Changing How We Model Value in Health Care
Assessing the value of medical technologies often relies on complex mathematical models that provide estimates of benefits, costs, and risks of different options – all before we even arrive at the question of how to define “value.” There are numerous approaches and methods for arriving at these estimates. Thus, methods, evidence considered, assumptions, perspectives, and findings vary across models. The result is an abundance of conflicting results that generates confusion, controversy, and lack of trust among decision-makers. This, in turn, impedes efforts to link reimbursement and policy decisions to treatment value.
A new approach is needed: a transparent and open-source system for estimating the value of medical technologies in a way that centers on the patient, allows for a broad range of perspectives, incorporates the latest available evidence, and considers the full range of scientifically defensible approaches.
The Open-Source Value Project is that approach.
The IVI-RA Value Model
The first flexible modeling platform in the Open-Source Value Project evaluates treatments for rheumatoid arthritis. Click here to learn more about the IVI-RA Value Model.
How does the Open-Source Value Project work?
Inspired by the open-source software development process, the Open-Source Value Project uses a transparent, collaborative, and iterative process to develop flexible, open-source value models in specific diseases. These models – and the process of developing them – serve as a hands-on laboratory for advancing the science of value assessment, engaging stakeholders in constructive debate, and ultimately building consensus around how value is measured in a diverse and decentralized health care system.
Many Perspectives, Many Values
At the heart of the Open-Source Value Project is a recognition that value varies based on perspective. The perspective of the decision-maker determines what attributes are most important, but regardless of the decision-maker, it is also essential that the information going into a value assessment captures the preferences and perspective of those affected by the decision – especially patients.
Be a Part of the Process
The open-source development process depends on a community of interested and engaged collaborators. Learn more about how to contribute.