Pharmacoeconomics.
Article
in English
| IMSEAR
| ID: sea-119233
ABSTRACT
Pharmacoeconomics focuses on the costs and benefits of drug therapy and pharmacoeconomic evaluations provide a basis for resource allocation and utilization. It is increasingly becoming important for health policy decision-making. A pharmacoeconomic evaluation may be conducted as an economic assessment incorporated into clinical trials. Such trials should compare the new drug/procedure with an older drug or existing intervention. Four techniques are used for economic evaluation, namely, cost-minimization analysis, cost-effectiveness analysis, cost-utility analysis and cost-benefit analysis. The choice of the evaluation method depends on the nature of outcomes and the context in which the choices need to be made. Pharmacoeconomics is a young science that will improve with application. Its need is undeniable, especially in developing countries.
Full text:
Available
Index:
IMSEAR (South-East Asia)
Main subject:
Humans
/
Clinical Trials as Topic
/
Drug Costs
/
Cost-Benefit Analysis
/
Economics, Pharmaceutical
/
Decision Making
/
Resource Allocation
/
Health Policy
/
Health Services Research
Type of study:
Health economic evaluation
/
Prognostic study
Language:
English
Year:
2004
Type:
Article
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