Newswise — The PhRMA Foundation will again be offering funding for innovative research proposals in the area of Value Assessment in 2020. The Foundation is seeking proposals to identify and address challenges in research conducted to assess the value of medicines and health care services. Letters of Intent are due August 1, 2019.
The Value Assessment Research Awards offer varying levels up to $100,000 in research support for a one-year period beginning January 2020. The level of funding will depend on the scope of proposed activities. Payments are made on a quarterly basis to the institution. A maximum of twenty-percent (20%) of the award may be used for indirect institutional costs.
About the 2020 Research Awards
Value assessment in health care comprises a broad set of methods to synthesize and evaluate the relative benefits and costs of health care interventions. The goal of value assessment is to assist stakeholders, including patients, providers and payers, in making informed decisions to improve health and care efficiency. These assessments are conducted using varied methodological approaches to synthesize data from various sources to guide individual or population-level decisions. For greatest impact, these methods should offer opportunities to incorporate patient characteristics and their preferences to guide treatment decisions.
However, there are a number of limitations of the data sources, methodologies and measures applied in value assessment. For example, there is increased recognition that commonly used measures of health gain fail to capture important elements of value and summary measures do not address heterogeneity in preferences. Additionally, existing data sources do not allow for complete capture of patient-level information or preferred outcomes. The PhRMA Foundation seeks proposals to identify and address challenges in research conducted to assess the value of medicines and health care services. Example topics may include, but are not limited to:
- Measurement and reporting of value elements
- Frameworks for value assessment
- Selection and reporting of study populations
- Collection and measurement of patient-centered outcomes
- Heterogeneity of patient preferences
- Value element aggregation techniques
- Uncertainty in model parameters or structures
- Incorporation of real-world data
- Value from different stakeholder perspectives
- Ethical considerations
- Development of decision tools
Award opportunities are open to all individuals and organizations with training in health economics, outcomes research, clinical sciences or health care evaluation. Eligible applicants should hold an advanced degree in a field of study logically or functionally related to the proposed activities, such as a PhD or equivalent. Interdisciplinary collaboration is highly encouraged.
At least one collaborator must also have a firm commitment from an accredited U.S. university or research organization.
How to Apply
The Research Award application process has two stages:
Phase 1: Candidates should submit letters of intent (LOIs) by using this link: https://www.surveymonkey.com/r/valueassessment2019 no later than August 1, 2019 to initiate the grant application process. LOIs will be reviewed for potential program fit, novelty, importance, rigor and clarity.
Phase 2: Letter of Intent submissions will be informed by August 22, 2019 whether s/he should submit a full application by October 1, 2019. Details of how to submit the application will be explained as well.
Recipients will be announced by December 15, 2019 with funding beginning in early 2020.
Awards will be available of varying levels up to $100,000 for a one-year period beginning January 2020. Level of funding will depend on the scope of proposed activities. Candidates should consult the Foundation for guidance or questions. The PhRMA Foundation will not support evaluation of specific health care interventions.
The full brochure can be accessed via: http://www.phrmafoundation.org/wp-content/uploads/2019/06/PhRMAFoundation_ValueAssessmentRFP_ResearchAward-062519.pdf
For more information, please contact the PhRMA Foundation at 202-572-7756 or firstname.lastname@example.org
About the PhRMA Foundation
For more than 50 years, the PhRMA Foundation has been helping to build a larger pool of highly-trained, top-quality scientists to meet the growing needs of scientific and academic institutions, government, and the research-intensive pharmaceutical industry. To advance this mission, the PhRMA Foundation has awarded more than $90 million in competitive research fellowships and grants since its founding. The Foundation’s emphasis on evidence-based research that determines the true value of medicines is supported by its Value Assessment Initiative. To date, the Foundation has awarded more than $2.8 million to support a variety of research projects to help advance this goal, including the establishment of four national Centers of Excellence in Value Assessment.
To learn more, please visit www.phrmafoundation.org.