Pharmacoeconomics.

Jaya Ahuja; Madhur Gupta; Ajay Kumar Gupta; Kamlesh Kohli

PubMed · 15141600

Pharmacoeconomics.

Jaya Ahuja·Madhur Gupta·Ajay Kumar Gupta·Kamlesh Kohli

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.

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Clinical Trials as Topic Cost-Benefit Analysis Decision Making Drug Costs Economics, Pharmaceutical Health Policy Health Services Research Humans Resource Allocation Journal Article Review

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Jaya Ahuja, Madhur Gupta, Ajay Kumar Gupta, Kamlesh Kohli. Pharmacoeconomics.. https://pubmed.ncbi.nlm.nih.gov/15141600/

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