ISPOR Strategic Plan Update 2024
ISPOR, the leading society in health economics and outcomes research (HEOR), launched a Strategic Plan in 2016. When the plan was developed, ISPOR was successful and growing exponentially, but it lacked a solid infrastructure, governance, and traditional association processes that would be required for future success. Infrastructure investments in governance, structures, systems, product and communication strategies, staff, and other business elements were required to evolve a more professional member and support organization capable of channeling knowledge and member engagement toward strategic objectives.
The Strategic Plan authors understood the magnitude of organizational development needed for the rapidly growing ISPOR, therefore plan objectives were largely focused on longer-term initiatives and important foundational work.
The 2016-2019 plan included a significant shift in ISPOR’s mission from its original focus on pharmacoeconomics to health economics and outcomes research. This Strategic Plan also directed significant efforts to engage new stakeholders in ISPOR, including patients, clinicians, and payers. Additionally, it included plans to redesign the Society’s governance mechanisms to stimulate more diverse participation in councils, committees, and other member activities.
During the implementation of the 2016-2019 Strategic Plan, ISPOR expanded its investments in mission-related activities fourfold. This included increased financial support for chapters and members in low- and-middle-income countries (LMICs), investments in patient engagement, and in enhanced dialogue with decision makers, related societies, and other groups. ISPOR’s initiatives in support of the advancement of HEOR in LMICs are summarized on the Society’s website.
ISPOR also significantly upgraded its website, increased communication strategies, and launched new branding for the Society and its products. To identify and communicate about the impact the Society is making globally, ISPOR began surveying stakeholder groups, starting with members and then moving to payers and assessors.
Since 2016, ISPOR’s influence has increased, resulting in significant growth in its global events and elevated prominence of its Health Technology Assessment (HTA) Roundtables, Patient Engagement Roundtables, and other collaborations. Highly respected, significantly utilized ISPOR good research practices and other reports increased in number and utilization. The performance of Value and Health—ISPOR’s flagship journal—continued to grow during this time, its reputation and relevance reflected in an impressive increase in its impact factor. Throughout the 2016-2019 Strategic Plan, ISPOR began to examine its role in the healthcare system and advanced work on value frameworks and real-world evidence. At the same time, business plans for new stakeholder areas, such as medical device and digital areas, were initiated.
With much of the 2016-2019 Strategic Plan’s foundational work completed, in 2018 ISPOR embarked on a Strategic Plan update, described herein. In this planning process, ISPOR surveyed members and other stakeholder groups, such as payers and assessors, to identify major opportunities for the Society, including taking a leadership role for HEOR globally, accelerating development of good research practices and updates, communicating to an expanded set of stakeholders, developing new membership segments and a pipeline of future members and leaders, building relationships with decision makers and influencers, and articulating how ISPOR is impacting complex healthcare system issues. A member work group was formed to write a white paper to articulate ISPOR’s views on the future of HEOR, which is available on the Society’s website.
In this Strategic Plan Update 2024, no changes were recommended to ISPOR’s mission, vision, or strategic plan pillars. After review, by the Strategic Planning Work Group and Board of Directors, these continue to be a good representation of ISPOR’s aims and purpose.
Strategic pillar descriptions, objectives, and tactics were updated to emphasize areas of leadership, consensus shaping, education, and communication.
Long-Term Strategic Priorities
In the following Strategic Plan Update, long-term strategic priorities are defined as:
- Utilizing ISPOR’s resources to educate, communicate, and lead
- Promoting the use of HEOR in decision making, including continuing development of good research practices, providing platforms for dialogue, and producing highly regarded education and publications related to new and existing methods, technologies, and emerging trends in healthcare
- Communicating the value of HEOR and the impact ISPOR makes in improving healthcare decisions
- Leading and mentoring the HEOR profession, while maintaining linkages with professionals in complementary disciplines
- Ensuring a robust pipeline of members and future leaders who represent the diversity of ISPOR’s membership
- Enhancing collaboration with and involvement of payers, healthcare providers, patient engagement organizations, policy makers, assessors and regulators, research and academia, the life sciences industry, and interested societies and organizations across healthcare
- Maintaining financial stability while investing in members and new and existing mission-critical activities
Working to Transform Healthcare Decision Making
Over the past 25 years, the science and use of HEOR has grown exponentially. HEOR provides a framework to clearly define healthcare issues and to generate and assemble the relevant evidence to inform and guide healthcare decision making.
As a global, not-for-profit, scientific and educational society, ISPOR builds HEOR knowledge and skills among its members and stakeholders. ISPOR leads transformative efforts to strengthen and expand capabilities in HEOR to improve healthcare decision making. Informed by the collective knowledge and experience of its members, ISPOR understands the complexity of healthcare systems globally and believes that the application of good HEOR practices and resources greatly improves decisions across healthcare systems. The use of HEOR has expanded to all levels of analysis and decision making, broadening the Society’s membership base and, therefore, its education and communication responsibilities. This Strategic Plan Update 2024 is intended to build upon the long-time education and research focus of ISPOR by stimulating innovation in methods and development of good research practices, presenting education in global and local contexts, facilitating relevant dialogue among members and stakeholders, and communicating the impact of the application of HEOR.
The Future of HEOR
In developing this Strategic Plan update, ISPOR tapped the experiences of a large group of members representing many stakeholder segments and geographic regions. In addition to the development of this plan, various subgroups were assembled to inform ISPOR’s views on the future of HEOR, to clarify ISPOR’s value proposition to each stakeholder segment, and to recommend strategies to advance the role of HEOR in decision making. ISPOR describes the future of HEOR in a white paper, “The Future of HE+OR: HEOR’s and ISPOR’s Impact on Healthcare Systems and the Multistakeholder Community.”
An ISPOR White Paper:
The Future of HE+OR: HEOR’s and ISPOR’s Impact on Healthcare Systems and the Multistakeholder Community
"The healthcare ecosystem is under immense pressures around the globe. While many stakeholders struggle with similar issues, they meet those issues with differing priorities depending on where in the world one lives and which perspective is used to view the major shifts that are occurring."
ISPOR believes that by including a wide variety of stakeholder viewpoints, the Society can advance the science and increase the understanding and application of HEOR methods to improve healthcare decisions. As a global resource of unbiased information and as a catalyst for innovation in the HEOR field, the Society’s membership comprises 20,000 individual and chapter members from 110+ countries worldwide, including researchers and academicians, assessors and regulators, payers and policy makers, the life sciences industry. healthcare providers, and patient engagement organizations.
ISPOR's Organizational Values
ISPOR embraces a core set of values that are at the center of the Society’s vision and mission. They focus on maintaining high scientific and ethical standards, being member-driven with clear, measurable, and impactful goals, ensuring good governance in our business, and being a diverse, socially responsible organization.
- We are a science-driven, global society committed to excellence in HEOR and its use in healthcare decision making.
- We demand and promote professional ethical standards in the conduct and application of HEOR.
- We embrace diversity and inclusion in our membership and in all endeavors.
- We seek and utilize the input of global members and stakeholders to make informed decisions.
- We ensure financial sustainability through fiscal responsibility.
- We maintain transparency in our governance and financial practices.
- We take a leadership role in supporting socially responsible principles to put into practice sustainable development and good corporate citizenship.
- We recognize the importance of the complementarity of ISPOR members and staff in the success of the organization.
- We strive for excellence in everything that we do and continuously seek innovative ways to improve our work and measure our progress.
ISPOR's Strategic Pillars
ISPOR’s Strategic Plan Update 2024 builds on its previous Strategic Plan and its 4 strategic pillars and operational values described below.
Scientific and Research Excellence
ISPOR will define best research practices in the science of HEOR and promote their use to improve healthcare decision making globally.
- Lead ongoing innovation in the science of HEOR and demonstrate the impact of its use in research and decision making.
- Build on synergies between health economics and outcomes research and promote the value of embedding HEOR practices directly into the research and development process.
- Leverage innovations in relevant disciplines, industries, and technologies to strengthen HEOR.
- Promote and disseminate highly credible HEOR through ISPOR’s journals, publications, and conferences that are recognized for high-quality scientific content and trending information.
- Advance the use of HEOR in emerging geographic regions through strategic investments in education and support of regional groups (chapters, networks, consortia) and designated collaborations.
- Recognize and promote HEOR scientific and research excellence.
- Emphasize the key role of appropriately trained professionals in the conduct and application of HEOR.
ISPOR will engage members and stakeholders to drive excellence in its programs, publications, and activities to support networking and professional growth.
- Create an unparalleled experience for members.
- Facilitate information sharing, collaboration, and consensus building across member groups, including chapters and virtual communities, and incorporate multiple perspectives in all endeavors.
- Create opportunities for members interested in specialized subject areas or methods to connect and exchange ideas both in-person and virtually.
- Foster the development of future members through student and new professionals networks.
- Promote volunteer and leadership opportunities for members from all backgrounds, regions, sectors, and career phases based on knowledge and skills.
- Recognize member contributions to ISPOR's mission.
Education and Training
Knowledge and skill building are at the core of the Society’s mission. ISPOR will lead efforts to strengthen and expand capabilities in health economics and outcomes research.
- Lead the development of HEOR-focused education and training programs delivered in multiple formats.
- Develop and deliver a core curriculum for HEOR education and training utilizing input from members across regions, career stages, and organization types.
- Facilitate dialogue between academic and nonacademic members to encourage relevant university programs that best prepare students for employment in HEOR-related careers.
- Provide members with access to career and skill-enhancing tools, beyond HEOR, through partnerships.
Communication and Collaboration
ISPOR will communicate the value and enhance the impact of HEOR.
- Communicate the impact of HEOR and ISPOR in guiding healthcare systems’ decision making.
- Facilitate the interpretation of HEOR results and resources for broader stakeholder audiences (eg, payers, patients, media) to promote understanding, capacity building, and the use of HEOR in decision making.
- Evolve strategic collaborations and partnerships to communicate the impact of HEOR in all healthcare settings (from R&D through learning healthcare systems) and extend the knowledge and use of HEOR research and good practices.
- Empower members to be effective communicators on the importance of HEOR.