The Value Assessment Initiative Research Awards seek to identify challenges in research conducted to assess the value of medicines and health care services.
KEY DETAILS The Value Assessment Research Awards fund proposals that identify and address challenges in research conducted to assess the value of medicines and health care services.
Application deadline: Letters of intent for this award were due August 1, 2019 and applications for 2020 funding opportunities have now closed. Information about 2021 funding will be available at this website in early 2020.
Eligibility: Award opportunities are open to all individuals and organizations with training in health economics, outcomes research, clinical sciences or health care evaluation. Eligible applicants should hold an advanced degree in a field of study logically or functionally related to the proposed activities, such as a PhD or equivalent. Interdisciplinary collaboration is highly encouraged. At least one collaborator must also have a firm commitment from an accredited U.S. university or research organization.
Funding: Varying levels, up to $100,000, for a one-year period. Level of funding will depend on the scope of proposed activities. A maximum of 20 percent of the award may be used for indirect institutional costs.
Important: Please click on topics in blue, above, to learn full details about this award.
ABOUT THE VALUE ASSESSMENT INITIATIVE RESEARCH AWARDS Value assessment in health care comprises a broad set of methods to synthesize and evaluate the relative benefits and costs of health care interventions. The goal of value assessment is to assist stakeholders, including patients, providers and payers, in making informed decisions to improve health and care efficiency. These assessments are conducted using varied methodological approaches to synthesize data from various sources to guide individual or population-level decisions. For greatest impact, these methods should offer opportunities to incorporate patient characteristics and their preferences to guide treatment decisions. However, there are a number of limitations of the data sources, methodologies and measures applied in value assessment. Additionally, existing data sources do not allow for complete capture of patient-level information or preferred outcomes. The PhRMA Foundation is seeking proposals that identify and address challenges in research conducted to assess the value of medicines and health care services. Example topics may include, but are not limited to:
- Measurement and reporting of value elements
- Frameworks for value assessment
- Selection and reporting of study populations
- Collection and measurement of patient-centered outcomes
- Heterogeneity of patient preferences
- Value element aggregation techniques
- Uncertainty in model parameters or structures
- Incorporation of real-world data
- Value from different stakeholder perspectives
- Ethical considerations
- Development of decision tools
Click here to view the 2020 Value Assessment Initiative – Research Awards for more information.
The PhRMA Foundation seeks 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.
Award opportunities are open to all individuals and organizations with training in health economics, outcomes research, clinical sciences or health care evaluation. Eligible applicants should hold an advanced degree in a field of study logically or functionally related to the proposed activities, such as a Ph.D. or equivalent. Interdisciplinary collaboration is highly encouraged. At least one collaborator must also have a firm commitment from an accredited U.S. university or research organization.
Awards will be available of varying levels up to $100,000 for a one-year period. Level of funding will depend on the scope of proposed activities. Candidates should consult the Foundation for guidance or questions. A maximum of 20 percent of the award may be used for indirect institutional costs.
Research Award Application Checklist
This is a two-step process. The first step is submitting a letter of intent (LOI) by August 1, 2019 via this link to initiate the grant application process. LOIs be reviewed for potential program fit, novelty, importance, rigor and clarity. Letter of Intent submissions will be notified by August 22, 2019 whether s/he should submit a full application by October 1, 2019. Details of how to submit the application will be explained at that time.
1. General Registration Information
2. Applicant CV or Biosketch – one PDF
3. Applicant Cover Letter – one PDF
4. Research Abstract – text box Submit a titled abstract of concerning the proposed research plan (4,000 character maximum)
5. Research Plan – one PDF The applicant must prepare a comprehensive description of the research plan, not to exceed 3,000 words. The research plan should include: * a description of the objective(s) * rationale or existing gap the objective(s) will address * an explanation on how the objective(s) fits within a broader conceptual framework of value assessment or value-driven decision-making * the known limitations * the expected findings and significance/potential impact or use of the findings * how this work will be applied * preliminary research, if any, should also be included * the proposal should state the plans for dissemination of findings (i.e., expected peer-reviewed publications, poster or paper presentation at research meetings) * bibliography of references cited – this is excluded from the page length restriction
6. Budget – one PDF Submit a budget categorizing how grant funds will be used. List any other funding this project will receive, including startup funds for the applicant.
7. Institutional Commitment Contact Provide contact information. The application system will request a letter of support from the contact asking them to confirm the institution’s support of your project.
8. Collaborator if applicable Provide contact information 9. Additional References Provide contact information for at least one reference; no more than three.
PLEASE NOTE: Letters and third-party materials should not be uploaded by the applicant. The application system will request contact information, including an email address, for the Institutional contact, collaborator (if applicable) and references. These individuals will receive a prompt from the system with instructions for uploading their document(s), which will be appended to the application. The deadline date for letters and third-party materials is September 15th.
Click here for 2020 awards brochure. Please contact the Foundation at foundation@phrma.org, or call 202-572-7756 for more information.
