Patient-Perspective Value Framework (PPVF)

Skyrocketing health-care costs have driven the latest wave of health-care transformation, shifting the system from a fee-for-service model to value-based care. This shift has sparked increased efforts to determine how to measure value. For example, 2015 saw a rise in new models for assessing the value of treatments. Most of these value assessment models were created not for patients but for payers, researchers, and policymakers, and thus relied primarily on traditional definitions of value that do not adequately incorporate the patient perspective.

At the 2015 Partnering for Cures conference, Avalere Health and FasterCures held a workshop to discuss value frameworks and the extent to which current value assessment models include the patient perspective. As a result, Avalere and FasterCures launched the Patient-Perspective Value Framework (PPVF) Initiative. The primary goal of the PPVF Initiative is to close a market gap by developing and implementing a methodologically sound framework for conducting patient-centered value assessments. The PPVF has three components: 1) the domains and criteria; 2) the measures, data sources, and methods; and 3) the applications. We have published a summary infographic that serves as a roadmap and executive summary for this methodology document.

We started the PPVF Initiative with the belief that although value can be defined differently by various stakeholders, all value assessments should thoroughly consider and measure what matters most to the individuals who ultimately receive health care: patients.