Framing The Discussion: Why Assessing Value Is Important ......Shift The Dialogue From Price To...
Transcript of Framing The Discussion: Why Assessing Value Is Important ......Shift The Dialogue From Price To...
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Framing The Discussion: Why Assessing Value Is Important And Why It’s Important To Do Right
Robert W. Dubois, MD, PhDEVP & Chief Science OfficerNPC
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1. How we got here…
2. Challenges ahead
3. Today’s goals and agenda
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By The End Of The Day, We Should…
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• Identify ways for the field to advance
• Explore how frameworks should (not) be used
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Shift The Dialogue From Price To Value
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*Health Affairs Blog, August 31, 2015 by Ifrad Islam;
**Wall Street Journal, July 31, 2015 by Ed Silverman;
***USA Today, June 15, 2015, by Liz Szabo
“Rising Cost of Drugs:
Where do we go from here”* “How High? The Backlash Over
Rising Prescription Drug Prices
Gains Steam”**
“Skyrocketing drug prices
leave cures out of reach for
some patients”***
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Risk Sharing Heats Up
#npcvalueconf | 5https://www.statnews.com/pharmalot/2016/06/21/drug-prices-health-plans/
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Value Oriented Payments, Including Bundled Payments, Will Soon Dominate The Landscape
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2014 National Scorecard*
“40% of all commercial in-network payments are value-oriented–either tied to performance or designed to cut waste.”
“The use of value-oriented payment is growing rapidly; now we need to determine whether it makes health care better and more affordable.”
*Source: http://www.catalyzepaymentreform.org/how-we-catalyze/national-scorecard
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Value Frameworks Are Proliferating (But Will They…)
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• Reduce waste ($700b*)?
• Make health care better?
*estimated by the Institute of Medicine
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1. How we got here…
2. Challenges ahead
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① Beware What You Ask For
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• https://www.theguardian.com/society/2015/sep/03/life-extending-cancer-drugs-to-be-axed-by-nhs • http://www.dailymail.co.uk/health/article-3361800/We-t-afford-new-cancer-wonder-drugs-warns-NICE-Watchdog-rules-revolutionary-
treatment-shrink-tumours-months-not-available-England-Wales.html• http://www.raps.org/Regulatory-Focus/News/2015/01/23/21156/German-Price-Watchdog-Says-
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Need To Balance Cost Concerns With The Goal Of Improved Health
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② Be Careful What You Call Value Assessment
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$50k/patient 1 millionX = $50 billion
Benefits/Cost(at patient level)
1
XNumber of
Patients=
Budget Impact
2
Affordability
• Willingness to pay• Reduce waste• …
3
≠
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③ Today’s Frameworks Have Much To Teach, But Improvements Needed
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Guiding Practices
Version 1.0 Launched!
NEW & IMPROVED
VERSION 2.0Available Now!
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Current Value Frameworks Are Likely Not “Ready For Primetime”
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“It’s supposed to be hard. If it
were easy, everyone would
do it.”
--Tom Hanks, A League of Their Own
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④ Be Careful In Deciding How A Framework Can Be Used
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Value-Based Pricing Strategies* (Phase 2)
• Reference pricing• Indication-specific pricing• Outcomes-based risk sharing
*depends upon a recognizedvalue framework
Because…
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1. How we got here…
2. Challenges ahead
3. Today’s goals and agenda
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Value, Value Everywhere…
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1. Framing the Discussion: Why Assessing Value Is Important & Why It’s Important to Do It Right
2. Moving Value Frameworks from Fledgling to Functional
• Presentation of Research
• Panel Discussion
3. Lunch
Agenda
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4. Why Four Frameworks (Should) Arrive at Different Conclusions: A Case Study of Multiple Myeloma Reviews
• Presentation of Research
• Panel Discussions:
o Framework Developers
o Stakeholder Perspectives
5. Summary/Adjourn
Agenda (Continued)
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Project 1 – Do Frameworks Reflect Guiding Practices?
Moving Frameworks From FledglingTo Functional
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Assessment Process
Methodology
Benefits
Costs
Evidence
Dissemination
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What Checklists Can Tell Us…(and What They Can’t)
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Project 2 – Why Four Frameworks (should) Arrive At Different Conclusions: Multiple Myeloma
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DRUGABACUSICER ASCONCCN
Translate
Why The Differences?
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• Identify ways for the field to advance
• Explore how frameworks should (not be used)
By The End Of The Day, We Should…
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1. What and how evidence is used
2. Patient perspective and involvement
3. How user preferences are incorporated
4. How reproducibility of findings can be enabled
5. Cost effectiveness both from a health care and a societal standpoint
6. Whether and how budget impact assessment is done
The Field Can Productively Advance By Considering…
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