Tufts Medical Center this week announced its plans to create a new program this year, one that will focus on “better understanding cost-effectiveness and value in the delivery of health care.”
According to a press release, the new Center for Enhanced Value Assessment (CEVA) will be funded on a three-year, $500,000 grant awarded by the PhRMA Foundation. Center for the Evaluation of Value and Risk in Health Director Peter Neumann will lead the center.
“The need to measure value in health care has never been greater,” Neumann said in a statement. “We are thrilled to receive this award from the PhRMA Foundation and to begin this important work to further advance value metrics.”
CEVA, according to the release, looks to:
- Find value solutions beyond the cost-per-quality-adjusted life year measurement;
- Engage key stakeholders to discover new elements; and
- Offer findings to a host of interested parties.
To read more about CEVA, click here.