PHARMACOECONOMIC ANALYSIS Flashcards
Considered as a branch of health economics which identifies, measures, and
compares the costs and consequences of pharmaceutical products and services.
PHARMACOECONOMICS
It describes the economic relationship which combines the drug research, its
production and distribution, storage, pricing, and further use by the people.
PHARMACOECONOMICS
can be classified as the field of study that evaluates the
behavior or welfare of individuals, firms, and markets for the relevance of
pharmaceutical products, services, and programs.
Pharmacoeconomic
increasingly used to help
decision-makers assess the value of health interventions. This
value assessment promotes the effective and affordable use of
healthcare resources.
Pharmacoeconomic analyses
Importance of Pharmacoeconomic analyses
Guide clinical decision making among pharmacists
on the proper treatment and outcome.