THE RISE OF THE VALUE ANALYSIS COMMITTEE AT US HOSPITALS, BETTER OR WORSE FOR MEDICAL DEVICE COMPANIES?

Author(s)

Hristova-Neeley D1, Armstrong S1, Garfield S1, Ertel D2
1GfK Custom Research, Wayland, MA, USA, 2Einstein Healthcare Network, Philadelphia, PA, USA

OBJECTIVES: In response to increased pressure to contain costs and optimize patient outcomes, hospitals have implemented standardized decision-making processes utilizing value analysis committees (VACs). In 2012, 64% of hospitals reported using some form of VAC. The objective of this analysis was to quantify the adoption of VAC, the product features considered impactful by VAC, timing of review and evidence requirements.  METHODS: Qualitative interviews (n=40) and quantitative online survey (n=76) were conducted with C-suite executives, purchasers, and clinician leads in the second half of 2014. Research participants were drawn from across the US, from a diverse selection of hospitals, including large/small, rural/urban and profit/non-profit. Outcomes of the research included adoption of VAC, triggers for VAC review, timing of review process, evidence requirements and implications for medical device companies. RESULTS:

Conference/Value in Health Info

2015-05, ISPOR 2015, Philadelphia, PA, USA

Value in Health, Vol. 18, No. 3 (May 2015)

Code

PMD68

Topic

Health Policy & Regulatory

Topic Subcategory

Pricing Policy & Schemes

Disease

Multiple Diseases

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