Skip to main content
Book cover

Practical Strategies to Assess Value in Health Care pp 101–139Cite as

The Value Assessment Framework

  • 57 Accesses

Abstract

The value assessment framework developed in this chapter involves three primary components: (1) define value, (2) determine the relevant costs and benefits as well as the appropriate metrics to compare them, and (3) interpret the results for the intended audience. Each of these components involves more specific activities, such as defining the scope and perspective of the assessment, acquiring data and information on costs and benefits, and performing the calculations specified by the chosen metrics. The framework aspires to be a guide that can help ensure that key components of any value assessment are considered, defined, and addressed. By using a standard framework, hopefully value assessments can be more readily evaluated and compared and healthcare professionals will begin to think more critically about value as it relates to their unique perspective, motivation, and goals.

Keywords

  • Value assessment
  • Value-based care
  • Value metrics
  • Interpretation of value

This is a preview of subscription content, access via your institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • DOI: 10.1007/978-3-030-95149-8_8
  • Chapter length: 39 pages
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
eBook
USD   64.99
Price excludes VAT (USA)
  • ISBN: 978-3-030-95149-8
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Hardcover Book
USD   83.99
Price excludes VAT (USA)
Learn about institutional subscriptions
Fig. 8.1
Fig. 8.2
Fig. 8.3

Notes

  1. 1.

    In general, the benefits listed have potential benefits to third-party healthcare organizations (TPHOs) that seek to sell their solution to payers, providers, and/or patients because of the benefits those entities realize through the use of the TPHO’s solution.

  2. 2.

    I provide a much more comprehensive look at ROI and BCR in the 2020 book, Return on Investment for Healthcare Quality Improvement (Springer), and therefore I do not go into extensive detail here.

  3. 3.

    Depending on the situation, it may be reasonable to assume that both costs and deaths would be standardized to a specific population size, so that they were actually rates per 1000 patient months, or something similar.

Reference

  1. Solid CA (2020) Return on investment for healthcare quality improvement. Springer Nature, Cham

    CrossRef  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Owner and Principal, Solid Research Group, LLC, SAINT PAUL, MN, USA

    Craig A. Solid

Authors
  1. Craig A. Solid
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and Permissions

Copyright information

© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this chapter

Verify currency and authenticity via CrossMark

Cite this chapter

Solid, C.A. (2022). The Value Assessment Framework. In: Practical Strategies to Assess Value in Health Care. Springer, Cham. https://doi.org/10.1007/978-3-030-95149-8_8

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-95149-8_8

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-95148-1

  • Online ISBN: 978-3-030-95149-8

  • eBook Packages: MedicineMedicine (R0)