This document summarizes a symposium on capturing value across the healthcare system sponsored by PhRMA. The objective is to demonstrate why value assessment is critical for identifying gaps in value information, reducing low-value care, and measuring the value of health services. Speakers discuss expanding the focus of value assessment beyond drugs to hospital and medical services, where the majority of healthcare spending occurs. Presentations analyze factors driving rising US healthcare costs, measures of high- and low-value care, and approaches to align incentives to improve the system. The importance of robust measurement and considering stakeholder perspectives in value assessment is emphasized.
Many factors affect a healthcare organization’s ability to provide quality patient care. But the most powerful key to better patient outcomes isn’t vanguard medical technology, an organization’s number of specialty providers, or even add-on programs designed to promote preventative care. Instead, recent research and practical in-the-field experience demonstrates that healthcare
organizations can create the most profound improvements in patient care and satisfaction levels simply by improving employee engagement.
Architecture Before Experience - EuroIA Amsterdam 2016 Bogdan Stanciu
Spending $9.715 per capita (The World Bank, 2013), the United States sits on top of the world of total health expenditures, but ranks only 33rd in population health. With 165.169 mHealth applications available for download to more than two-thirds of Americans who own a smartphone, one might think the digital revolution is going to cure everyone. However, the healthcare industry is failing the care model. Facing disruption in an open, competitive marketplace, the big insurance and big pharma, along with the hospital-based medical systems are trying to ride the wave of digital transformation in the most archaic way: adding a digital silo to their organisational chart. Battling conflicting workflows, poor integrations of a wide range of applications, and legacy policies and infrastructure, digital is as challenged as its peers in the marketing, patient experience, physician relationships, and consumer product departments to produce a comprehensive strategy for transformation. The good news is that medical systems are just that: systems. And like every other systems in the world, they can be designed.
Many factors affect a healthcare organization’s ability to provide quality patient care. But the most powerful key to better patient outcomes isn’t vanguard medical technology, an organization’s number of specialty providers, or even add-on programs designed to promote preventative care. Instead, recent research and practical in-the-field experience demonstrates that healthcare
organizations can create the most profound improvements in patient care and satisfaction levels simply by improving employee engagement.
Architecture Before Experience - EuroIA Amsterdam 2016 Bogdan Stanciu
Spending $9.715 per capita (The World Bank, 2013), the United States sits on top of the world of total health expenditures, but ranks only 33rd in population health. With 165.169 mHealth applications available for download to more than two-thirds of Americans who own a smartphone, one might think the digital revolution is going to cure everyone. However, the healthcare industry is failing the care model. Facing disruption in an open, competitive marketplace, the big insurance and big pharma, along with the hospital-based medical systems are trying to ride the wave of digital transformation in the most archaic way: adding a digital silo to their organisational chart. Battling conflicting workflows, poor integrations of a wide range of applications, and legacy policies and infrastructure, digital is as challenged as its peers in the marketing, patient experience, physician relationships, and consumer product departments to produce a comprehensive strategy for transformation. The good news is that medical systems are just that: systems. And like every other systems in the world, they can be designed.
Meghan Hoyer: "Will the Silver Tsunami Send Medicare into the Red?" 12.17.15reportingonhealth
Meghan Hoyer's slides from the Center for Health Journalism webinar "Will the Silver Tsunami Send Medicare into the Red?" 12.17.15
http://www.centerforhealthjournalism.org/content/will-silver-tsunami-send-medicare-red
Economic Impact on Minnesota's Health Care Delivery Systemsoder145
Presentation by Lynn Blewett to the Minnesota State Legislature at a joint meeting of the health care and human services finance and policy committees in Saint Paul, MN, February 10 2009.
Bobby Milstein, PhD, MPH, director of the ReThink Health and visiting scientist at MIT Sloan School of Management, gave the October 9 Grand Rounds on the Future of Public Health at Columbia's Mailman School of Public Health. Dr. Milstein's talk, "Beyond Reform and Rebound: Frontiers for Rethinking and Redirecting Health System Performance," was part of this year's Grand Rounds series focusing on the decline in the health status of the U.S. population compared to peer nations, as well as the opportunities for public health leadership that are needed to close this gap. While at the Mailman School, Dr. Milstein also met with a group of doctoral students and Prof. Ronald Bayer to discuss approaches to effectively improve health systems in the United States.
Visit the events page to find out more, http://www.mailman.columbia.edu/events/grand-rounds.
Is healthwashing the new greenwashing? Are we placing too much faith in technology? These are just some of the questions that emerged from our conversation around making health a shared value at TEDMED 2015. Check out our blog, "Overheard at TEDMED: Let's Dance," for more details: http://blog.tedmed.com/overheard-at-tedmed/
The Edibles List is your source for information and reviews on medical marijuana edibles, dispensaries, doctors and all else in the legal cannabis community.
Healthcare is in crisis. While this is not news for many
countries, we believe what is now different is that the
current paths of many healthcare systems around the
world will become unsustainable by 2015.
This may seem a contrarian conclusion, given the efforts
of competent and dedicated healthcare professionals
and the promise of genomics, regenerative medicine, and
information-based medicine. Yet, it is also true that costs
are rising rapidly; quality is poor or inconsistent; and
access or choice in many countries is inadequate.
Written by Adele Allison, National Director of Government Affairs, SuccessEHS.
The shape of the U.S. health care industry is changing every day, and this presentation sheds light on some interesting statistics including Primary Care Providers, The American Patient, Health Care and the U.S. Economy and more.
We don’t have a functional competitive market in health care in the U.S. Consequently, many of the attributes of competitive markets that are beneficial in our lives are not present in health care. One significant negative externality of a dysfunctional market is an inability to discern quality. Consumerism is critical. This presentation outlines the path toward better strategic thinking in U.S. healthcare. We must 1) embrace the Theory of the Firm – you’ll find you’re actually embracing your mission! 2) Institutionalize the promise of globalization 3) Build partnerships – become a market-maker not a market-taker 4) Be a contrarian 5) Focus on the consumer – make them smarter and they will reward you!
Presentation given by Eric C. Schneider, MD, Senior Vice President for Policy and Research of The Commonwealth Fund at the University of Michigan Institute for Healthcare Policy and Innovation in Ann Arbor, MI on December 7, 2017.
Meghan Hoyer: "Will the Silver Tsunami Send Medicare into the Red?" 12.17.15reportingonhealth
Meghan Hoyer's slides from the Center for Health Journalism webinar "Will the Silver Tsunami Send Medicare into the Red?" 12.17.15
http://www.centerforhealthjournalism.org/content/will-silver-tsunami-send-medicare-red
Economic Impact on Minnesota's Health Care Delivery Systemsoder145
Presentation by Lynn Blewett to the Minnesota State Legislature at a joint meeting of the health care and human services finance and policy committees in Saint Paul, MN, February 10 2009.
Bobby Milstein, PhD, MPH, director of the ReThink Health and visiting scientist at MIT Sloan School of Management, gave the October 9 Grand Rounds on the Future of Public Health at Columbia's Mailman School of Public Health. Dr. Milstein's talk, "Beyond Reform and Rebound: Frontiers for Rethinking and Redirecting Health System Performance," was part of this year's Grand Rounds series focusing on the decline in the health status of the U.S. population compared to peer nations, as well as the opportunities for public health leadership that are needed to close this gap. While at the Mailman School, Dr. Milstein also met with a group of doctoral students and Prof. Ronald Bayer to discuss approaches to effectively improve health systems in the United States.
Visit the events page to find out more, http://www.mailman.columbia.edu/events/grand-rounds.
Is healthwashing the new greenwashing? Are we placing too much faith in technology? These are just some of the questions that emerged from our conversation around making health a shared value at TEDMED 2015. Check out our blog, "Overheard at TEDMED: Let's Dance," for more details: http://blog.tedmed.com/overheard-at-tedmed/
The Edibles List is your source for information and reviews on medical marijuana edibles, dispensaries, doctors and all else in the legal cannabis community.
Healthcare is in crisis. While this is not news for many
countries, we believe what is now different is that the
current paths of many healthcare systems around the
world will become unsustainable by 2015.
This may seem a contrarian conclusion, given the efforts
of competent and dedicated healthcare professionals
and the promise of genomics, regenerative medicine, and
information-based medicine. Yet, it is also true that costs
are rising rapidly; quality is poor or inconsistent; and
access or choice in many countries is inadequate.
Written by Adele Allison, National Director of Government Affairs, SuccessEHS.
The shape of the U.S. health care industry is changing every day, and this presentation sheds light on some interesting statistics including Primary Care Providers, The American Patient, Health Care and the U.S. Economy and more.
We don’t have a functional competitive market in health care in the U.S. Consequently, many of the attributes of competitive markets that are beneficial in our lives are not present in health care. One significant negative externality of a dysfunctional market is an inability to discern quality. Consumerism is critical. This presentation outlines the path toward better strategic thinking in U.S. healthcare. We must 1) embrace the Theory of the Firm – you’ll find you’re actually embracing your mission! 2) Institutionalize the promise of globalization 3) Build partnerships – become a market-maker not a market-taker 4) Be a contrarian 5) Focus on the consumer – make them smarter and they will reward you!
Presentation given by Eric C. Schneider, MD, Senior Vice President for Policy and Research of The Commonwealth Fund at the University of Michigan Institute for Healthcare Policy and Innovation in Ann Arbor, MI on December 7, 2017.
The Next Revolution in Healthcare: Why the New MSSP Revisions Matter Now More...Health Catalyst
Now more than ever, we are entering a period of rapid change catalyzed by the power of data. On December 21, 2018, the Centers for Medicare and Medicaid Services (CMS) issued a final rule for the Medicare Shared Savings Program (MSSP), strengthening the financial incentives for ACOs to drive improved outcomes. The health systems that embrace data to achieve financial success will grow while the rest will struggle to compete. View this webinar for a discussion on how to prepare.
The US healthcare system didn’t develop overnight, rather, it is the culmination of a series of revolutions within wealthy parts of the world. In this webinar, we explore the high points of history that have led us to our current challenges. While care has steadily improved over time, the cost of that care has risen at a much more dramatic rate. CMS created the MSSP to help mitigate the growth of these costs while providing better care for individuals and populations. On a larger scale, the program serves to shift the healthcare industry towards fee-for-value.
Despite general frustration related to legislative involvement, history has proven that regulatory changes precede attitudinal changes and the MSSP (combined with accurate, timely data) may be just the piece of legislation to help make value-based care a reality. By viewing this webinar you will learn:
- How the US healthcare industry reached its current state.
- Why financial imperatives drive cultural change in our economic model.
- Ways that the MSSP can help your organization achieve financial success.
- Ideas for how to utilize data to develop better healthcare delivery systems.
Dr. Will Caldwell is a strong proponent of the use of data analytics to promote good health and save lives. His area of expertise rests in technology-enabled health care delivery models and value-based care platforms. We hope that you will view this webinar and learn from his 17-years of work as a data-informed clinician.
Technology is disrupting healthcare just as it has in so many other areas of life. New players and
new approaches are proliferating but while the changes may seem dazzlingly diverse there is a single, underlying driving force. Digital transformation in healthcare has many elements: health data privacy, ethical AI, IOT solutions, many brought to the market by new disruptors. These are all valuable elements of transformation, but ultimately they are steering to a single goal; empathetic care of
the empowered patient. In this increasingly patient-centric future it is the empathetic care, not the technology itself, that will prove to be the outstanding feature. The market leaders in this landscape will be those who embrace and explore its possibilities.
Living in a hyper-connected world, patients have never been so well informed or had so much decision- making power, at least when it comes to chronic diseases. Less dependent on their doctors for advice, increasingly able and willing to take greater control of their own health, they feel empowered by the vast amount of health information available online, on apps, and by the array of health and fitness wearables.
Such consumer digital empowerment is pushing rapid change in healthcare provision. Industry leaders across providers, insurers, medical technology and the pharmaceuticals industry, need to re-imagine
the traditional spectrum of sales, marketing and commercialisation processes by developing empathetic engagement tools to accompany and support the patient on their personal journey. This digital transformation imperative becomes a huge challenge because of the complexity of the industry ecosystem and the varying models in APAC.
With widely varying reimbursement and access challenges across APAC countries, coupled with diverse social and cultural norms, it is important for pharma, insurance, and healthcare providers to work together with partners who have local, real-world expertise when it comes to understanding patient behaviours. Together those partnerships can deliver solutions that will impact patient lives positively. Across APAC the opportunities are considerable with a huge growing market for medication and care, but there are also significant cultural and financial hurdles to the uptake of treatments.
3º FÓRUM DA SAÚDE SUPLEMENTAR - CARMELLA BOCCHINOCNseg
Palestra de Carmella Bocchino no 3º Fórum Nacional da Saúde Suplementar, realizado pela Federação Nacional de Saúde Suplementar (FenaSaúde), no Sheraton WTC São Paulo Hotel, no dia 5 de outubro de 2017.
We don’t have a functional competitive market in health care in the U.S. Consequently, many of the attributes of competitive markets that are beneficial in our lives are not present in health care. One significant negative externality of a dysfunctional market is an inability to discern quality. Consumerism is critical. Includes data and analysis from the 5TH ANNUAL HEALTHGRADES PATIENT SAFETY IN AMERICAN HOSPITALS STUDY – APRIL 2008
The Biggest Healthcare Trends of 2019 and What's to Come in 2020Health Catalyst
In our Healthcare Outlook for 2019 webinar, Stephen Grossbart, PhD, and Bobbi Brown, MBA, shared their predictions for the biggest trends of the year. Which predictions panned out and which didn’t? View this webinar as Stephen takes a look back at 2019 and makes his forecast for 2020.
So, what did happen in 2019? Following the 2018 midterm elections, we predicted a divided Congress would not pass policies to strengthen or weaken the Affordable Care Act (ACA). We were right. Meanwhile, Democratic presidential candidates debated the extent to which they would support Medicare for All. Insurance costs continued to rise, breaking $20,000 annually for families with employer-sponsored coverage, and CMS continued to support payment policies rewarding quality and interoperability as part of their payment policy.
Join Stephen as he looks in the rearview mirror at these important issues and how they impacted the healthcare industry in 2019 and then gazes into the crystal ball to predict the trends that will most impact healthcare in 2020. In this webinar, Stephen discusses the following topics and more:
• The continued focus on price transparency.
• Congress’ efforts to control prescription drug costs.
• Policies that may change the future of ACOs.
• What to expect going into the 2020 election year.
Lean Healthcare: 6 Methodologies for Improvement from Dr. Brent JamesHealth Catalyst
The survival of healthcare organizations depends on applying lean principles. Organizations that adopt lean principles can reduce waste while improving the quality of care. By applying stringent clinical data measurement approaches to routine care delivery, healthcare systems identify best practice protocols and incorporate those into the clinical workflow. Data from these best practices are applied through continuous-learning loop that enables teams across the organization to update and improve protocols–ultimately reducing waste, lowering costs, and improving access to care.
This executive report based on a presentation by Dr. Brent James at a regional medical center, covers the following:
1. How lean healthcare principles can help improve the quality of care.
2. The steps healthcare organizations need to take to create a continuous-learning loop.
3. How a lean approach creates financial leverage by eliminating waste and improving net operating margins and ROI.
Cómo impactan las tendencias globales vinculadas a la salud, en la demanda y prestación de servicios en el mundo y en países de desarrollo medio como el Perú.
Conferencista:
- Ivy Teh, Managing Director de Clearstate
Cómo el fortalecimiento de los sistemas de salud impacta positivamente en la economía y cuáles son los roles y espacios de colaboración público- privados.
Expositores:
- Ivy Teh, Managing Director de Clearstate
mHealth Israel_GEARING COMMUNICATIONS TO RAISE CAPITAL AND ATTRACT CUSTOMERS_...Levi Shapiro
Presentation by Gil Bashe, Managing Director, Healthcare Practice, Finn Partners: "GEARING COMMUNICATIONS TO RAISE CAPITAL AND ATTRACT CUSTOMERS- FROM PLAN TO PARTNERS TO PATIENTS". Includes tips to avoid failure by embracing complexity, description of the Health Ecosystem Landscape, developing a plan to impact care, cost and outcomes, overview of the US Payer market, and top digital health influencers.
Will only #innovation be enough? A study regarding the global challenges being faced by the #health_insurance industry introduced in the Second Edition of the Healthcare Insurance Innovation Summit held in Vienna by Rafael Senén CEO at COVERONTRIP ® DIGITAL INSURANCE.
“A 10% of the world´s population will live with a #3Dprinted organ or prosthesis in 2019 and 35% of surgical interventions that require organ transplants or prosthetic implants will find an essential ally in this technique. However, the future challenges of the health insurance industry will not only be overcome with technological innovation.” Said Senén.
Our biggest problem in healthcare is efficiency (quality of care per dollar spent) and Obamacare doesn't solve it. Our spending is off the charts by any measure (growth over time, % of GDP, per capita) Consumerism as a force of change in Healthcare is just getting started, but there are many barriers in place that serve to protect existing stakeholders in the industry. Knocking down these barriers to competition is what the GOP should be focusing on, but it's not. "Repeal and replace" seems to be a slogan, not a plan. Do Republican lawmakers have the will to make changes that might upset entrenched players?
The changing landscape of health care in the US -- drivers and outcomesGregory Travis
The United States has the worst health care outcomes among its OECD peers. It also has the highest health care costs within the OECD. What are the reasons for this and what changes can we anticipate going forward?
OHE Lecturing for Professional Training at International Centre of Parliament...Office of Health Economics
On 7th November 2018, Bernarda Zamora delivered a pro bono lecture to professionals from diverse countries enrolled at the Professional Certificate in Strategic Planning organised by the International Centre of Parliamentary Studies.
Author(s) and affiliation(s): Bernarda Zamora, Office of Health Economics
Conference/meeting: Professional Certificate in Strategic Planning organised by the International Centre of Parliamentary Studies
Location: Conference Centre, London
Date: Conference Centre, London
A look at the trends, populations and products at play.
More questions than answers face a health industry in flux grappling with new meanings of cost, value, compliance and care delivery. Different stakeholder groups offer up different answers as they accelerate to keep pace with medical innovation. Providers, payers and businesses serving healthcare are being asked to incorporate and act on new data, integrate with new platforms and pioneer new offerings to create an increasingly accessible, connected experience. What’s driving the adaptation, and what trends are worth acting on?
Similar to ISPOR Education Symposium- Go where the money is (20)
On 31 October 2019, Adrian Towse and Chris Henshall from the Office of Health Economics (OHE) presented at the G20 meeting on antimicrobial drugs R&D in Paris organised by the Wellcome Trust. The topic of their presentation was HTA and payment mechanisms for new drugs to tackle antimicrobial resistance.
This presentation looks at ways in which governments can set prices, including “cost plus”, value, and the external referencing of prices elsewhere. It looks at the role that competition can play in keeping down prices. In that context it briefly discusses pricing proposals being considered in Malaysia. It makes the case for using HTA to inform pricing decisions.
Adrian Towse
% GDP spending in UK, G5 countries and OECD upper middle income countries. W...Office of Health Economics
This presentation looks at rates of GDP spend on health care, distinguishing between categories of country (i.e. levels of GDP pre capita). It looks at the relationship between rates of spending and moves to universal health coverage, and explores alternative ways of increasing expenditure and making decisions about which services to provide with the money available.
The role of real world data and evidence in building a sustainable & efficien...Office of Health Economics
This presentation defines RWD and RWE in the context of digital health, and looks at potential uses for RWD and RWE. It briefly sets out the current landscape in Malaysia and looks at the challenges in using RWE. In particular, the issues of access, governance and ensuring good quality are considered.
Role Substitution, Skill Mix, and Provider Efficiency and Effectiveness : Les...Office of Health Economics
Graham participated in an organised session on Monday July 15th 2019. In the session he presented his paper with his co-author Ioannis Laliotis from the London School of Economics. The paper revisits the relationship between workforce and maternity outcomes in the English NHS in an attempt to contribute knowledge to an important policy question for which there has been a paucity of research.
This research explores the feasibility of introducing an Outcome-Based Payment approach for new cancer drugs in England. A literature review explored the current funding landscape in England, the available evidence on existing OBP schemes internationally, and
which outcomes cancer patients value most. Two focus groups and an online survey with patients and carers, as well as interviews with NHS and government stakeholders, healthcare
professionals, and pharmaceutical industry representatives, provided additional evidence on the feasibility and suitability of OBP schemes
Understanding what aspects of health and quality of life are important to peopleOffice of Health Economics
Poster presentation from the EuroQol Plenary Meeting 2019, Brussels, Belgium. By Koonal Shah, Brendan Mulhern, Patricia Cubi-Molla, Bas Janssen, and David Mott.
Koonal presented as part of an organised session on ‘moving beyond conventional economic approaches in palliative and end of life care’. He summarised the empirical evidence on the extent of pubic support for an end of life premium, before discussing some novel approaches that have been used in recent studies. His presentation was discussed by Helen Mason of Glasgow Caledonian University.
Author(s) and affiliation(s): Koonal Shah, Office of Health Economics
Event: iHEA Congress
Date: 17/07/2019
Location: Basel, Switzerland
Assessing the Life-Cycle Value Added of Second Generation Antipsychotics in S...Office of Health Economics
This research presented in a poster at HTAi 2019, Cologne (Germany) by a team of OHE and IHE researchers, estimates the value added by second generation antipsychotics over their life-cycle in the UK and Sweden. It concludes that considering the entire life-cycle, the value added by SGAs to the system is higher than the expected value estimated at launch. P&R decisions should consider how to measure, capture and take into account the value added by medicines over the long-run.
Author(s) and affiliation(s): Mikel Berdud (Office of Health Economics, London), Niklas Wallin-Bernhardsson (Institute for Health Economics, Stockholm), Bernarda Zamora (Office of Health Economics, London), Peter Lindgren (Institute for Health Economics, Stockholm), Adrian Towse (Office of Health Economics, London)
Event: HTAi 2019 Annual Meeting
Date: 18/06/2019
Location: Cologne, Germany
There is growing recognition that HTA and contracting systems for antimicrobials need to be adapted to help fight the threat of antimicrobial resistance (AMR), but there is little agreement on how. This poster reports findings from a literature review, expert interviews and face-to-face discussions at a Forum on the current HTA and payment systems for antibiotics across Europe and a number of recommendations for adapting these systems to respond to the challenges of AMR.
Author(s) and affiliation(s): Margherita Neri (OHE) Grace Hampson (OHE) Christopher Henshall (OHE visiting fellow, independent consultant) Adrian Towse (OHE)
Event: HTAi annual conference 2019
Date: 18/06/2019
Location: Cologne, Germany
Assessing the Life-cycle Value Added of Second-Generation Antipsychotics in S...Office of Health Economics
This study aims to guide access decisions and drive the discussion on access and price, through recognition of the dynamic nature of value added by pharmaceutical innovation over the long-run. The analysis of the life-cycle value of risperidone estimates the value generated in the UK and Sweden. Results show that health systems were able to appropriate most of the life-cycle value generated, and this is larger than estimated at launch.
Author(s) and affiliation(s): Mikel Berdud(1), Niklas Wallin-Bernhardsson(2), Bernarda Zamora(1), Peter Lindgren(2), and Adrian Towse(1) (1) Office of Health Economics (2) The Swedish Institute for. Health Economics
Event: XXXIX JORNADAS DE ECONOMÍA DE LA SALUD
Date: 12/06/2019
Location: Albacete, Spain
Prescribed Specialised Services (PSS) Commissioning for Quality and Innovation (CQUIN) schemes were launched in 2013 in England with the aim of improving the quality of specialised care and achieving value for money. During this presentation, Marina Rodes Sanchez described the key features of the schemes and discussed its strengths and weaknesses based on international pay-for-performance literature.
Author(s) and affiliation(s): Yan Feng, Queen Mary University of London; Søren Rud Kristensen, Imperial College London; Paula Lorgelly, King’s College London; Rachel Meacock, University of Manchester; Marina Rodes Sanchez, Office of Health Economics; Luigi Siciliani, University of York; Matt Sutton, University of Manchester
Event: XXXIX Spanish Health Economics Association Conference
Date: 12/06/2019
Location: Albacete, Spain
In this session, Meng Li sets out estimates of real option value for drugs arguing that option value matters and can be calculated. Adrian Towse sets out likely payer concerns about incorporating real option value into decision making. Meng Li responds to these concerns. Jens Grueger sets out how industry considers investment opportunities, arguing that if patients (and society) have preferences these need to be reflected in P&R decisions.
Author(s) and affiliation(s): Meng Li, Postdoctoral Research Fellow, Leonard D Schaeffer Center, University of Southern California, Los Angeles, CA, USA. Adrian Towse, Emeritus Director, Office of Health Economics, London, UK Jens Grueger, formerly Head of Global Access, Senior Vice President at F. Hoffmann-La Roche
Event: ISPOR 2019
Location: New Orleans, USA
Date: 21/05/2019
MCDA OR WEIGHTED CEA BASED ON THE QALY? WHICH IS THE FUTURE FOR HTA DECISION ...Office of Health Economics
In this ISPOR session Chuck Phelps and Adrian Towse debated the case for and against using MCDA to support HTA decision making, as compared to weighting or augmenting a QALY based ICER approach. Chuck Phelps argued for use of MCDA, Adrian Towse for weighting the QALY. Nancy Devlin set the scene and moderated.
Author(s) and affiliation(s): Nancy Devlin, Director, Centre for Health Policy, University of Melbourne, Australia Adrian Towse, Emeritus Director, Office of Health Economics, London, UK Chuck Phelps, University of Rochester, Rochester, NY USA
Event: ISPOR 2019
Location: New Orleans, USA
Date: 21/05/2019
The issue of open-source models in the cost-effectiveness and disease-level (collaborative) models has been brewing for many years. There has been a marked growth in open science, and funding bodies and publishers increasingly require that research data be made available. As mentioned in our previous Issue Panel, “cost-effectiveness models synthesise a wide range of evidence to facilitate extrapolation over time and from intermediate to final decision endpoints. These models are often statistically sophisticated and require assumptions that are not directly testable. This can lead to decision-makers “discounting” the results of cost-effectiveness analyses, particularly if the developer is seen as partial.” Open-source models, then, would encourage greater transparency in pharmacoeconomic modeling and the reuse and updating of the best/most useful models; they are essential if cost-effectiveness analyses are to be widely accepted to reduce bias, increase transparency, improve model access, and allow for faster access to critical knowledge. The ISPOR-SMDM guidelines and the EUnetHTA joint action projects, are supportive of these views on collaboration, transparency, confidentiality, processes and consistency offered by the availability of open-source models to improve decision-making around health care and reimbursement. With openness and sharing, however, come issues of copyright and access and a need to define how model sharing can be achieved in a fair and equitable manner. There is, therefore, a need to develop an ongoing dialog on openness, especially where the research may be considered precompetitive and not worthy of IP investment. The pros and cons of open source models and the proposed mission of the Open Source Model SIG to curate an ongoing dialog regarding issues around creating, disseminating, sharing, evaluating, and updating open source cost-effectiveness and comparative effectiveness models will be debated amongst SIG members.
Author(s) and affiliation(s): Nancy Risebrough, Senior Principal, ICON plc, Toronto, Canada Jeroen P Jansen; Innovation & Value Initiative; Precision Medicine Group; and Stanford University Lotte Steuten, Vice President & Head of Consulting, Office of Health Economics, UK Renée JG Arnold, PharmD, RPh, ICON plc, New York, NY and Icahn School of Medicine at Mount Sinai, New York, NY, USA
Event: ISPOR 2019 Annual Meeting
Date: 20/05/2019
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
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Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
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US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
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Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
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Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
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A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
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The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
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A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
6. Objective: demonstrate why value assessment is a critical
component of any high performing health care system for:
• Identifying gaps in value information
• Reducing system-wide low value care
• Using best practices to measure the value
of health services
ISPOR NOV 2019
#GOwheretheMONEYis
6
Speakers
● Bruce Stuart, PhD, Emeritus
Professor, University of Maryland
Baltimore, USA
● Beth Beaudin-Seiler, PhD, Senior
Analyst, Altarum Institute, Ann
Arbor MI, USA
● William Padula, PhD, Assistant
Professor, University of Southern
California, Los Angeles, USA
● Adrian Towse, MA, Mphil, Director
Emeritus & Senior Research
Fellow, Office of Health Economics,
London, UK
7. ISPOR NOV 2019
7
When asked why he robbed banks, Willie Sutton, a famous
mid-20th century criminal in the US on his way to jail
supposedly said to a reporter:
“Because that is where the money is.”
We should apply the same principle to value assessment in
health care
“Slick Willy”escaped prison 3 times and later became a consultant with banks
on how to avoid robberies.
#GOwheretheMONEYis
8. …easier said than done!
8
While value assessment is not new to health
systems in developed countries,
methods have typically focused on drugs rather
than hospital and medical services.
ISPOR NOV 2019
#GOwheretheMONEYis
10. • factors underlying the rapid increases in health
spending in the US and
• robust measures of high- and low-value services
to align incentives for system improvement
10
ISPOR NOV 2019
#GOwheretheMONEYis
Expanding the focus
of value assessment
1. Reference: Shrank, W., Rogstad, T., Parekh, N. (2019). Waste in the
US health care system:Estimated costs and potentialsavings. JAMA.
Retrieved from
https://jamanetwork.com/journals/jama/fullarticle/2752664
11. ISPOR NOV 2019
11
What’s contributing
to rising health care
costs in the US?
1. Reference: Shrank, W., Rogstad, T., Parekh, N. (2019). Waste in the
US health care system:Estimated costs and potentialsavings. JAMA.
Retrieved from
https://jamanetwork.com/journals/jama/fullarticle/2752664
$166
$78
$101
$241
$84
$266
Estimated Waste in US Health Care Expenditures in Billions1
Failure of Care Delivery Failure of Care Coordination
Overtreatment or Low Value Care Pricing Failures
Fraud and Abuse Administrative Complexity
#GOwheretheMONEYis
12. ISPOR NOV 2019
12
What’s contributing
to rising health care
costs in the us?
Reference: Shrank, W., Rogstad, T., Parekh, N. (2019). Waste in the US
health care system:Estimated costs and potentialsavings. JAMA.
Retrieved from
https://jamanetwork.com/journals/jama/fullarticle/2752664
$166
$78
$101
Estimated Waste for Clinical Categories in
Billions1
Failure of Care Delivery Failure of Care Coordination Overtreatment or Low Value Care
#GOwheretheMONEYis
13. As much as $282 billion
could be eliminated…
• Robust measurements
• Evidence-based strategies
• Alignment of incentives
13
ISPOR NOV 2019
#GOwheretheMONEYis
14. • Vitamin D Screening Tests
• PSA Testing in Men 75+
• Unneeded Testing and Laboratory Work Prior to Low-Risk
Surgery
• Imaging for Uncomplicated Low-Back Pain within First Six
Weeks
• Use of More Expensive Branded Medications when Generics
with Identical Active
MEASURING LOW VALUE and HIGH VALUE
CARE
14
LOW VALUE
• Retinopathy Screening for Diabetics
• Influenza Vaccinations
• HIV Therapy Drug Regimens
• Vaginal Deliveries
• Healthy Behaviors Counseling (BMI Counseling, Tobacco
Counseling and Drug Abuse Counseling)
HIGH VALUE
#GOwheretheMONEYis
ISPOR NOV 2019
15. Overall Spending and Low Value Care
15
TotalSpending Growth, 22%
Branded Drugs w/ Generics,
+5%
RoutineVitaminD Testing, -6%
Pre-Op Tests & Labs, -25%
Low Back Pain Imaging,
+44%
PSA for Ages 75+, +1%
-30%
-20%
-10%
0%
10%
20%
30%
40%
50%
2014Q1 2016Q4 Proprietary and Confidential | Altarum
#GOwheretheMONEYis
ISPOR NOV 2019
16. Overall Spending and High Value Care
16
TotalSpending Growth,
22%
HIV Antiretroviral
Therapy, +36%
VaginalDeliveries,+1%
AnnualFlu Shots, +19%
Retinopathyfor
Diabetics, +9%
HealthyBehavior
Counseling, +61%
0%
10%
20%
30%
40%
50%
60%
70%
2014Q1 2016Q4
Proprietary and Confidential | Altarum
#GOwheretheMONEYis
ISPOR NOV 2019
18. Advancing Value Through Robust Measurement
and Aligned Incentives
Measurement
No Value Care
No Value
Care with
PACs
Warranted
Services with
PACs
Solutions
System Level
Provider Level
Payer Level
Evaluation
Improved
Value
#GOwheretheMONEYis
ISPOR NOV 2019
20. There are 2 fundamental perspectives on
value and they imply very different
approaches to value assessment in health
services:
• Neoclassical utility theory
• Technology assessment through
engineering
20
HOW WE
PERCEIVE VALUE
IN HEALTH
SERVICES
#GOwheretheMONEYis
ISPOR NOV 2019
21. • The value of any drug or medical procedure is assessed
by the marginal utility accruing to patients.
• Patients’ expected marginal utility is measured by their
willingness to pay.
• To maximize value for society as a whole requires that
medical prices be determined through competitive markets
and known to patients beforehand
21
NEOCLASSICAL
UTILITY THEORY
#GOwheretheMONEYis
ISPOR NOV 2019
22. • In most sectors, health care prices are
neither transparent nor determined
through meaningful competition.
• This is nowhere more true than for
hospital care which, not incidentally,
accounts for more than 40% of all US
health care spending
22
APPLYING
NEOCLASSICAL
THEORY TO THE
US HEALTH
CARE SYSTEM
#GOwheretheMONEYis
ISPOR NOV 2019
23. 2019 RAND report: on average, case-mix adjusted
hospital prices charged to commercial health plans
were 241% higher than Medicare
23
HOW MUCH
VALUE IS LOST
THROUGH
NONCOMPETITIV
E PRICING OF
HOSPITAL
SERVICES?
#GOwheretheMONEYis
ISPOR NOV 2019
24. The engineering approach to measuring value
generally attempts:
1. to identify best practices in achieving pre-
determined outcomes at the population level and
2. then determines how to produce those outcomes
with the most efficient use of resources.
24
VALUE
MEASUREMENT
THROUGH
TECHNOLOGY
ASSESSMENT
#GOwheretheMONEYis
ISPOR NOV 2019
26. 26
Value is in the Eyes
of the Stakeholder
#GOwheretheMONEYis
ISPOR NOV 2019
27. 27
The type of value
assessment a
stakeholder desires
may be based on
goals
Value
Cost-
effectiveness
Budget
Impact
Return on
Investment
Efficiency
Equity Affordability
#GOwheretheMONEYis
ISPOR NOV 2019
28. Cost-Effectiveness Analysis (CEA)
28
Value assessment
methods help us translate
decision analysis into
cost-effectiveness in
order to make efficient
decisions to benefit
populations’ health
Efficiency Diagram
#GOwheretheMONEYis
ISPOR NOV 2019
29. Cost-Effectiveness Analysis (CEA)
Sample Calculation
29
● Costs
● New Drug = € 25,000 per course of treatment
● Alternative Drug = € 27,000 per course of treatment
● Effectiveness
● New Drug Effectiveness = 12.3 QALYs
● Alternative Drug Effectiveness = 10.6 QALYs
● ICER = (€ 25,000 - € 27,000) / (12.3 QALYs – 10.6 QALYs)
= € -2,000 / 1.7 QALYs
● At a willingness-to-pay threshold of € 25,000 per QALY,
this new technology is a dominant strategy compared to the
alternative
#GOwheretheMONEYis
ISPOR NOV 2019
30. Budget Impact Analysis (BIA)
30
Can we afford to make investments in
new healthcare services and
technologies without displacing what
is already offered for other patients?
#GOwheretheMONEYis
ISPOR NOV 2019
31. Return on Investment (ROI)
31
High Returns on
Investment increase
financial bandwidth
for health systems to
ensure equitable
access to healthcare
for more diverse
individuals
#GOwheretheMONEYis
ISPOR NOV 2019
32. Case Study of Economic Evaluation for Social Good
32
● Providing Health Insurance Coverage for Medically Necessary Services in the
Transgender Population is ethically the right thing to do
● Payers and governments are oftenturned away from paying for medically necessaryservices
because of the high individual costs
● But what about the cost-consequences of not covering these services?
● Cost-effectiveness analysis, 5-year time horizon
● Costof doing nothing: $10,712;Costof ProviderCoverage:$21,326
● Utility of doing nothing: 3.71 QALYs;Utility of Provider Coverage:3.98 QALYs
● ICER = ($21,326 - $10.712) / (3.98 QALY – 3.71 QALY)
= $10,614 / 0.27 QALY = $39,311 per QALY
● Budget Impact = $10,614 x 30,000 people / 320 million citizens = $0.08 per member
per month
#GOwheretheMONEYis
ISPOR NOV 2019
33. Researchers
Policymakers
Payers
33
But what about
the patient?
What about the
Provider?
These types of value assessment
help stakeholders achieve goals
#GOwheretheMONEYis
ISPOR NOV 2019
34. Methods to approach patient-centered value, and facilitate
shared decision-making with providers
Discrete Choice Experiment (DCE) Multi-Criterion Decision Analysis (MCDA)
34
#GOwheretheMONEYis
ISPOR NOV 2019
35. How Value Assessment Methods line up with technology
and health services
●Cost-effectiveness Analysis
●Budget Impact Analysis
●Return on Investment
●Multi-Criteria Decision Analysis
●Discrete Choice Experiment
●Researchers
●Policymakers
●Payers
●Providers
●Patients
MONTH 2019
35
“Health
Technology
Assessment”
“Patient-
centered
Value
Assessment”
#GOwheretheMONEYis
ISPOR NOV 2019
36. Why do we focus on cost components in health technology
assessment, but stay away from such methods when
addressing health service value?
MONTH 2019
36
#GOwheretheMONEYis
ISPOR NOV 2019
37. If we want to tackle waste and reduce the use of
low-value care throughout healthcare, we need to
apply “health technology assessment” to all aspects
of healthcare
as, for example, UK’s NICE does
37
Most countries
spend 75% or more
of their healthcare
budgets on services,
including waste
#GOwheretheMONEYis
ISPOR NOV 2019
39. The application of HTA to non-pharmaceutical
services, recognizing the need to account for
differences in health care systems
39
HEALTH
TECHNOLOGY
ASSESSMENT
IN THE EU
#GOwheretheMONEYis
ISPOR NOV 2019
40. What is the role of HTA?
Its aim is to inform the formulation
of safe, effective, health policies
that are patient focused and seek
to achieve best value.
(EUnetHTA Report, 2017) .
40
41. • Evidence-based, multidisciplinary process
support healthcare decision making by assessing
properties and effects of one or more new or
existing health technologies in comparison with a
current standard.
• Aiming at determining added value, HTA uses
explicit analytical frameworks based on research
and the scientific method in a systematic,
transparent, unbiased way.
What exactly is
HTA?
Sources: EUnetHTA, WHO, INAHTA, ISPOR
#GOwheretheMONEYis
ISPOR NOV 2019
42. • An intervention that may be used to promote health, to
prevent, diagnose or treat acute or chronic disease, or for
rehabilitation.
• Health technologies include pharmaceuticals, devices,
procedures, and organizational systems used in healthcare.
• Diagnostic and treatment procedures
• Medical equipment
• Pharmaceuticals
• Rehabilitation and prevention methods
• Organizational and supportive systems within which
healthcare is provided
• Information and communication technologies
What is a health
technology?
Sources: EUnetHTA, WHO, INAHTA, ISPOR
#GOwheretheMONEYis
ISPOR NOV 2019
43. 43
What’s the problem?
Most countries in Europe assess both
pharmaceuticals and non-
pharmaceuticals in their HTA
processes.
Source: EUnetHTA WP Final Report
(2017): An Analysis Of HTA And
Reimbursement Processes In
EUnetHTA Partner Countries: Final
Report.
#GOwheretheMONEYis
ISPOR NOV 2019
44. But within many countries,
focus HTA shifting away from
non-pharmaceuticals to
pharmaceuticals
44
Source: Wilsdon, T., Fiz, E., & Haderi, A.
(2014). A comparative analysis of the role and
impact of health technology assessment:
2013. Washington DC: Charles River
Associates.
Fig: Countries distribution of HTA by type of technology
2019?
#GOwheretheMONEYis
ISPOR NOV 2019
45. 45
Number of topics completed by agency involvement in procedure
- Pharmaceuticals
Source: EUnetHTA WP Final
Report (2017): An Analysis Of
HTA And Reimbursement
Processes In EUnetHTA
Partner Countries: Final
Report.
#GOwheretheMONEYis
ISPOR NOV 2019
46. 46
Number of topics completed by agency involvement in procedure
- Non-Pharmaceuticals
Source: EUnetHTA WP Final
Report (2017): An Analysis Of
HTA And Reimbursement
Processes In EUnetHTA
Partner Countries: Final
Report.
#GOwheretheMONEYis
ISPOR NOV 2019
47. 47
Activity Centres for
managing collaborative
assessments of “other
technologies”
Source:Erdös,J., Ettinger, S., Mayer-Ferbas, J., de Villiers, C., & Wild, C. (2019).EuropeanCollaboration in Health TechnologyAssessment
(HTA): goals,methods and outcomes with specific focus on medicaldevices. WienerMedizinische Wochenschrift,1-9.
Other technologies = non-
pharmaceutical procedures
and medical devices
http://www.inahta.org/me
mbers/agenas/
http://www.aaz.hr/en/health-
technology-assessment
https://www.hiqa.ie/areas-we-
work/health-technology-assessment
http://publicaciones.isciii.
es/unit.jsp?unitId=aets
https://www.fhi.n
o/en/qk/HTA/
http://acis.sergas.es
#GOwheretheMONEYis
ISPOR NOV 2019
48. Quality of evidence on non-pharmaceuticals is poor
48
●This study shows the quality of scientific evidence used in HTAof high-risk medical devices
is low and therefore the use of evidence needs improvement.
●The European Commission recently updated the regulation on medical devices but mainly
focused on the safety of materials and the CE-mark.
●Results show that additional changes are necessary, specifically with regard to the marketing
authorization process of medical devices, with stricter quality requirements based on
methodologically robusttrials, possibly in combination with other evidence sources.
#GOwheretheMONEYis
ISPOR NOV 2019
49. The case for more focus on non-pharmaceuticals?
49
● Note, this is not an argument for reducing investment in HTA for pharmaceuticals
● The argument is for much more investment in HTA for non-pharmaceuticals
● If we take a Value of Information (VoI) approach, the issue is uncertainty about the effectiveness and cost-
effectiveness of an intervention
● Why do we care about uncertainty?
● We want to avoid making the wrong decision
- Can be both Type 1 and Type 2 errors (or their Bayesian equivalents)
● At best we waste money, at worst we use technologies that don’t benefit patients.
● Reducing uncertainty has to be worth it: benefits exceed costs?
● Generating and reviewing evidence takes time and effort and costs money
● The benefits come from reducing decision uncertainty (size of uncertainty x ability to reduce), the expected
incremental health gain at stake for each patient x the numbers of patient and the expected incremental
budget impact
#GOwheretheMONEYis
ISPOR NOV 2019
50. How do we move forward?
50
●Let’s do the math, the VoI calculations about the potential returns from
investment in non-pharmaceutical HTA
●Let’s look at improving the evidence base
●Let’s look at the potential for avoiding duplication of effort through pan-EU
initiatives through to joint assessment
●Critical issue is the extent of context. How transferable are assessments of non
pharmaceuticals as compared to pharmaceuticals.
●Should we/ can we reverse change the trend?
#GOwheretheMONEYis
ISPOR NOV 2019
52. To keep up with the latest news and research, subscribe to our blog.
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