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College of Pharmacy

Pharmacoeconomics

Pharmacoeconomics is the description and analysis of the costs of drug therapy to health care systems and society. It identifies, measures and compares the costs and consequences of pharmaceutical products and services.

Our Clinical Pharmacy and Outcomes Sciences faculty engaged in pharmacoeconomics measure outcomes via cost-minimization analysis (CMA), cost-benefit analysis (CBA), cost-effectiveness analysis (CEA) and cost-utility analysis (CUA).

Each type of outcome management is associated with a different type of pharmacoeconomic analysis. Decision makers can use these methods to evaluate and compare the total costs of treatment options and the outcomes associated with these options.

Reference:
Wilson JP, Rascati KL. Pharmacoeconomics. In: Malone PM, Kier KL, Stanovich JE, Malone MJ. eds. Drug Information: A Guide for Pharmacists 5e. New York, NY: McGraw-Hill; 2013.