Deloitte January 17, 2019
The growing importance of real world evidence and value-based contracting programs
As the cost of health care continues to rise, life sciences companies are facing mounting pricing pressure and a growing need to continuously demonstrate the value of their products in a real-world population. These market forces are driving more and more life sciences companies to invest in new capabilities with the goal of harnessing the power of real world data (RWD) and changing how value is both demonstrated and rewarded.
Real world evidence (RWE) is evidence generated outside of a controlled clinical trial setting about a product’s usage, potential benefits, and risks. What makes it so valuable is that it is based on the analysis of RWD that is...