Exam attempt 2 Flashcards
1
Q
What do Phase II trials test for?
A
Efficacy
2
Q
What is effectiveness in PEC?
A
Does medication work in people it was designed to treat
3
Q
What is efficiency in PEC?
A
Properly allocating resources, lowest cost/unit of output
4
Q
What is ECHO?
A
Economic (money), clinical (BP) and humanistic (QoL) outcomes
5
Q
How do we calculate value?
A
Benefits/costs
6
Q
What is PEC?
A
Tool to identify, measure, and compare costs and outcomes of use of pharmaceutical products and services
7
Q
What is cost effectiveness?
A
Added value
8
Q
What is budget impact?
A
Cost
