HEOR Analysis
What is HEOR Analysis?
Health Economics and Outcomes Research (HEOR) analysis assesses the value of new drugs or other healthcare interventions by examining the relationship between treatments and outcomes. This involves evaluating real clinical outcomes, clinical trial data, quality of life measurements, and financial considerations. Data for HEOR analysis can be sourced from clinical trials, electronic health records, or patient surveys.
HEOR analysis is crucial for informing healthcare coverage decisions, assessing the effectiveness of interventions, and helping medical companies demonstrate the value of their innovations to various stakeholders, including patients, physicians, and payors. The insights from HEOR analysis can influence future research directions and help physicians choose between different treatment options.
How does HEOR analysis improve healthcare?
HEOR analysis provides an evidence-based framework for improving care by linking treatment options with outcomes. In the life science industry, HEOR analysis supports decision-making throughout the product lifecycle, including research and development, pricing, market access, and lifecycle management.
While HEOR analysis itself does not directly induce change, the insights derived from it can lead to advancements in healthcare. These advancements include improved treatment options and medical devices, enhanced patient access and appropriate use, and ultimately, better patient care.