This module will provide an understanding of a number of key concepts and theories for value assessment in health, including an appreciation of value-based...

Value Assessment and Decision Making (GBSH0015)

This module will provide an understanding of a number of key concepts and theories for value assessment in health, including an appreciation of value-based health care and value-based payments.  You will also learn about decision science and decision-making behaviour, including tools and methods to inform decisions.  Lastly, you will learn about the need for sustainable health financing and funding mechanisms.

Module Content:

1.    Introduction to current issues facing commissioners and decision makers (agency relationship, constrained budgets, budget silos, evidence and experts)

2.    What is value? (clinical value, economic value, value measurement)

3.     Value based health care (history, concepts, adoption globally, challenges)

4.    Value based payment (value-based pricing and reimbursement models, outcome-based payments, pricing innovations to get market access)

5.    Decision science (how are choices made, evidence base, individual based decisions, population based decisions, understanding behaviour and behavioural change)

6.    Decision analysis for health innovations (different modelling approaches, use of RWE, modelling uncertainty)

7.    Decision tools in healthcare (history of decision support tools, evidence needed, uptake, stakeholder views of shared decision making)

8.    Sustainable healthcare (three pillars of sustainability: social, economic and environmental, measurement and evaluation)

9.    Sustainable healthcare financing (how much to spend, what level of coverage, how to deliver value)

10.    Future healthcare system challenges (RWE, funding/budgets, ageing, digital/AI innovations)

This module is assessed by a compulsory three-hour written exam. It covers a range of topics in English linguistics, and in the exam you will be required to...