The Health Economics Unit, an NHS organisation hosted by Midlands and Lancashire Commissioning Support Unit, works across the health and care sector locally, regionally, and nationally, industry and academia in providing expertise in the following: - Bringing economic thinking to bear on the strategic challenges faced by health and care services - Assessing the likely (business case stage) and/or realised value (evaluation stage) of interventions/service changes/investment strategies by deploying budget impact, cost benefit, cost effectiveness and cost utility analyses - The application of econometrics to observational studies, causality analysis and predictive analysis - Health Technology Assessments and Integrated Impact Assessments - Developing the understanding of and real-world applicability/reliability of ‘impactability analysis’ at both individual and population levels - Advancing the application of machine learning and AI in addressing PHM challenges - Helping build the skills and understanding of these methods across the analytical and leadership communities of the NHS through provision of education activities and development of tools