Measuring What Matters: Broadening the Scope of Health Economics Evaluation to Incorporate Well-Being

Published Jul 9, 2024

ISPOR Publishes Themed Section in Value in Health
Exploring Novel Frameworks, Measures, and Insights

Lawrenceville, NJ, USA—July 9, 2024—ISPOR—The Professional Society for Health Economics and Outcomes Research announced today the publication of a special themed section of research papers in Value in Health that offer insights into facets of economic evaluation aimed to incorporate well-being into decision making. Guest editors for the themed section are Aleksandra Torbica, PhD, Universita Bocconi, Milan, Italy; Brendan Mulhern, PhD, University of Technology Sydney, Sydney, Australia; and Richard Norman, PhD, Curtin University, Perth, Australia. The series was published in the July 2024 issue of Value in Health.

In their opening editorial, Torbica, Mulhern, and Norman note the ongoing interest in the improvement and refinement of methodologies and frameworks to better understand the complex interactions between interventions, well-being, and resource allocation. They point out that “outcomes beyond health are important, not well measured using our existing tools, and might be better addressed if we have a system that allows cross-sector comparisons.”

The studies in the themed section propose comprehensive theoretical frameworks for economic evaluation, emphasize the importance of valuing various attributes of benefit, and assess the impact of public expenditure across sectors. They also explore population norms and factors contributing to subjective well-being inequality, evaluate the psychometric properties of the EQ-HWB measure in diverse populations, investigate willingness to pay for gains in capability well-being, and introduce the WiX instrument as a comprehensive measure capturing satisfaction across key domains of well-being.

The themed section includes 6 research papers:

  1. Social Decision-Making Analysis: A General Approach To Inform Decisions on Resources in the Public Sector,” by Francesco Longo, PhD; Karl Claxton, PhD; Susan Griffin, PhD; Anne Mason, PhD; Simon Walker, MSc; and Helen Weatherly, MSc.
  2. "Values Beyond ‘Health’ in Budget-Constrained Healthcare Systems,” by Charles Phelps, PhD
  3. Subjective Well-Being Population Norms and Inequalities in Hungary: A Large Cross-Sectional, Internet-Based Survey,” by Thao Nguyen, MD, MSc; Fanni Rencz, MD, PhD; and Valentin Brodszky, MD, PhD
  4. "A Head-to-Head Comparison of EQ-HWB and EQ-5D-5L in Patients, Carers, and General Public in China," by Chen Long, PhD; Zhuxin Mao, PhD; and Zhihao Yang, PhD
  5. "From Health to Well-Being: Toward a Monetary Valuation of a Well-Being-Adjusted Life Year," by Carolin Brinkmann, MSc; Tom Stargardt, PhD; and Werner Brouwer, PhD
  6. "Construct Validity, Reliability, and Responsiveness of the 10-Item Well-Being Instrument (WiX) for Use in Economic Evaluation Studies," by Judith Bom, PhD; Daphne Voormolen, PhD; Werner Brouwer, PhD; Esther de Bekker-Grob, PhD; and Job van Exel, PhD

“In summary, the 6 studies included in the ‘From Health to Welfare’ themed section contribute to advancing the field of health economics and policy analysis by offering novel frameworks, measurement tools, and insights into the holistic evaluation of interventions and resource allocation decisions,” concluded Torbica, Mulhern, and Norman. "By addressing gaps in traditional methodologies and broadening the scope of evaluation to encompass well-being beyond health, these studies pave the way for more comprehensive and nuanced approaches to economic evaluation in healthcare and social policy.”


ISPOR—The Professional Society for Health Economics and Outcomes Research
(HEOR), is an international, multistakeholder, nonprofit dedicated to advancing HEOR excellence to improve decision making for health globally. The Society is the leading source for scientific conferences, peer-reviewed and MEDLINE®-indexed publications, good practices guidance, education, collaboration, and tools/resources in the field.
 | LinkedIn  | Twitter (@ispororg)  |  YouTube  |  Facebook  |  Instagram  

Value in Health
(ISSN 1098-3015) is an international, indexed journal that publishes original research and health policy articles that advance the field of health economics and outcomes research to help healthcare leaders make evidence-based decisions. The journal’s current impact factor score is 4.9 and its 5-year impact factor score is 5.6. Value in Health is ranked 5th of 118 journals in Health Policy and Services, 15th of 174 journals in Health Care Sciences and Services, and 56th of 597 journals in Economics. Value in Health is a monthly publication that circulates to more than 55,000 readers around the world.
  | Twitter (@isporjournals)



Explore Related HEOR by Topic

Related Stories

Confronting the Backlash Against QALYs: Key Insights From Leading Health Economists

Jun 18, 2024

ISPOR announced the publication of a collection of papers that examine the long-standing debate surrounding the use of quality-adjusted life years (QALYs) and alternative measures in healthcare decision making.

ISPOR Good Practices Report Offers Guidance for Using Real-World Data From EHRs in Health Technology Assessments

Jun 17, 2024

ISPOR announced the publication of an ISPOR Good Practices Report that proposes a framework for assessing the suitability of electronic health records data for use in health technology assessments. The report, “Assessing Real-World Data from Electronic Health Records for Health Technology Assessment: The SUITABILITY Checklist: A Good Practices Report of an ISPOR Task Force” was published in the June 2024 issue of Value in Health.

ISPOR Announces 2024-2025 Board of Directors

May 28, 2024

ISPOR—The Professional Society for Health Economics and Outcomes Research announced the results of its recent elections. The Society’s membership selected its new president-elect and 4 new board members. The 2024-2025 board will assume office on July 1.
Your browser is out-of-date

ISPOR recommends that you update your browser for more security, speed and the best experience on Update my browser now