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Toward Better Data Dashboards for US Drug Value Assessments | JoVE Visualize

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Toward Better Data Dashboards for US Drug Value Assessments

Peter J Neumann¹

¹Center for the Evaluation of Value and Risk in Health, Tufts Medical Center, Boston, MA, USA.

Value in Health : the Journal of the International Society for Pharmacoeconomics and Outcomes Research|October 1, 2021

View abstract on PubMed

Summary

Data dashboards can display drug value beyond single metrics. These tools present diverse data, including cost-effectiveness and patient outcomes, for better decision-making.

Area of Science:

Health economics
Health services research
Pharmaceutical policy

Background:

US drug value assessment frameworks are evolving.
Existing frameworks often oversimplify drug value into single measures.
There is a need for comprehensive displays of drug value.

Purpose of the Study:

To explore data dashboards for drug value assessment.
To reduce reliance on single-dimension value measures.
To improve the display of drug value information.

Main Methods:

Literature review of US Drug Value Assessment Frameworks.
Discussion of data dashboard applications for value communication.
Analysis of different metrics for drug value.

Main Results:

The incremental cost per quality-adjusted life-year ratio is insufficient alone.
Data dashboards can incorporate multiple value dimensions.
Dashboards should include clinical, patient-centric, budgetary, and distributional outcomes.

Conclusions:

Drug value frameworks necessitate improved information displays.
Data dashboards offer a promising solution for comprehensive value communication.
Further research is needed to test different dashboard formats and elements.

Keywords:

Institute for Clinical and Economic Review

Data Management And Data Science

Recommender Systems

Toward Better Data Dashboards For Us Drug Value Assessments

cost-effectiveness analysis

multicriteria decision analysis

pharmaceuticals

value assessment