The power of health economics and outcomes research (HEOR) in making decisions that matter

Deciding on approving and granting market access to new medical technologies such as pharmaceutical products, vaccines, or medical devices is a multifactorial research problem. Balancing out clinical performance, epidemiological implications, burden of disease, economic value, and patient preferenc...

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Main Author: Oscar Herrera Restrepo
Format: Article
Language:English
Published: Unidad Central del Valle del Cauca 2021-12-01
Series:Magna Scientia UCEVA
Subjects:
Online Access:https://190.97.80.24:443/index.php/magnascientia/article/view/10
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author Oscar Herrera Restrepo
author_facet Oscar Herrera Restrepo
author_sort Oscar Herrera Restrepo
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description Deciding on approving and granting market access to new medical technologies such as pharmaceutical products, vaccines, or medical devices is a multifactorial research problem. Balancing out clinical performance, epidemiological implications, burden of disease, economic value, and patient preferences, among other factors, is in itself a challenging endeavor. However, this should be a mandatory requirement when making approval and market access decisions that might affect millions of people in a specific country setting. The aim of this reflection research article is twofold; first, it provides context on the important role that health economics and outcomes research (HEOR) plays in informing decision making for market access and reimbursement of new medical technologies. Second, it outlines the power of HEOR studies in guiding discussions when assessing the value of new medical technologies. Overall, this article aims at highlighting key HEOR considerations for healthcare professionals, students, and institutions interested in building analytical capabilities around this exciting and uninterruptedly growing field of knowledge.
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spelling doaj.art-e87ec518639b46b583512fd3de1005ea2024-02-24T04:31:47ZengUnidad Central del Valle del CaucaMagna Scientia UCEVA2805-68842805-67012021-12-0111The power of health economics and outcomes research (HEOR) in making decisions that matterOscar Herrera Restrepo0US Health Outcomes & Epidemiology. Glaxo Smith Kline (GSK). Crescent Drive, Philadelphia, PA, 19112, USA Deciding on approving and granting market access to new medical technologies such as pharmaceutical products, vaccines, or medical devices is a multifactorial research problem. Balancing out clinical performance, epidemiological implications, burden of disease, economic value, and patient preferences, among other factors, is in itself a challenging endeavor. However, this should be a mandatory requirement when making approval and market access decisions that might affect millions of people in a specific country setting. The aim of this reflection research article is twofold; first, it provides context on the important role that health economics and outcomes research (HEOR) plays in informing decision making for market access and reimbursement of new medical technologies. Second, it outlines the power of HEOR studies in guiding discussions when assessing the value of new medical technologies. Overall, this article aims at highlighting key HEOR considerations for healthcare professionals, students, and institutions interested in building analytical capabilities around this exciting and uninterruptedly growing field of knowledge. https://190.97.80.24:443/index.php/magnascientia/article/view/10Burden of illness (BOI)EpidemiologyHealthcare decision-makingHealth economicsOutcomes research
spellingShingle Oscar Herrera Restrepo
The power of health economics and outcomes research (HEOR) in making decisions that matter
Magna Scientia UCEVA
Burden of illness (BOI)
Epidemiology
Healthcare decision-making
Health economics
Outcomes research
title The power of health economics and outcomes research (HEOR) in making decisions that matter
title_full The power of health economics and outcomes research (HEOR) in making decisions that matter
title_fullStr The power of health economics and outcomes research (HEOR) in making decisions that matter
title_full_unstemmed The power of health economics and outcomes research (HEOR) in making decisions that matter
title_short The power of health economics and outcomes research (HEOR) in making decisions that matter
title_sort power of health economics and outcomes research heor in making decisions that matter
topic Burden of illness (BOI)
Epidemiology
Healthcare decision-making
Health economics
Outcomes research
url https://190.97.80.24:443/index.php/magnascientia/article/view/10
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