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THE INSTITUTE@PRECISION ASIA-PACIFIC SERIES​

The Role of Societal Value in Supporting Access

When you only measure the patient, you miss the point. One of the most powerful ways to prove a therapy’s value to payers and policymakers is to prove its value to society. Societal value analyses help quantify benefits that extend beyond the healthcare system.
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In this whitepaper, you’ll learn:

  • Why societal value analyses are attracting increased attention from payers and policymakers

  • How broader benefits to patients, caregivers and society can complement traditional value assessments

  • Why societal value may be particularly relevant in aging Asia-Pacific markets

  • How societal value analyses can strengthen access discussions and pricing conversations



Authors: Jacki Chou, Marlon Graf, Ross Maclean
LOOKING BEYOND CLINICAL VALUE

A Broader View of Innovation

Some treatments extend life. Others extend independence, productivity and quality of life. Clinical outcomes, cost-effectiveness and budget impact remain foundational to access decision-making. Societal value analyses help provide a more complete picture of value by capturing impacts that may otherwise be overlooked.
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Beyond the Patient

Caregivers, families, workplaces and healthcare systems all share in the benefits of better health. Societal value analyses help capture value that extends far beyond the individual receiving treatment.
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Beyond Price

Budget impact and cost-effectiveness remain critical considerations. But they may not convey the full value innovative therapies create across healthcare systems, workplaces and communities.
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Beyond the Clinic

For decision-makers weighing limited resources, understanding the societal impact of a therapy can provide context that clinical and economic measures alone may miss.

FAQs

Why are societal value analyses attracting increased attention?

Healthcare systems across Asia-Pacific face growing pressure to allocate limited resources while managing aging populations and increasing demand for care. Societal value analyses help illuminate impacts that may not be captured through clinical outcomes, cost-effectiveness and budget impact assessments alone.

What does societal value include?

Depending on the therapy and disease area, societal value may include impacts on caregivers, productivity, workforce participation, quality of life and other outcomes that affect patients, families and communities. These factors can help provide a more complete view of value than traditional access assessments alone.

How does societal value differ from traditional value assessments?

Traditional access frameworks typically focus on clinical outcomes, budget impact and cost-effectiveness. Societal value analyses complement these approaches by examining the wider benefits healthcare innovation can create beyond direct healthcare costs and outcomes.

How can societal value strengthen payer and policymaker discussions?

By helping quantify broader benefits, societal value analyses can support more informed discussions about healthcare innovation’s full impact. They can also help decision-makers evaluate value from a wider range of perspectives.

Explore how societal value analyses can help strengthen access discussions across Asia-Pacific

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