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CORDIS

Healthcare- and pharma-economic models in support of the International Consortium for Personalised Medicine

Project description

Economic modelling of personalised medicine

Personalised medicine promises a more efficient and effective way to cure diseases by matching patients and treatment based on the characteristics of the patient. The EU-funded HEcoPerMed project will develop economic models for the evaluation of treatments made possible through innovations. It will identify funding and reimbursement mechanisms that provide financial incentives for the rapid development and uptake of such innovations. The project will provide guidance on high-quality methodological approaches for model-based economic evaluations. In three case studies, it will apply state-of-the-art economic modelling to demonstrate practical and methodological issues in evaluating personalised medicine innovations. Future scenarios will be formulated, considering the trends and drivers as well as the challenges and benefits of personalised medicine.

Objective

HEcoPerMed responds to the demand for economic models that evaluate treatments made possible through innovations in personalised medicine and seeks to identify funding and reimbursement mechanisms that provide financial incentives for the rapid development and uptake of such innovations. HEcoPerMed goes beyond current assessment and payment models in order to serve the requirements of personalised medicine for more compre-hensive cost-effectiveness estimates that incorporate patient and societal perspectives and enhance sustainable affordability of cutting-edge health innovations. HEcoPerMed will provide an overview of and guidance on high-quality methodological approaches for model-based economic evaluations. In three case studies, HEcoPerMedwill apply state-of-the art economic modelling to demonstrate practical and methodological issues in evaluating personalised medicine innovations. The project team will also study existing shortcomings in stimulating the adoption of personalised medicine and pro-pose financial agreements that accelerate its diffusion in European health systems. HEcoPerMed will construct future scenarios, considering the trends and drivers as well as challenges and benefits of personalised medicine for the European social model of care and its financial viability. For a better financial integration of personalised medicine and new economic models, the project team will develop appropriate diffusion and communication strategies to be in direct contact with experts and a wide variety of stakeholders, taking their needs into account while offering new solutions for the players within the European health systems. These comprehensive measures will fill a gap identified by the ICPerMed to support their efforts in the promotion of personalised medicine in Europe and beyond. The project will support health care decision makers to manage their budgets while providing the best possible care for patients in the field of personalised medicine.

Call for proposal

H2020-SC1-BHC-2018-2020

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Sub call

H2020-SC1-2018-Single-Stage-RTD

Coordinator

AIT AUSTRIAN INSTITUTE OF TECHNOLOGY GMBH
Net EU contribution
€ 312 500,00
Address
GIEFINGGASSE 4
1210 Wien
Austria

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Region
Ostösterreich Wien Wien
Activity type
Research Organisations
Links
Total cost
€ 312 500,00

Participants (5)