May 15: A Health Economics Approach to US Value Assessment Frameworks - In Person at ISPOR 2022

May 15, 2022

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A Health Economics Approach to US Value Assessment Frameworks

Health Policy & Regulatory
4 Hours | Course runs 1 day

This short course will be offered in-person at the ISPOR 2022 conference. Separate registration is required. Visit the ISPOR 2022 website to register and learn more.

Sunday, 15 May 2022 | Course runs 1 Day
1:00PM-5:00PM Eastern Daylight Time (EDT) 

This short course will focus on the recent ISPOR Special Task Force Report, “A Health Economics Approach to US Value Frameworks.” It will begin with an overview of recent US value assessment frameworks, with emphasis on the importance of perspective and decision context in the construction and use of value frameworks. It will then review how a health economics approach from a societal or health plan perspective leads to use of cost-effectiveness analysis (CEA) to help guide efficient resource allocation.

There will be in-depth discussion of how measuring some aspects of the value of health benefits could augment the standard cost-per-quality-adjusted-life-year metric for CEA. Elements such as value of insurance, value of “hope,” real option value, severity of illness, and several others, have the potential to better capture how patients and/or society value the benefits of some treatments; each one is based on some research findings and some case examples will be shown.

The course will then review how budget considerations, cost-effectiveness thresholds, and opportunity costs enter CEA-based decision-making. Next faculty will review broader approaches to cost-benefit aggregation and value-based decision-making, including extended CEA, augmented CEA (introduced by this Report), and multi-criteria decision analysis (MCDA), with an overview of issues and new approaches to MCDA. It then discusses the strengths and weaknesses of recent US value assessment frameworks from this health economic perspective and closes with a review of the high-level recommendations of this Special Task Force.
            ***Registrants will receive a digital course book. Copyright, Trademark and Confidentiality Policies apply.***


Richard J. Willke, PhD
Lawrenceville, NJ, USA

Louis P. Garrison, Jr, PhD
University of Washington 
Seattle, WA, USA

Charles Phelps, MBA, PhD
University of Rochester
Rochester, NY, USA

Basic Schedule:
4 Hours | Course runs 1 Day

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