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Jonothan C. Tierce, C.Phil., and Elisabeth H. Hazard, Ph.D., formed ValueMedics in 2003. The initial staff was made up of the Health Economics, Outcomes Research, Pricing and Market Access unit of their former firm, Epinomics Research, Inc., also founded by Mr. Tierce and Dr. Hazard in 1997. The company is located just outside of Washington, DC.

ValueMedics provides high quality, science- and market-driven value determination, value demonstration and value communication projects, supported by strong reimbursement, informatics and communications capabilities, to the pharmaceutical, biotechnology and medical device and diagnostics industries. This has characterized the work of Mr. Tierce and Dr. Hazard and the rest of the ValueMedics staff throughout their many years of working in the industry.