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 with widely varying assumptions and perspectives. 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.
Four Elements of the Open-Source Value Project
- Developer Resources. Building blocks for developing state-of-the-science decision models and other value tools made publicly available, and continually developed, improved, and expanded through engagement on the platform.
- Fully-Constructed Disease-Specific Models. Disease-specific decision models with user-friendly interfaces made available for use and customization of analysis.
- Tailored Value Assessments. Facilitation services for users in need of specific insights using the available platform models.
- Building a Community. OSVP is a community of users and subject-matter experts to facilitate best practices and advance the science of value assessment.
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 healthcare system.