Safety and effectiveness are no longer the only standards to measure product potential. Third-party payers and governmental agencies in the US, Europe, and Asia also want to know the impact of new technologies on budgets and patient outcomes outside of the clinical trials. Quorum’s health economics and outcomes group supplements your R&D activities by designing, operating, and publishing studies to demonstrate benefits that are of the greatest interest to stakeholders. We have conducted numerous burden of illness, pharmacoeconomic, and cost-effectiveness analyses, and have published our results in top-tier peer-reviewed journals.

Quorum’s health economics and outcomes work is integrated with our other service offerings. Studies must be designed with intelligence about current treatment patterns and costs to the payer. Our analyses evaluate the appropriateness of product price points and support market acceptance. And our studies establish or expand payer coverage and reimbursement.

To perform health economics and outcomes studies, Quorum offers the following services:

  • Developing clinical, health economics, and outcomes strategies. You need to know the types of health economics studies that payers want to ensure reimbursement. You need to understand how requirements might differ based on clinical indications and product positioning. Quorum works with internal management and key opinion leaders to formulate clinical, health economics, and outcomes strategies in early stages of development to support the entire product life cycle.
  • Designing studies. You need to evaluate feasibility of a health economics or quality-of-life study during preliminary clinical evaluations. You need to incorporate a piggyback cost-effectiveness study into the design of your pivotal trials. Quorum writes protocols and analytic plans for prospective or retrospective studies. We evaluate the pros and cons of alternative study designs and allow our clients to select cost-effective solutions.
  • Collecting and analyzing data. You need to gather billing, resource utilization and patient-reported outcomes data. You need someone with health economics expertise to complement your clinical CRO. Quorum designs CRFs, reviews patient consent forms, secures IRB approval, and monitors data collection from sites and patients. We QA/QC the data and provide interim and final results on schedule.
  • Publishing studies in peer-review journals. You need to quantify the value of your product in addition to data from your clinical trial. You need to publish health economics and outcomes data in peer-reviewed publications. Quorum works with key opinion leaders and study investigators to analyze the data, align findings with key product messages, and develop abstracts and manuscripts that withstand rigorous peer review.