Week 1

Question 1

________________“identifies,measures, and compares costs and consequences of pharmacy products and services”

Answer 1

Pharmacoeconomics

Question 2

Disciplines/Areas of Study Related to Pharmacoeconomics
Real World Evidence (RWE)
* Health Economics and Outcomes
Research (HEOR)
* Health Technology Assessment
* Value Assessment
* Comparative Effectiveness Research

Question 3

Pharmacoeconomic Equation

________ → RX →_____________

Outcomes can be mortality, longevity, quality of life, financial, drug regiment, patient compliance, intermediate outcomes (change in blood pressure, LDL, HbA1c)

Answer 3

Costs

Outcomes

Question 4

Types of Pharmacoeconomic Studies
Cost-Minimization
Analysis (CMA)

Cost-Effectiveness
Analysis (CEA)

Cost-Utility
Analysis (CUA)

Cost-Benefit
Analysis (CBA)

Question 5

What type of pharmacoeconomic study is this?

Outcomes = The same

Look at drugs that are
identical to see which
is cheaper (brand or
generic). Outcomes
are the same.

Answer 5

Cost-Minimization Analysis (CMA)

Question 6

What type of pharmacoeconomic study is this?

Outcomes = Natural/clinical units (life years gained, mg/dL blood glucose, mm Hg blood pressure)

How two drugs that have different outcomes and costs differences and addition cost per ER visit (ex)

Answer 6

Cost Effectiveness Analysis (CEA)

Question 7

What type of pharmacoeconomic study is this?

Outcomes = Adjusted by quality/utility (e.g., QALY, DALY)

Outcome always measured in quality of life, similar to CEA

Answer 7

Cost-Utility Analysis (CUA)

Question 8

What type of pharmacoeconomic study is this?

Outcomes related to dollars, looking at just one drug and its cost

Answer 8

Cost-Benefit Analysis (CBA)

Question 9

___________________________
* Lists costs and various outcomes presented but no
calculations or comparisons made

Answer 9

Cost-consequence analysis (CCA)

Question 10

__________________________–
* Estimate of total economic burden (prevention,
treatment, losses in productivity) of a particular
condition or disease on society

Answer 10

Cost-of-illness (COI)

Question 11

Community/Hospital Pharmacy Practice and
Pharmacoeconomics

Implement a new disease
management program

Assess program’s clinical and economic
effectiveness

Question 12

Managed Care Pharmacy and Pharmacoeconomics

Assess the outcomes of a new
therapy

Assess its costs and budget impact

Make formulary and reimbursement
decisions

Question 13

Pharmaceutical Company and Pharmacoeconomics

Conduct cost of illness studies

Conduct pharmacoeconomic studies
to support product reimbursement

Conduct outcomes-based studies to
generate evidence for product impact
on quality of life