Pharmacoeconomics

Open access

Abstract

Aim: The aim of this review was to provide an overview of the terminology, technology and methodology of pharmacoeconomic evaluations. The choice is made because there is small number of reviews on this subject in Macedonia, and also because of the subject actuality.

Methods: There are four common types of methods of cost-outcomes economic evaluations: Cost-minimisation analysis, Cost-effectiveness analysis, Cost-utility analysis and Cost-benefit analysis.

Results: There are 4 possible results arising in Cost-effectiveness analysis: the costs are lower and health benefits higher for one drug relative to another, the new drug is more expensive and less effective, the drug is more expensive and more effective and the drug is cheaper but less effective.

Conclusion: Pharmacoeconomic methods are used to assist physicians, hospitals, insurers, patients and healthcare professionals in making proper decisions what drug therapies should be chosen. The goal is to find the most efficient and effective treatment for the lowest cost, optimising the patient outcomes and decreasing costs to society.

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2. Walley T, Chapter 9. Pharmacoeconomics and Economic Evaluation of Drug Therapies. Available at: http://www.iuphar.org/pdf/hum_67.pdf

3. Heyse, J, Cook, JR, Drummond MF. "Pharmacoeconomics", Encyclopedia of Bioharmaceutical Statistics. 2003;1(1):749-763.

4. Ansel CH. Pharmaceutical Calculations 13th Edition, Wolters Kluwer Health, Lipincott Williams & Wilkins, 2010:355-367.

5. Bootman JL, Raymond J. Townsend and William F. McGhan, Principles of Pharmacoeconomics Second Edition, Harvey Whitney Books Company, February, 1996:1-18.

Macedonian Journal of Medical Sciences

The Journal of ID Design 2012/DOOEL Skopje, Republic of Macedonia on behalf of the Macedonian Donor Registry (MKDR), Skopje, Republic of Macedonia

Journal Information


CiteScore 2016: 0.16

SCImago Journal Rank (SJR) 2016: 0.136
Source Normalized Impact per Paper (SNIP) 2016: 0.141

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