ReviewPharmacoEconomics2013
A systematic and critical review of the evolving methods and applications of value of information in academia and practice.
Review in PharmacoEconomics, 2013. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 25 papers, 1 of them a synthesis that pooled it.
What it found
Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.
The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
The trial behind it
Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.
Who cites it
25 citing papers in PubMed, 1 synthesis or guideline pooled it.
- Cost-Effectiveness of Treatments for the Management of Bone Metastases: A Systematic Literature Review.PharmacoEconomics · 2018Pooled it
- Comment on: Economic Evaluation of Gastric Cancer Screening Strategies: A Systematic Review.Journal of gastrointestinal cancer · 2025Article
- Accurate EVSI Estimation for Nonlinear Models Using the Gaussian Approximation Method.Medical decision making : an international journal of the Society for Medical Decision Making · 2024Article
- Value of Information for Clinical Trial Design: The Importance of Considering All Relevant Comparators.PharmacoEconomics · 2024Article
- Economic evaluations in medical technological innovations a mapping review of methodologies.Cost effectiveness and resource allocation : C/E · 2024Review
- A Review of Web-Based Tools for Value-of-Information Analysis.Applied health economics and health policy · 2021Review
- Value of Information Analysis: Are We There Yet?PharmacoEconomics - open · 2021Article
- Optimal cholesterol treatment plans and genetic testing strategies for cardiovascular diseases.Health care management science · 2021Article
- Calculating the Expected Value of Sample Information in Practice: Considerations from 3 Case Studies.Medical decision making : an international journal of the Society for Medical Decision Making · 2020Article
- Influence of Modeling Choices on Value of Information Analysis: An Empirical Analysis from a Real-World Experiment.PharmacoEconomics · 2020Article
- The Curve of Optimal Sample Size (COSS): A Graphical Representation of the Optimal Sample Size from a Value of Information Analysis.PharmacoEconomics · 2019Article
- Evidence-based sizing of non-inferiority trials using decision models.BMC medical research methodology · 2019Article
- A Gaussian Approximation Approach for Value of Information Analysis.Medical decision making : an international journal of the Society for Medical Decision Making · 2018Article
- Research Costs Investigated: A Study Into the Budgets of Dutch Publicly Funded Drug-Related Research.PharmacoEconomics · 2018Article
- Care coordination in a business-to-business and a business-to-consumer model for telemonitoring patients with chronic diseases.International journal of care coordination · 2017Article
- Estimating the expected value of partial perfect information in health economic evaluations using integrated nested Laplace approximation.Statistics in medicine · 2016Article
- Health Departments' Engagement in Emergency Preparedness Activities: The Influence of Health Informatics Capacity.International journal of health policy and management · 2016Article
- Development and Evaluation of an Approach to Using Value of Information Analyses for Real-Time Prioritization Decisions Within SWOG, a Large Cancer Clinical Trials Cooperative Group.Medical decision making : an international journal of the Society for Medical Decision Making · 2016Article
- Use of Value of Information in Healthcare Decision Making: Exploring Multiple Perspectives.PharmacoEconomics · 2016Article
- Innovations that reach the patient: early health technology assessment and improving the chances of coverage and implementation.Ecancermedicalscience · 2016Article
Corrections and comments
PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.
Authors and funding
4 authors.
Funding
No grant is acknowledged in the PubMed record.
Abstract
objectiveThis article provides a systematic and critical review of the evolving methods and applications of value of information (VOI) in academia and practice and discusses where future research needs to be directed.
methodsPublished VOI studies were identified by conducting a computerized search on Scopus and ISI Web of Science from 1980 until December 2011 using pre-specified search terms. Only full-text papers that outlined and discussed VOI methods for medical decision making, and studies that applied VOI and explicitly discussed the results with a view to informing healthcare decision makers, were included. The included papers were divided into methodological and applied papers, based on the aim of the study.
resultsA total of 118 papers were included of which 50 % (n = 59) are methodological. A rapidly accumulating literature base on VOI from 1999 onwards for methodological papers and from 2005 onwards for applied papers is observed. Expected value of sample information (EVSI) is the preferred method of VOI to inform decision making regarding specific future studies, but real-life applications of EVSI remain scarce. Methodological challenges to VOI are numerous and include the high computational demands, dealing with non-linear models and interdependency between parameters, estimations of effective time horizons and patient populations, and structural uncertainties.
conclusionVOI analysis receives increasing attention in both the methodological and the applied literature bases, but challenges to applying VOI in real-life decision making remain. For many technical and methodological challenges to VOI analytic solutions have been proposed in the literature, including leaner methods for VOI. Further research should also focus on the needs of decision makers regarding VOI.
Indexed as
Identifiers
23329591What OpenQuestion holds
Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.