GRACE
Generalized Risk Adjusted Cost-Effectiveness (GRACE)
Valuing Patient Perspective
Schaeffer Scholars have developed a patient-centric cost-effectiveness model that provides a more effective means of calculating the value of care.
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Featured Article
A New Healthcare Valuation Model That Puts Patients First: Generalized Risk Adjusted Cost-Effectiveness (GRACE)
By recognizing that health is worth more to those who have less, GRACE provides a more equitable approach to value assessment and healthcare investments.
Experts: Darius Lakdawalla, Stephanie Hedt, Barry Liden
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Comment Letter
Response to the Draft Report of the Health Economics Methods Advisory (HEMA): “Defining Appropriate Benefits for Economic Evaluation of Health Care Technologies”
Economic valuation in healthcare should align with the needs of individuals. A recent draft report from health technology assessment organizations defends a discriminatory QALY-based approach and overlooks alternatives that account for patient preferences.
Featured Experts: Alice Chen, Jason Doctor, Dana Goldman, Darius Lakdawalla, Barry Liden, Karen Mulligan, Desi Peneva, Charles E. Phelps
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STAT
Equity should be reflected in assessments of treatment value, Lakdawalla says
Featured Experts: Darius Lakdawalla
