ISPOR recently released its 2022 Consolidated Health Economic Evaluation Reporting Standards (CHEERS 2022), the first update for health economic modeling reporting methods since 2013. The report includes a 28-item checklist that economic modelers can use in designing studies, and now includes more direction on the intention behind the different standards. Notably, the CHEERS report adds four new items to its checklist, including:

  • Health economics analysis plan availability and reporting,
  • Characterizing distributional effects,
  • Approach to engagement with patients and others affected by the study, and
  • Effect of engagement with patients and others affected by the study.

The Innovation and Value Initiative (IVI) applauds this effort and we are especially pleased to see several of IVI’s principles reflected in these new standards. Over the next few weeks, we will explore in the Value Source Blog how IVI’s mission and work embodies the new CHEERS standards – looking at both historic actions to redefine patient engagement strategies and modeling approaches, as well as highlighting our current work on the Open-Source Value Project (OSVP) model on major depressive disorder as a “real-time” case study.

As a change agent in the HEOR space, IVI seeks to create and test tools and methods that benefit practitioners of value assessment. But our higher calling is to improve decision-making by those that use value assessments to guide their thinking about healthcare delivery, benefit design, and payment. IVI was formed to put patient perspectives, data, experience, and leadership in the pilot seat for defining and measuring value. The CHEERS report is welcome evidence that others in the field prioritize the same imperative.

Author: Jennifer Bright, MPA, Executive Director, Innovation and Value Initiative