Posted by Michael Wonder on 27 May 2017
Dr Steve Pearson outlines the importance of thresholds on determining value
23 May 2017 - Thresholds can be useful to focus the conversation around the value of treatments in healthcare even if stakeholders have different views on what thresholds should be, explained Steve Pearson, President of the Institute for Clinical and Economic Review.
Thresholds mean different things to different people. I think the value of a threshold in itself is that it helps focus the conversation. And it does help to, in a sense, put a stake in the sand, to say, 'This is one way of thinking about how much more we should be willing to pay for an added clinical benefit to patients.' You can always let decision makers judge that or themselves.
