We are focused on advancing practical solutions in three key areas: better frameworks to support value-based care decisions; increased value-based contracting; and improved capacity for quality measurement. We will work collaboratively with stakeholders and thought leaders on reforms that make a difference for patients, consumers and the overall health care system.
Well-Structured Value Frameworks Support Patient-Centered, High Quality Care
When stakeholders work together to develop well-structured frameworks to assess the value of medical treatments, these tools can drive patient-centered, value-based health care in the private sector. Value assessments should reflect the unique health needs different stakeholders and individual patients who often respond differently to medicines based on factors such as age, genetic variation and comorbidities.
Market-Based Reforms Can Expand Partnerships Between Companies and Payers
As the U.S. health care system evolves away from fee-for-service to value-driven payment models, payers are increasingly pursuing value-based contracts with biopharmaceutical companies for new medicines. These innovative arrangements hold significant promise in controlling costs, providing patient access to treatments and strengthening evidence based on the value of new medicines.
Quality Measurement Can Help Hold the Health Care System Accountable for Value
We will work with other stakeholders to catalyze and support initiatives to advance the science of measuring quality, patient-centeredness and value in health care. Quality measures can help identify areas for improvement, hold the health care system accountable for providing the best care for patients and assess progress in driving value.