New Managed Care Findings from University of Washington Described (An Overview of Value, Perspective, and Decision Context-A Health Economics…

Insurance Weekly News

New Managed Care Findings from University of Washington Described (An Overview of Value, Perspective, and Decision Context-A Health Economics Approach: An ISPOR Special Task Force Report [2])

By a News Reporter-Staff News Editor at Insurance Weekly News -- Research findings on Managed Care are discussed in a new report. According to news reporting out of Seattle, Washington, by VerticalNews editors, research stated, "The second section of our Special Task Force builds on the discussion of value and perspective in the previous article of the report by 1) defining a health economics approach to the concept of value in health care systems; 2) discussing the relationship of value to perspective and decision context, that is, how recently proposed value frameworks vary by the types of decisions being made and by the stakeholders involved; 3) describing the patient perspective on value because the patient is a key stakeholder, but one also wearing the hat of a health insurance purchaser; and 4) discussing how value is relevant in the market-based US system of mixed private and public insurance, and differs from its use in single-payer systems. The five recent value frameworks that motivated this report vary in the types of decisions they intend to inform, ranging from coverage, access, and pricing decisions to those defining appropriate clinical pathways and to supporting provider-clinician shared decision making."

Our news journalists obtained a quote from the research from the University of Washington, "Each of these value frameworks must be evaluated in its own decision context for its own objectives. Existing guidelines for cost-effectiveness analysis emphasize the importance of clearly specifying the perspective from which the analysis is undertaken. Relevant perspectives may include, among others, 1) the health plan enrollee, 2) the patient, 3) the health plan manager, 4) the provider, 5) the technology manufacturer, 6) the specialty society, 7) government regulators, or 8) society as a whole."

According to the news editors, the research concluded: "A valid and informative cost-effectiveness analysis could be conducted from the perspective of any of these stakeholders, depending on the decision context."

For more information on this research see: An Overview of Value, Perspective, and Decision Context-A Health Economics Approach: An ISPOR Special Task Force Report [2]. Value in Health, 2018;21(2):124-130. Value in Health can be contacted at: Elsevier Science Inc, 360 Park Ave South, New York, NY 10010-1710, USA. (Elsevier - www.elsevier.com; Value in Health - www.journals.elsevier.com/value-in-health/)

Our news journalists report that additional information may be obtained by contacting L.P. Garrison, University of Washington, Sch Pharm, Comparat Hlth Outcomes Policy & Econ CHOICE Inst, Seattle, WA 98195, United States. Additional authors for this research include M.V. Pauly, R.J. Willke and P.J. Neumann.

Keywords for this news article include: Seattle, Washington, United States, North and Central America, Finance and Investment, Health and Medicine, Managed Care, University of Washington.