BOSTON, MA - JUNE 6: Steven Pearson, President of the Institute for Clinical and Economic Review ... [+] (ICER), talks with chief medical officer David Rind during a meeting at their offices in Boston on June 6, 2019. (Photo by Craig F. Walker/The Boston Globe via Getty Images)
There appears to be an inherent tension between cost-effectiveness analysis that informs allocative efficiency at the population level, and patient centricity. Here, patient centricity can be defined as incorporation of patient-centric outcomes in value calculations and inclusion of patient input in clinical and economic decisions.
Ideally, precision medicine resolves this tension, as by definition its patient-centric, and when done right, cost-effective. But, theres still a long way to go before precision medicines promise becomes widespread reality.
Through intermediaries, such as payers, cost-effectiveness analysis informs treatment choices made by physicians and patients. For patients and their healthcare providers, issues can arise when reimbursement protocols (e.g., formularies) derived from population-based cost-effectiveness analysis impact (often limit) the choices patients and physicians can make.
Evidence-based value frameworks serve to inform healthcare decision-making in healthcare systems. Sometimes payers employ their own in-house value frameworks. Otherwise, they outsource to entities, such as the Institute for Clinical and Economic Review (ICER), that deploy uniquely crafted value frameworks. The assessment of the value of medical technologies is based on attributes, such as cost, quality of life, life expectancy, toxicity, and side effects. Rising healthcare costs have been a driving force behind the emergence of a host of value frameworks aimed at both defining and quantifying what value means for healthcare.
To work towards a patient-centric and sustainable path for the healthcare system as a whole or one component of it, value frameworks can create patient-outcome adjusted cost-effectiveness models. These account for patient preferences, but also disease severity, burden, among other factors, while addressing distributional issues.
ICER, for example, has included contextual considerations which encompass ethical, legal, or other issues that influence the relative priority of illnesses and healthcare interventions. Presumably, this includes among other things disease severity and burden, rarity of the condition, and lack of treatment alternatives.
ICER has also supplemented the criteria it considers with what it calls other benefits and disadvantages. These are benefits or disadvantages offered by an intervention to the individual patient that may not have been initially considered. An example is consideration of a new formulation or route of administration for an existing drug, which may result in improved patient adherence.
Additionally, ICER is convening three independent evidence review groups to vote on the strength of evidence with respect to the effectiveness of new drugs, devices, and delivery systems.
Changes in ICERs methodology are described in Value Assessment Framework for 2020, which the institute claims will establish a more patient-centered approach to value assessment.
Two things stand out. First, ICER is committed to an increased use of real-world evidence in its reviews. This kind of data will provide a more comprehensive view of how a treatment affects patients in their everyday life. Second, ICERs open comment period is increasingly eliciting and acknowledging more patient input. Specifically, ICER says that "each report is developed with input from multiple sources, including patient advocacy groups, clinical experts, and manufacturers."
What I believe is inconsistent, however, with a genuinely patient-centered approach is that ICER is not looking specifically for members who have clinical expertise in topic areas that will be studied in upcoming reports. Ostensibly, this is done to avoid subjectivity and promote objectivity. Well, sure. But, the reports refer to specific diseases and conditions, and treatments for these diseases and conditions. These must be evaluated by experts in the field as well as patient representatives to gauge their effectiveness profile, safety, burden, as well as healthcare provider and patient preferences.
To exclude disease-specific experts, patients, and caregivers from voting panels doesn't make sense. In the justice system, its essential that judges are impartial. But, this is not a court or judicial review. Moreover, the decisions rendered impact specific subgroups of patients and their healthcare providers, who are optimally suited to do the judging. I believe health technology committees need to know what actual patients, doctors, and caregivers, in a specific disease area care about, and not simply see them as an input into the value assessment process. Of course, healthcare providers, patient (representatives), and caregivers from the impacted disease area wouldnt be the only members with voting rights. Other constituents - payer policymakers, regulators, health economists, others - deserve a seat at the voting panel table. It may turn out that the patients, healthcare providers, and caregivers are voted down. But at least they would feel represented in a material sense.
Ultimately, organizations that have well-established value frameworks, such as ICER, must resolve the difficult dilemma of reconciling the tension between cost-effectiveness analysis and patient centricity. In order to best address this, its imperative to meaningfully engage with patients (representatives) at all stages of health technology assessment, in addition to clinical experts and caregivers in the specific treatment area under consideration.
For this purpose, policymakers must do more to construct patient-centric measures of the benefits conferred by medical technologies, and permit the patient's voice to be heard more incisively, both on the input side regarding value assessment, and decision-making side.
Here is the original post:
Resolving Tension Between Cost-Effectiveness Analysis And Patient Centricity - Forbes
- Reell Precision Manufacturing Names Chet Zaslow as Business Development Manager for Medical Technology [Last Updated On: January 31st, 2013] [Originally Added On: January 31st, 2013]
- FastWay [Last Updated On: December 25th, 2018] [Originally Added On: December 25th, 2018]
- PaperPk jobs in Pakistan 2018 in newspaper ads daily ... [Last Updated On: December 25th, 2018] [Originally Added On: December 25th, 2018]
- Health technology in the United States - Wikipedia [Last Updated On: January 2nd, 2019] [Originally Added On: January 2nd, 2019]
- McLEOD SCHOOL OF MEDICAL TECHNOLOGY - Pee Dee Area Health ... [Last Updated On: January 29th, 2019] [Originally Added On: January 29th, 2019]
- Medical technologist - Wikipedia [Last Updated On: January 29th, 2019] [Originally Added On: January 29th, 2019]
- Medical Technology Ireland [Last Updated On: January 29th, 2019] [Originally Added On: January 29th, 2019]
- Medical Laboratory Science/ Medical Technology at APSU [Last Updated On: February 5th, 2019] [Originally Added On: February 5th, 2019]
- RWJBarnabas Health - Comprehensive Healthcare in New Jersey [Last Updated On: February 5th, 2019] [Originally Added On: February 5th, 2019]
- Home - Secaucus, NJ [Last Updated On: February 5th, 2019] [Originally Added On: February 5th, 2019]
- Ultrasound - Wikipedia [Last Updated On: February 14th, 2019] [Originally Added On: February 14th, 2019]
- Indian Health Service | Indian Health Service (IHS) [Last Updated On: February 14th, 2019] [Originally Added On: February 14th, 2019]
- Medical Technology | Statista [Last Updated On: February 19th, 2019] [Originally Added On: February 19th, 2019]
- Medical Technician Career Guide | All Allied Health Schools [Last Updated On: February 19th, 2019] [Originally Added On: February 19th, 2019]
- Medical Technology Insurance | Travelers [Last Updated On: February 19th, 2019] [Originally Added On: February 19th, 2019]
- The Field of Medical Technology : : About the Program ... [Last Updated On: February 19th, 2019] [Originally Added On: February 19th, 2019]
- Technology Essay Sample: Medical Technology ... [Last Updated On: February 19th, 2019] [Originally Added On: February 19th, 2019]
- Medical Technology Degree Program | Med Tech Certification [Last Updated On: February 19th, 2019] [Originally Added On: February 19th, 2019]
- Medical Technologist Career Profile - verywellhealth.com [Last Updated On: February 19th, 2019] [Originally Added On: February 19th, 2019]
- B.S. in Medical Technology - Caldwell University, New Jersey [Last Updated On: March 5th, 2019] [Originally Added On: March 5th, 2019]
- 17 Amazing Healthcare Technology Advances of 2017 [Last Updated On: March 12th, 2019] [Originally Added On: March 12th, 2019]
- Department of Medical and Research Technology | University ... [Last Updated On: March 17th, 2019] [Originally Added On: March 17th, 2019]
- Home | FMC Meditech - Medical Technology Recruitment [Last Updated On: March 17th, 2019] [Originally Added On: March 17th, 2019]
- BS in Medical Technology in the Philippines [Last Updated On: April 4th, 2019] [Originally Added On: April 4th, 2019]
- Medical Technologist Jobs, Employment in New Jersey ... [Last Updated On: April 11th, 2019] [Originally Added On: April 11th, 2019]
- Medicine - Scientific American [Last Updated On: April 20th, 2019] [Originally Added On: April 20th, 2019]
- Medical Technologist: Job Description, Duties and Requirements [Last Updated On: May 12th, 2019] [Originally Added On: May 12th, 2019]
- Medical Technologist Jobs, Employment | Indeed.com [Last Updated On: May 19th, 2019] [Originally Added On: May 19th, 2019]
- Medical Technology : College of Nursing and Health ... [Last Updated On: May 20th, 2019] [Originally Added On: May 20th, 2019]
- Salary: Medical Technologist | Glassdoor [Last Updated On: May 20th, 2019] [Originally Added On: May 20th, 2019]
- Medical Technologist Degrees | All Allied Health Schools [Last Updated On: May 20th, 2019] [Originally Added On: May 20th, 2019]
- Online Medical Lab Technician & Medical Technology Degrees [Last Updated On: May 20th, 2019] [Originally Added On: May 20th, 2019]
- Medical Technology Jobs in the U.S. Navy - Navy.com [Last Updated On: May 22nd, 2019] [Originally Added On: May 22nd, 2019]
- New Study in Medical Devices industry of the High-intensity Focused Ultrasound System Market include Strategies, Competitive Research & Growth By... [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- Should investors take a bet on surgical robotics? - The Globe and Mail [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- How Springfield Technical Community College is training medical professionals to respond to crisis situations with robotic patients - MassLive.com [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- The FDA's Critical Focus on Women's Health - FDA.gov [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- Stock In The Spotlight ::Creative Medical Technology Holdings Inc, (OTC:CELZ) - Ws News Publisher [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- Is There Enough Room Left To ::Creative Medical Technology Holdings Inc, (OTC:CELZ) - Ws News Publisher [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- Artificial Intelligence Is Being Used To Diagnose Disease And Design New Drugs - Forbes [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- Axonics Provides Full One-Year Results from ARTISAN-SNM Pivotal Study at AUGS/IUGA Joint Scientific Meeting - Business Wire [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- Time For A Checkup On This Health Care ETF - Benzinga [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- AngioDynamics Acquires Eximo Medical, Ltd. and its Innovative 355nm Laser Atherectomy Technology - Business Wire [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- How to improve screening for social determinants of health - American Medical Association [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- Bipartisan team of lawmakers put the squeeze on medical device tax - Chamber Business News [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- The Rise of the Deep: Eric Topols Deep Medicine To Stand The Test Of Time - Forbes [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- New Technology Makes Moves in the Medical Industry - Machine Design [Last Updated On: October 4th, 2019] [Originally Added On: October 4th, 2019]
- Medical Imaging Diagnosis Market Investigation by Application, Technology and Product Type - The Charterian [Last Updated On: October 7th, 2019] [Originally Added On: October 7th, 2019]
- TIER Mobility raises US$60 million in its Series B led by Mubadala Capital and Goodwater Capital - Business Wire [Last Updated On: October 7th, 2019] [Originally Added On: October 7th, 2019]
- 4 Reasons Why CT is the Best Method for Medical Device Quality Inspection - Quality Magazine [Last Updated On: October 7th, 2019] [Originally Added On: October 7th, 2019]
- Artificial Joints Market Research and New Innovations in Medical Sector 2019 to 2025 - The Chicago Sentinel [Last Updated On: October 7th, 2019] [Originally Added On: October 7th, 2019]
- Medical Technologist Job in Multiple Locations - Department of the Air Force - LemonWire [Last Updated On: October 7th, 2019] [Originally Added On: October 7th, 2019]
- UI graduate student works to commercialize drug that prevents osteoarthritis - UI The Daily Iowan [Last Updated On: October 7th, 2019] [Originally Added On: October 7th, 2019]
- CONMED Corporation to Announce Third Quarter 2019 Financial Results on October 30, 2019 - BioSpace [Last Updated On: October 7th, 2019] [Originally Added On: October 7th, 2019]
- TE Connectivity Collaborates With Hanhaa and Avnet to Advance Smart Tracking - PRNewswire [Last Updated On: October 7th, 2019] [Originally Added On: October 7th, 2019]
- Medtronic Initiates Worldwide Pivotal Study of a New Approach to Treating Dangerously Fast Heart Rhythms - GlobeNewswire [Last Updated On: October 7th, 2019] [Originally Added On: October 7th, 2019]
- Axonics Broadens EU Commercial Footprint with Recommendation for Reimbursement in France and Supply Contract in Norway - Business Wire [Last Updated On: October 7th, 2019] [Originally Added On: October 7th, 2019]
- Safe Orthopaedics Announces the Approvals of SteriSpine LC and CC in Japan - Business Wire [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Microspheres Market 2019 | Remarkable Growth Factors with Industry Size & Share, New Innovations of Leading Players & Forecast till 2024 -... [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Members Move Medicine: Tackling the underlying barriers to care - American Medical Association [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Why collaboration is key for the medtech industry to deliver life-saving innovations - create digital [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- PhenoMx executes MOU to develop strategic initiatives for Thailand's biotech, life sciences and medical industries - The New Economy [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- X-Ray Detectors Market Report Extensive Analysis 2019 | Specified by Production, Technology, Competition, and Revenue Forecast till 2024 - Elamal News [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- The Future of Proton Beam Therapy - Nature World News [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- GTX merges with NeuroRecovery Technologies to form GTX medical BV - Medical Device Network [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Misonix to Report Fiscal 2020 First Quarter Financial Results and Host Conference Call and Webcast on November 7 - GlobeNewswire [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Private health insurers say cost of medical devices putting pressure on premiums - The Guardian [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- These Apps Say You May Have a Health Disorder. What if Theyre Wrong? - The New York Times [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- The real horror this Halloween is the FDA's drug approval process | TheHill - The Hill [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- OraSure simplifies medical testing worldwide. Why the CEO says theyre still based in Bethlehem. - lehighvalleylive.com [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- 10 Medical Advances That Will Shape the Future of Healthcare - Discover Magazine [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Medical billing is a nightmare, but start-up Ooda is working to make it way easier, and some insurers are optimistic - CNBC [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- What We Know About the Man Accused of Stabbing His Mother to Death in a Plainville Kitchen - NBC10 Boston [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Where Are The Medical CIOs Investing? - Medical Tech Outlook [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Neuronetics and Success TMS Partner to Increase Patient Access to Leading Depression Treatment, NeuroStar Advanced Therapy - The Courier-Express [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Medical Device Security Market Growth Analysis 2019 to Share Key Aspects of the Industry with the details of Influence Factors Forecast to 2024 -... [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- 3Ms Shares Could Cross $200 Next Year Thanks To Acelity Acquisition - Forbes [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Judge to hear motion aiming to temporarily shut down Newton County plant - CBS46 News Atlanta [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- NYC Marathon Runners Turning To Intensive Medical Technology To Reach Peak Performance - CBS New York [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Misonix to Participate in Three Upcoming Investor Conferences - Associated Press [Last Updated On: November 5th, 2019] [Originally Added On: November 5th, 2019]