A Practical Application of Value of Information and Prospective Payback of Research to Prioritize Evaluative Research

Conclusions. VOI and PPoR results agreed in direction, suggesting that the proposed trials would be cost-effective investments. However, results differed in magnitude, largely due to the way each method conceptualizes the possible outcomes of further research and the implementation of research results in practice. Compared with VOI, PPoR is less complex but requires more assumptions. Although the approaches are not free from limitations, they can provide useful input for research funding decisions.
Source: Medical Decision Making - Category: Health Management Authors: Tags: Original Articles Source Type: research