Pharmacoeconomics Flashcards
Definition
Combination of economics, disease, treatments and outcomes as well as considering patients preference and health care system ability/willingness to pay
The different approaches
Cost minimisation analysis
Cost effectiveness analysis
Cost utility analysis
Cost benefit analysis
Cost minimisation analysis
Compares therapies solely based on cost assuming health benefits between them are the same
Cost effectiveness analysis
Comparison based on cost and health benefit using natural units for health benefits i.e. life years saved, patients cured
Cost utility analysis
Weighs effect of morbidity by values individuals attach to health outcomes
Cost benefit analysis
Values health benefit in terms of money
Expressed in terms of willingness to pay for health benefits
