The Evidence of Value® Model
Strategic Health Resources® has developed a unique interactive analytical tool, called the Evidence of Value® Model, (EVM) to help all stakeholders in the health care industry to better understand the value of medical technology.

The Evidence of Value® Model performs customized calculations of the value of new medical devices, diagnostics, drugs and other therapeutic interventions. The Model links cost and utilization data from large patient care databases to published clinical data specific to new medical devices, diagnostics, drugs and classes of drugs, or a combination of devices and drugs used to treat a specific disease.

COMPARISONS TO CONVENTIONAL "GOLD STANDARDS"

The result is a customized analysis that projects the anticipated economic and clinical outcomes associated with new technologies, comparing them to conventional therapeutic approaches, and identifying the incremental clinical and economic benefits (if any) new technologies are bringing to patients, doctors, hospitals, and health systems.

UNLIMITED SCENARIOS

The EVM's sophisticated interactive capabilities make it possible for users to change the patient mix, reimbursement, cost and clinical assumptions. In this way, the clinical and economic benefits of the technology can be examined within the context of unique patient populations, clinical practices and business situations.

Medical costs are projected to continue to rise, fueled in part by the costs of new technologies and drugs. Entities that understand the value of these new technologies will gain clinically and competitively.