Sold Out Risk-Sharing / Performance-Based Arrangements for Drugs and Other Medical Products
Sunday, 5 November 2017
8:00 - 12:00
Room: Forth (Armadillo)
Track: Use of Pharmacoeconomic / Economic / Outcomes Research Information
Level: Intermediate This course is designed for those with some experience with pharmacoeconomic analysis.
Prerequisite: Helpful for those taking this course to have completed the ISPOR short course “Elements of Pharmaceutical/Biotech Pricing” or to be familiar with both the key determinants of pharmaceutical pricing and the main international health systems.
Louis P. Garrison, PhD Louis P. Garrison, PhD, Professor, Pharmaceutical Outcomes Research & Policy Program, School of Pharmacy University of Washington, Seattle, WA, USA
Adrian Towse, MA, MPhil Adrian Towse, MA, MPhil, Director, Office of Health Economics, London, UK
Josh J. Carlson, MPH, PhD Josh J. Carlson, MPH, PhD, Associate Professor, Pharmaceutical Outcomes Research and Policy Program, Department of Pharmacy, University of Washington, Seattle, WA, USA
Course Description:
There is significant and growing interest among both the payers and producers of medical products for arrangements that involve a “pay-for-performance” or “risk-sharing” element. These payment schemes involve a plan by which the performance of the product is tracked in a defined patient population over a specified period of time and the level of reimbursement is tied by formula to the outcomes achieved. Although these agreements have an intrinsic appeal, there can be substantial barriers to their implementation. Issues surrounding theory and practice, including incentives and barriers, will be analyzed along with several examples of performance-based schemes from Europe, the United States, and Australia. A hypothetical case study will be used in an interactive session to illustrate a systematic approach to weighing their applicability and feasibility.
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