Although the QALY (quality-adjusted life year) has been a useful metric over the past few decades, it is not without limitations. The QALY may fail to capture several elements that are important in assessments. To overcome these shortcomings, ISPOR is emphasizing frameworks that capture other useful metrics for evaluating health technologies and interventions. Dr Surachat Ngorsuraches, Department of Health Outcomes Research and Policy, Auburn University, considered the QALY from a global perspective, questioning whether there is enough capacity and resources to capture elements beyond QALYs: “There is a lot of research currently. Will it make new technologies more expensive?” he asked. Read more here.
(Source: Cate Bailey, PhD, MApSci, BA, Value and Outcomes Spotlight, September 14, 2020)