PhRMA Foundation Value Assessment Initiative 2019
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Research Award
Value assessment in health care comprises a broad set of methods to synthesize and evaluate the relative benefits and costs of health care interventions. The goal of value assessment is to assist stakeholders, including patients, providers and payers, in making informed decisions to improve health and care efficiency. These assessments are conducted using varied methodological approaches to synthesize data from various sources to guide individual or population-level decisions. For greatest impact, these methods should offer opportunities to incorporate patient characteristics and their preferences to guide treatment decisions.
However, there are a number of limitations of the data sources, methodologies and measures applied in value assessment. For example, there is increased recognition that commonly used measures of health gain fail to capture important elements of value and summary measures do not address heterogeneity in preferences. Additionally, existing data sources do not allow for complete capture of patient-level information or preferred outcomes. The PhRMA Foundation seeks proposals to identify and address challenges in research conducted to assess the value of medicines and health care services.
Candidates should submit letters of intent (LOIs) no later than August 1, 2019 to initiate the grant application process. LOIs will be reviewed for potential program fit, novelty, importance, rigor and clarity.
However, there are a number of limitations of the data sources, methodologies and measures applied in value assessment. For example, there is increased recognition that commonly used measures of health gain fail to capture important elements of value and summary measures do not address heterogeneity in preferences. Additionally, existing data sources do not allow for complete capture of patient-level information or preferred outcomes. The PhRMA Foundation seeks proposals to identify and address challenges in research conducted to assess the value of medicines and health care services.
Candidates should submit letters of intent (LOIs) no later than August 1, 2019 to initiate the grant application process. LOIs will be reviewed for potential program fit, novelty, importance, rigor and clarity.