How should the value attributes of novel antibiotics be considered in reimbursement decision making?
Morton, Alec and Colson, Abigail and Leporowski, Axel and Trett, Anna and Bhatti, Taimur and Laxminarayan, Ramanan (2019) How should the value attributes of novel antibiotics be considered in reimbursement decision making? Medical Decision Making Policy & Practice. ISSN 2381-4683 (https://doi.org/10.1177/2381468319892237)
Preview |
Text.
Filename: Morton_etal_MDMPP_2019_How_should_the_value_attributes_of_novel_antibiotics_be_considered.pdf
Final Published Version License: Download (572kB)| Preview |
Abstract
Antibiotics have revolutionised the treatment of bacterial infections. However, it is widely held that there is underinvestment in antibiotics research and development relative to the socially optimal level for a number of reasons. In this paper we discuss whether existing Health Technology Assessment (HTA) procedures recognise the full economic and societal value of new antibiotics to patients and society when making reimbursement decisions. We present three recommendations for modelling the unique attributes of value that are specific to novel antibiotics. We find, based on a review of the literature, that some of the value elements proposed by our framework have previously been discussed qualitatively by HTA bodies when evaluating antibiotics, but are not yet formally captured via modelling. We present a worked example to show how it may be possible to capture these dimensions of value in a more quantitative manner. We conclude by answering the question of the title as follows: the unique attributes of novel antibiotics should be considered in reimbursement decision making, in a way which captures the full range of benefits these important technologies bring to patients, healthcare systems, and society.
ORCID iDs
Morton, Alec ORCID: https://orcid.org/0000-0003-3803-8517, Colson, Abigail ORCID: https://orcid.org/0000-0002-3241-5855, Leporowski, Axel, Trett, Anna, Bhatti, Taimur and Laxminarayan, Ramanan ORCID: https://orcid.org/0000-0001-8530-6954;-
-
Item type: Article ID code: 70530 Dates: DateEvent12 December 2019Published12 December 2019Published Online7 November 2019AcceptedSubjects: Social Sciences > Industries. Land use. Labor > Risk Management Department: Strategic Research Themes > Health and Wellbeing
Strathclyde Business School > Management ScienceDepositing user: Pure Administrator Date deposited: 14 Nov 2019 19:43 Last modified: 21 Nov 2024 01:17 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/70530