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A Value-Driven Framework for Evaluating Healthcare Innovations
To measure healthcare innovation success and value, VA created a fit-for-purpose evaluation framework that focuses on four dynamic measures of value access, effectiveness, efficiency, and equity and follows three fundamental principles meaningfulness, appropriateness of scale, and time to value realization.
With this new framework, VA has the opportunity to:
- Prioritize what matters to Veterans and continue to support excellence in value-driven Veteran healthcare
- Design, develop and deploy a portfolio of mission-driven and sustainable healthcare innovations
- Realize the dynamism of innovation value, yielding more significant health outcomes over time from individual and population levels
A healthcare innovation 3 should be assessed by how it drives value across these four measures: Access, Effectiveness, Efficiency, and Equity. Positive outcomes across these foundational, time-agnostic measures help shape the ideal state of healthcare for Veterans. Meaningfulness, Appropriateness of Scale, and Time to Value Realization are fundamental principles that should frame the value-determination of an innovation. These principles operate across the value measures and hold equal importance. However, if an innovation does not demonstrate meaningfulness as a primary step, one should not move forward.
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