1 Intro & COI - What is Outcomes Research It is a study...

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What is Outcomes Research? It is a study that attempts to identify, measure and evaluate the end results of health care services.
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Definitions Pharmacoeconomics is the application of economic analysis to the use of pharmaceutical products, services and programs, which frequently focuses on the costs (inputs) and consequences (outcomes) of that use. Outcomes research refers to broader consideration of the measurement of the efficacy or effectiveness of treatment.
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What is Pharmacoeconomics? Pharmacoeconomics is the study of the costs and consequences (benefits/outcomes) of pharmaceutical products and services, and their impacts on the individuals, health systems, and society. It is a type of outcomes research that relates to the use of pharmaceutical products and services.
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Clinical Clinical Efficacy Safety Impact of therapy on “natural history” of the disease Economic Economic Cost Analysis Cost-of-Illness Cost-Minimization Cost-Benefit Cost-Effectiveness Cost-Utility Humanistic Humanistic Health Related Quality of Life Patient Satisfaction Caregiver Impact Patient Preferences Functional Status Health Services Research Health Services Research Policy Research Access Structure of Care The assessment of technology (drugs, devices, etc) The assessment of technology (drugs, devices, etc) Outcomes Research
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Why do we need to study Pharmacoeconomics? increase costs of prescription drugs new classes of drugs, more expensive increase utilization of prescription drugs better disease state management increase number of “baby boomers” new “lifestyle” drugs lack of OTC coverage increase in Rx to OTC switches out-of-pocket expenses for OTC drugs
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3 18 43 55 0 10 20 30 40 50 60 Hospital Physician Nursing Home Drugs % Percentage Out-of-Pocket Payments by Services
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What is the purpose of Pharmacoeconomics?
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