Pharmacoeconomics Flashcards
What is the definition of Pharmacoeconomics?
is the description of analysis of cost of drug and pharmaceutical services and their effects on individulas,healthcare system and society.
What is CMA=Cost minimization Analysis?
is a tool used when comparing multiple drugs of equal efficacy and equal tolerability
What is Cost Effective Analysis (CEA)?
The cost of the drug treatments are weighed against the effectiveness of the drug.
cost-effectiveness is defined as a series of analytical
and mathematical procedure that aid in the selection of a course of action from various alternative approaches
CEA evaluates multiple drug treatments for the same
condition.
What is Cost Utility Analysis (CUA)?
CUA is a type of evaluation in which drugs/interventions with different outcomes can be compared
What is Cost Benefit Analysis (CBA)?
places monitory value on in puts(costs) and outcomes , allowing comparison of projects or interventions.
two treatments for the same disease : but one is more expensive and with more benefits then its worth the extra cost
CBA is the most comprehensive and the most difficult of all economic evaluation techniques
Why is the primary applications of pharmacoeconomics in clinical practice
is to aid clinical and policy decision
making. Through the appropriate application of
pharmacoeconomics, practitioners and administrators can make better, more informed decisions regarding the products and services they provide
