Managed Care & Benefit Management
STANDARDIZED METHOD TO ESTABLISH COMPARATIVE VALUE OF DRUGS/DEVICES/THERAPIES
The Pharmaceutical Value Index is a groundbreaking healthcare economics instrument. It objectively measures the: 1) comparative effectiveness, and 2) cost-effectiveness associated with a drug or medical device. The Quality-of-Life Utility Database forms the basis for accurate, standardized determinations.
CONSISTENT COST BASIS FOR COST-UTILITY ANALYSIS
The Pharmaceutical Value Index quantifies the patient value conferred by any drug or device. It is applicable for a drug or device that is: 1) under consideration, 2) under development in clinical trials, or 3) already in the marketplace.
ESTABLISH & JUSTIFY FORMULARIES AND/OR DEVICE USE
Value-Based Medicine® analyses determine the patient value gain from an intervention, be it medical, surgical, diagnostic or pharmaceutical. When two or more interventions deliver similar value gain, the associated costs can then be compared to ascertain which is the most economical.