What Does Value Mean?

What is Value?

Over the past month, I’ve discussed value and the cost of innovation in a three-part series on the PACE blog. Here’s a recap, in case you missed it:

Part 1: The Patient Perspective
People with cancer measure their treatment progress differently. Each patient has an opinion about what matters most, whether it's extra time with family or a simpler treatment regimen. Discussing patient-centered perspectives can help doctors find more patient-centered solutions.

Part 2: Patient Reported Outcomes
Patient-reported outcomes include details of a person's symptoms or condition status that they share without clinical interpretation. They are symptoms patients experience such as fatigue, nausea, depression or pain. Including patient-reported outcomes and quality of life information in measurement tools can help empower patients to make decisions about their treatment.

Part 3: Patient Treatment Decisions
How can patient perspectives and patient-reported outcomes apply to potential cancer diagnosis and treatment decisions? How does value fit into patient treatment decisions? How can that information be simplified so that patients can utilize it in their care journey?

For more information about incorporating the patient voice when measuring value, head over to PACE and check out the recent blog posts. And be sure to follow @PACENetwork and @LillyPad to become part of the movement.