Pharmacoeconomics

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Pharmacoeconomics refers to the scientific discipline that compares the value of one pharmaceutical drug or drug therapy to another. It is a sub-discipline of Health economics. A pharmacoeconomic study evaluates the cost (expressed in monetary terms) and effects (expressed in terms of monetary value, efficacy or enhanced quality of life) of a pharmaceutical product. We can distinguish several types of pharmacoeconomic evaluation:cost-minimization analysis, cost-benefit analysis, cost-effectiveness analysis and cost-utility analysis. Pharmacoeconomic studies serve to guide optimal healthcare resource allocation, in a standardized and scientifically grounded manner.

One important consideration in a pharmacoeconomic evaluation is to decide the perspective from which the analysis should be conducted (such as institutional or societal).

A complete compilation of cost-utility analyses in the peer reviewed medical literature is available at the The CEA Registry Website.

[edit] Academic resources

• PharmacoEconomics, ISSN 1170-7690, Adis International
• Value in Health, ISSN: 1524-4733 (internet), 1098-3015 (print), Blackwell Publishing

[edit] See also

• Cost-minimization analysis
• Cost-effectiveness analysis
• Cost-benefit analysis
• Cost-of-illness
• Cost-utility analysis
• Disability-adjusted life year (DALY)
• Global burden of disease
• Global comparative cost of pharmaceutical molecule
• Health utility index
• Health-adjusted life year (HALY)
• Perspective (pharmacoeconomic)
• Quality-adjusted life year (QALY)
• Quality of life

[edit] External links

• Mapi Values - leading provider of Health Technology Assessment and Value Demonstration
• International Society For Pharmacoeconomics and Outcomes Research
• ISPOR-CO, The Colombian Chapter of The International Society for Pharmacoeconomics and Outcomes Research
• HealthEconomics.Com
• Health Economics and Pharmacoeconomics Glossary of Terms - maintained by the University of Groningen, the Netherlands
• Expert Review of Pharmacoeconomics and Outcomes Research - Peer-reviewed journal published by Future Science Group

This page uses content from the English-language version of Wikipedia. The original article was at Pharmacoeconomics. The list of authors can be seen in the page history. As with Psychology Wiki, the text of Wikipedia is available under the GNU Free Documentation License.