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Open-Source Rx Value Model Designed To Encourage 'More Productive' Discussions

 
• By Cathy Kelly

Industry-funded Open-Source Value Project aims to disseminate tools to the marketplace for customized value assessments, as opposed to offering a specific estimate of value for pricing and coverage decisions.

Pills and dollars

The Innovation and Value Initiative's open-source tool for measuring the value of prescription drugs could serve as a counterpoint to the assessments conducted by the Institute for Clinical and Economic Review and others.

Known as the Open-Source Value Project, the tool was introduced in the fall with funding from the health consultancy Precision Health Economics, a number of individual drug companies, the Pharmaceutical...

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