Erin, what role does the Optum Life Sciences team play when it comes to gene therapies for rare disorders, and how did your team contribute to this fireside chat?
Within Optum Life Sciences, the Value-Based Contracting (VBC) and Health Economics and Outcomes Research (HEOR) teams leverage real-world evidence to analyze the cost and quality performance of gene therapies. There are two approved gene therapies in the U.S. today, and based on the pipeline, they’ll be joined by many more over the next several years. Our team provides ongoing information about how the treatments are working in specific populations, and we work with manufacturers to structure and support reimbursement strategies that help alleviate payer concerns over the rising cost of gene therapy.
This is where value-based contracting can be a tool that helps expand coverage: Since these therapies are so new, payers have limited evidence to lean on when making reimbursement decisions. Because of the high upfront costs of these treatments, it’s completely understandable that health plans and PBMs might be apprehensive about their use. In the worst case, the payers may end up limiting access to a specific drug.
The immediate effect is that the patient is denied a potentially life-altering treatment. The longer-term impact is a vicious cycle of insufficient evidence; without patient access to these treatments, we lose the opportunity to track outcomes and generate the evidence that everyone needs to really evaluate the long-term cost-effectiveness of these therapies.
A value-based contract (VBC) helps manufacturers and payers share the risk, which can open doors to treatments for patients that may otherwise be closed.