Rapid Assessment of the Need for Evidence: Applying the Principles of Value of Information to Research Prioritisation

David Glynn (), Vijay Gc, Karl Claxton, Chris Littlewood and Claire Rothery
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David Glynn: University of York
Karl Claxton: University of York
Chris Littlewood: Edgehill University
Claire Rothery: University of York

PharmacoEconomics, 2024, vol. 42, issue 9, No 2, 919-928

Abstract: Abstract We propose a short-cut heuristic approach to rapidly estimate value of information (VOI) using information commonly reported in a research funding application to make a case for the need for further evaluative research. We develop a “Rapid VOI” approach, which focuses on uncertainty in the primary outcome of clinical effectiveness and uses this to explore the health consequences of decision uncertainty. We develop a freely accessible online tool, Rapid Assessment of the Need for Evidence (RANE), to allow for the efficient computation of the value of research. As a case study, the method was applied to a proposal for research on shoulder pain rehabilitation. The analysis was included as part of a successful application for research funding to the UK National Institute for Health and Care Research. Our approach enables research funders and applicants to rapidly estimate the value of proposed research. Rapid VOI relies on information that is readily available and reported in research funding applications. Rapid VOI supports research prioritisation and commissioning decisions where there is insufficient time and resources available to develop and validate complex decision-analytic models. The method provides a practical means for implementing VOI in practice, thus providing a starting point for deliberation and contributing to the transparency and accountability of research prioritisation decisions.

Date: 2024
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DOI: 10.1007/s40273-024-01403-w

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