Improving Patient Outcomes and Reducing Inefficiency

Concern over rising health care costs has increased interest in promoting high-quality care, while avoiding low value or inefficient care. As the U.S. health care system encourages value-driven decision-making, it is important that information on value of health care interventions be robust, transparent and address the needs of all health care stakeholders, including patients, payers and providers.

A number of initiatives aiming to drive value in health care have emerged in recent years, but few offer transformative solutions that reflect patient preferences and real-world clinical practice. In addition, many issues in methodology and patient engagement remain unresolved.

To address these factors and encourage patient-centered, value-driven care, the PhRMA Foundation’s Value Assessment Initiative (VAI) offers special research awards — with total funding of more than $2.8 million to date.

This major initiative is seeking transformative, multi-stakeholder-driven solutions to address challenges in assessing the value of medicines and health care services to improve patient outcomes and reduce inefficiency.

The initiative offers three separate award programs: Center of Excellence Awards, Research Awards and Challenge Awards.

In the meantime, if you would like to learn more about the process of applying for a Value Assessment Award, please click on the designated green boxes below.