According to Dr Ramsey, both the Health Economics Outcomes Research (HEOR) model and the pharmaceuticals pricing model in the United States are broken. He says: Unless we, as a community, figure out a way to use health economics in our decision making, we are not going to stop this train of unsupportable price increases in pharma.
According to Dr Ramsey, both the Health Economics Outcomes Research (HEOR) model and the pharmaceuticals pricing model in the United States are broken. He says: “Unless we, as a community, figure out a way to use health economics in our decision making, we are not going to stop this train of unsupportable price increases in pharma.”
HEOR is defined as a multidisciplinary approach that is aimed at estimating value. This value usually includes costs and outcomes, as well as factors such as looking at the budget impact of new technologies, patient-reported outcomes, practice patterns, comparative effectiveness, and cost- effectiveness.
Dr Ramsey argues that unless we look at value and cost, the outcomes and research have little meaning. We cannot make good decisions and improve value for patients until cost and quality are taken into account.
“I think we need to put the H-E back into HEOR and figure out ways, as a community, for using that as a leverage point for breaking the current price trend in oncology,” he says.
The Joint Commission is launching the Rural Health Clinic Accreditation Program to standardize staff training and patient care practices at rural health clinics nationwide; the American Cancer Society recently launched the largest-ever study of cancer risk and outcomes in Black women; the HHS COVID-19 vaccination campaign saved $732 billion by preventing illness and related costs.
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