What is pharmacoeconomic analysis?
Pharmacoeconomic research is used to identify, measure, and compare the costs, risks, and benefits of programs, services, or therapies and determine which alternative produces the best health outcome for the resources invested.
Why is pharmacoeconomic evaluation important?
Pharmacoeconomics analysis is important for inclusion in formularies or coverage by the drug insurance companies. It assesses therapeutic advantages and disadvantages of the drug and cost-effectiveness of the drug relative to accepted therapy.
What are the types of pharmacoeconomic analysis?
The four types of pharmacoeconomic methods are cost-minimization analysis, cost-benefit analysis, cost-effectiveness analysis, and cost-utility analysis.
Which three were listed as types of outcomes one can consider for pharmacoeconomic analysis?
Pharmacoeconomic studies categorize costs into four types: direct medical, direct non-medical, indirect, and intangible. There are four ways to measure outcomes: cost-minimization analysis (CMA), cost-benefit analysis (CBA), cost-effectiveness analysis (CEA), and cost-utility analysis (CUA).
Why is pharmacoeconomics so important in today’s healthcare environment?
Applied pharmacoeconomics can help in decision making, in assessing the affordability of medicines to the patients, access to the medicines when needed, and comparing various products for treatment of a disease.
Who coined the term pharmacoeconomics?
pharmacoeconomics was used in a public. forum was in 1986, at a meeting of Pharma- cists in Toronto, Canada, when Ray. Townsend, from the Upjohn Company, used. the term in a presentation.
How can pharmacoeconomics help the public health?
Why has pharmacoeconomics become so important in today’s health care environment?
Pharmacoeconomic evidence can help decision-makers judge whether the therapeutic benefits produced by a new drug are worth the extra costs[1]. In high-income countries pharmacoeconomic analysis is widely used to guide priority-setting decisions for pharmaceuticals[2].
What is the meaning of Pharmacotherapeutics?
: the treatment of disease and especially mental illness with drugs.