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 Advisory Committee 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
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, and at least one collaborator must be a U.S. citizen or permanent resident by the time of initiation of this award.
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.
- General Registration Information
- Applicant CV or Biosketch
- Applicant Cover Letter
The applicant must provide a cover letter describing why he/she is qualified to conduct the proposed research and how the proposed activities will advance value assessment and the goals and needs of patients and other stakeholders. The letter should also state whether the applicant has any conflicts of interest related to the proposed research. The letter should also include a description of any proposed collaborations, e.g. with patients or other stakeholders.
- Research Abstract
Submit a titled abstract of approximately 500 words concerning the proposed research plan.
- Research Plan
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, explain how the objective(s) fits within a broader conceptual framework of value assessment or value-driven decision-making, known limitations, expected findings and significance/potential impact or use of the findings. A bibliography of references cited is excluded from the page length restriction. 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).
- Budget (no specific format required)
Submit a budget categorizing how grant funds will be used. List any other funding this project will receive, including startup funds for the applicant.
- Institutional Commitment Contact
Provide contact information and a recommendation letter.
- Collaborator if applicable
Provide contact information, NIH Biosketch and a reference letter.
- Additional References
Provide contact information and reference letters from up to three individuals familiar with your scientific career.
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 15, 2017.
Submit copies of relevant articles you have published.