ABSTRACT

Pharmacoeconomics can help to determine the feasibility of a particular method of treatment from all the perspectives including but not limited to the patients, doctors and physicians and insurers. Pharmacoeconomics is a health science that focuses on the determining the economical aspect of a particular drug therapy or treatment. Pharmacoeconomics consists of economic and human health related factors. The techniques used for pharmacoeconomics methods analysis are cost-minimization, cost-benefit ratio, cost-utility ratio, cost-effectiveness ratio. The pharmacoeconomics will not only have a relevant and significant impact on actual patient treatment but also the ongoing field of research and clinical trials and structure and running if pharmacies and various pharmaceutical companies. The execution of the principles of pharmacoeconomics is collective responsibility of all healthcare specialists to obtain safe, effective and affordable medications. Keywords: Pharmacoeconomics, cost-minimization, cost-benefit ratio, cost-utility ratio, cost-effectiveness ratio
Publication date: 01/06/2022

https://ijbpas.com/pdf/2022/June/MS_IJBPAS_2022_6136.pdf

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https://doi.org/10.31032/IJBPAS/2022/11.6.6136