative therapeutics. Developing an OBA Playbook to support outcomes-based agreements in pharmaceutical reimbursement.
Products and services
- Economics, Data & Modeling Service offering that uncovers key insights from complex healthcare data using advanced economics, modeling, and analytics to help decision-makers understand financial and systemic impacts of healthcare systems, innovations, and interventions.
- Evidence Synthesis Service offering that leverages rigorous research methods to synthesize evidence across diverse health conditions, technologies, and jurisdictions to support informed policy and practice.
- Health Technology Assessment Service offering providing comprehensive, multi-disciplinary assessments of health technologies integrating clinical, economic, ethical, and societal perspectives for confident adoption and implementation decisions.
- Policy & Engagement Service offering providing independent, evidence-informed policy options and facilitating balanced discussions between industry, government, and healthcare leaders to advance practical health system solutions.
- Health Technology Innovation Platform (HTIP) Public-private partnership platform developing an OBA (Outcomes-Based Agreements) Playbook to support design and implementation of OBAs in pharmaceutical reimbursement. Uses MVP approach focusing on implementable opportunities.
- MRI Optimization Tool Interactive demonstration application for exploring MRI wait time optimization scenarios. Allows users to evaluate how changes in MRI capacity and scheduling by urgency level can impact wait times and downstream health outcomes in Alberta.
Quantifiable outcome
- Produced over 555 publications and reports supporting evidence-based healthcare decision-making across Canada and internationally.
- +2 more outcomes
Companies that use The Institute of Health Economics
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
The Institute of Health Economics technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature5 records
The Institute of Health Economics partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered moderate, major and core.
- Partnership for Health Sustainability and Resilience (PHSSR)moderateIHE contributed as part of the team authoring the Canada Report for the Partnership for Health Sustainability and Resilience initiative. PHSSR is a global collaboration between academic, non-governmental, life sciences, healthcare and business organizations, with assessments underway in over 20 countries.
- Canadian Partnership Against Cancer (CPAC)majorIHE collaborated with CPAC using the OncoSim-Breast microsimulation model led by Canadian Partnership Against Cancer, with model development by Statistics Canada, to assess comparative effectiveness of breast cancer screening strategies in Canada.
- Health Technology Innovation Platform (HTIP)coreHTIP is described as a public-private partnership with the mission of enabling timely and appropriate patient access to innovative therapeutics. The platform develops playbooks and tools to support the design and implementation of outcomes-based agreements (OBAs) in pharmaceutical reimbursement, facilitating collaboration between public and private stakeholders in the healthcare ecosystem.
- Canada's Drug AgencymajorCanada's Drug Agency provided financial contribution through a research contract supporting IHE's work on measuring and incorporating caregiver utility for economic evaluations. This represents a federal-level engagement supporting health economics research.
- British Columbia Ministry of HealthmajorThe Health Technology Assessment Office of the Ministry of Health, Province of British Columbia supported multiple HTA reports including fecal microbiota transplantation for CDI treatment, sacral nerve stimulation for fecal incontinence, and hybrid closed loop insulin delivery systems. Views expressed do not necessarily represent official provincial policy.
- UNIVANTS Healthcare Excellence Program PartnerscoreIHE is a founding partner of the international UNIVANTS Healthcare Excellence Program along with 7 other healthcare organizations. The program showcases innovative programs in Laboratory Medicine and recognizes best practices through an awards structure.
- Prairie Collaborative (Alberta, Manitoba, Saskatchewan Ministries of Health)majorThe Prairie Collaborative Immune Globulin Utilization Management Framework project was a trilateral agreement between Alberta, Manitoba, and Saskatchewan ministries of health, involving multidisciplinary committees to establish criteria for IG therapy and increase accountability for quality, safety, and sustainability of the blood supply system.
- North American Observatory on Health Systems and PoliciesmoderateIHE collaborated with the North American Observatory on Health Systems and Policies on rapid reviews including emergency department diversion initiatives and primary care governance and financing models.
- Royal Society of CanadamajorIHE CEO Dr. Christopher McCabe chaired the COVID-19 and Economic Recovery Working Group of the Royal Society of Canada Task Force on COVID-19, contributing to the report 'Renewing the Social Contract: Economic Recovery in Canada from COVID-19'.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
The Institute of Health Economics competitors and assessment
Company assessmentDirect peers
- Canadian Agency for Drugs and Technologies in Health (now Canada's Drug Agency): Canada's national HTA body that produces HTAs, reimbursement recommendations, and evidence syntheses for federal/provincial payers. Most directly comparable to IHE in scope of services and Canadian government customer base; also an IHE customer.
- Institute for Clinical and Economic Review (ICER): US-based independent HTA organization producing value-based price benchmarks and evidence reports for payers. Directly comparable in independence, HTA/HEOR methodology, and engagement of public and private payers.
- Office of Health Economics (OHE): Independent UK not-for-profit health economics research organization producing HEOR and policy analysis for governments and industry. Closely comparable in independent status, research focus, and customer mix.
Broad incumbents
- National Institute for Health and Care Excellence (NICE): UK national HTA body setting health technology reimbursement guidance for the NHS. Comparable in HTA scope and policy influence; differs as a government agency with broader mandate than IHE.
- Scottish Medicines Consortium (SMC): Scotland's national HTA body evaluating new medicines for NHS Scotland. Comparable HTA methodology and sub-national payer focus, with similar reliance on health-economic evidence.
Emerging players
- RTI Health Solutions: For-profit HEOR and real-world evidence consultancy serving pharmaceutical and payer clients. Comparable in evidence synthesis and economic modeling, but operates on commercial contracts rather than policy advisory model.
- Evidera (now part of Thermo Fisher Scientific): Global HEOR and RWE consultancy offering evidence synthesis, economic modeling, and market access support. Comparable in HEOR service offerings to pharma and payers, but at commercial scale.
Regional players
- Canadian Partnership Against Cancer: Canadian federally-funded cancer control organization that partnered with IHE on the OncoSim-Breast microsimulation model. Comparable in Canadian health-policy research delivery and government funding model.
Others
- Health Technology Assessment International (HTAi): International society supporting the HTA community with annual conferences, policy forums, and methodological guidance. Comparable as an HTA ecosystem organization but does not produce assessments directly.
- North American Observatory on Health Systems and Policies: Cross-jurisdictional health policy research partnership IHE collaborates with on rapid reviews. Comparable in producing health policy evidence synthesis for governments in North America.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
The Institute of Health Economics social profiles
Digital presenceThe Institute of Health Economics financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Institute of Health Economics leadership team
Management profileNumber of profiles
Profiles1 record
The Institute of Health Economics funding detail
Funding detailFunding overview
Funding rounds
Investors
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The Institute of Health Economics M&A and investment
M&A and investmentM&A
Investments
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Frequently asked questions about The Institute of Health Economics
What does The Institute of Health Economics do?
The Institute of Health Economics (IHE) is an independent not-for-profit organization that conducts contracted health economics research, health technology assessments (HTA), evidence syntheses, and economic modeling for governments, healthcare organizations, and industry partners. It supports healthcare decision-making by integrating clinical, economic, ethical, and societal perspectives, and operates the Health Technology Innovation Platform (HTIP), a public-private partnership developing an Outcomes-Based Agreements Playbook for pharmaceutical reimbursement. Its work is distributed through a Resource Library of 555+ publications.
Is The Institute of Health Economics a public or private company?
The Institute of Health Economics is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was The Institute of Health Economics founded?
The Institute of Health Economics was founded in 2005. It employs 11 to 50 people.
Where is The Institute of Health Economics based?
The Institute of Health Economics is headquartered in Edmonton, Canada, in the North America region.
How does The Institute of Health Economics make money?
One revenue line is on record: research Contracts.
Who are The Institute of Health Economics's main competitors?
Direct peers on record are Canadian Agency for Drugs and Technologies in Health (now Canada's Drug Agency), Institute for Clinical and Economic Review (ICER) and Office of Health Economics (OHE). Broad incumbents are National Institute for Health and Care Excellence (NICE) and Scottish Medicines Consortium (SMC). Emerging players are RTI Health Solutions and Evidera (now part of Thermo Fisher Scientific). Canadian Partnership Against Cancer is listed as a regional player. Others are Health Technology Assessment International (HTAi) and North American Observatory on Health Systems and Policies.
Does The Institute of Health Economics have an API?
No public API is recorded for The Institute of Health Economics.
What industry is The Institute of Health Economics in?
The Institute of Health Economics's product category is Health Economics Research and Consulting. Its primary akta.pro industry code is HLAJANAL, Economic Evaluation & Health Technology Assessment (Public Programs), with a secondary code of HLAJACAF, Health Technology Assessment (HTA) & Reimbursement Policy Bodies. Its NAICS code is 5417 and its SIC code is 8731.