No. Existing value frameworks are important first steps toward synthesizing the many determinants of value, but the reality is that we do not have the scientific methods or necessary data to capture the complexity of value in the real world. Patients are diverse, in terms of both clinical factors and their personal priorities and hopes. Value means something different to different decision-makers – what is important to Medicare, for example, is very different from what defines value to a large employer. Value assessment should be flexible and localized to reflect the contexts of individual decision makers.

IVI is working to move the field forward so that decision makers can get the most relevant, credible, and transparent information on value for their particular needs.