Measuring value in healthcare, which frequently takes the perspective of a single payer managing population health and costs, needs to evolve to include diverse perspectives and provide relevant and actionable information on value to healthcare decision makers, according to a new article written by IVI’s Mark Linthicum, Jennifer Bright and Jason Shafrin and published in the Journal of Clinical Pathways.
In the article, the authors write that the Open-Source Value Project is used to develop disease-specific decision models designed to provide scientifically valid and flexible approaches to quantify value. These tools allow users – particularly health plans, employers, and health systems — to evaluate different treatment sequences based on a user-customizable recipe for calculating value. Importantly, users are able to include determinants of value prioritized by patients living with the disease, a unique component of such assessment tools.
Read the full article here.
Read the full press release here.