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AMCP Partnership Forum: Driving Value and Outcomes in Oncology
Abstract:
Innovation in cancer treatment has provided a wealth of recently available therapeutic agents and a healthy drug pipeline that promises to change the way we approach this disease and the lives of those affected in the years to come. However, the majority of these new agents, many of which are targeted to specific genomic features of various tumors, may challenge the health care system's ability to afford cancer care. This innovation drives the need to focus on the value of the treatments provided to patients with cancer and on methods to optimize the efficiency of the dollars we spend, in addition to the clinical value itself. The Academy of Managed Care Pharmacy (AMCP) convened a Partnership Forum to address how to improve value and outcomes in cancer care. In this multistakeholder forum, several areas were addressed: current methods for assessing the value of oncology products, the need for balancing population management with precision medicine, and the outlook for value-based contracting for oncology medications in managed care settings. Participants recommended ways in which stakeholders can work toward solutions in these areas. The forum brought together stakeholders from health plans, integrated delivery systems, pharmacy benefit managers, clinical practice, biopharmaceutical industry, and laboratory companies. Also participating were representatives from trade and professional associations. During this 1.5-day forum, participants identified current challenges, readiness, and ways to address value and improve outcomes in cancer therapy. Some of the challenges identified include choosing a viable (and practical) outcome target for value-based contracting in oncology, the development and use of value frameworks and clinical pathways, managing cancer diagnostics, utilization of alternative payment systems, moving from a large evidence base to a small clinical trial base in considering targeted treatments, and lack of best practices in value-based payment arrangements. Addressing these challenges could lead to improving cancer treatment.
Disclosures:
The AMCP Partnership Forum titled "Driving Value and Outcomes in Oncology" and the development of this report were supported by AbbVie, Amgen, Bristol-Myers Squibb, Celgene, Foundation Medicine, IntrinsiQ Specialty Solutions, Janssen Oncology and Johnson and Johnson Health Systems, Eli Lilly and Company, National Pharmaceutical Council, Novartis Pharmaceuticals Corporation, Pharmaceutical Research and Manufacturers of America, Sanofi, Takeda Oncology, and Xcenda.
Insights
New cancer treatments offer hope but challenge affordability. The Academy of Managed Care Pharmacy (AMCP) convened stakeholders to discuss improving value and outcomes in cancer care through better contracting and payment models.
Area of Science:
- Oncology
- Health Economics
- Managed Care Pharmacy
Background:
- Recent cancer treatment innovations, including genomic-targeted therapies, present significant cost challenges to healthcare systems.
- There is a growing need to focus on the clinical and economic value of cancer treatments.
Purpose of the Study:
- To convene a multistakeholder forum to identify challenges and solutions for improving value and outcomes in cancer care.
- To explore current methods for assessing oncology product value and the future of value-based contracting.
Main Methods:
- A Partnership Forum convened by the Academy of Managed Care Pharmacy (AMCP).
- Participants included representatives from health plans, integrated delivery systems, pharmacy benefit managers, clinical practice, biopharmaceutical industry, laboratory companies, and professional associations.
- Discussions focused on assessing oncology product value, balancing population management with precision medicine, and value-based contracting.
Main Results:
- Identified challenges in value-based oncology care, including defining outcome targets, developing value frameworks and clinical pathways, managing diagnostics, and utilizing alternative payment systems.
- Highlighted the need for best practices in value-based payment arrangements for oncology medications.
- Participants recommended strategies for stakeholders to improve value and outcomes in cancer therapy.
Conclusions:
- Addressing identified challenges is crucial for improving the value and outcomes of cancer treatment.
- Collaborative efforts among stakeholders are needed to navigate the complexities of innovative oncology therapies and ensure sustainable, high-value cancer care.
- The forum provided a platform for identifying actionable solutions to enhance the efficiency and effectiveness of cancer treatment spending.
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