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Related Experiment Videos

Developing guidance for budget impact analysis.

P Trueman1, M Drummond, J Hutton

  • 1Johnson & Johnson Medical Ltd, Ascot, Berkshire, UK. ptrueman@medgb.jnj.com

Pharmacoeconomics
|July 18, 2001
PubMed
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Budget impact models are crucial for healthcare affordability, complementing economic evaluations. Current guidance is insufficient, necessitating best practices for transparent and reliable budget impact analysis in healthcare resource allocation.

Area of Science:

  • Health Economics
  • Healthcare Management
  • Resource Allocation

Background:

  • Economic evaluation is vital for healthcare resource allocation efficiency.
  • Affordability is a growing concern for healthcare purchasers, distinct from efficiency.
  • Budget constraints are a primary objective for healthcare purchasers.

Purpose of the Study:

  • To examine the issue of affordability in healthcare resource allocation.
  • To explore the relationship between affordability and efficiency.
  • To advocate for budget impact models (BIMs) to supplement economic evaluations and suggest best practices.

Main Methods:

  • Analysis of the role of economic evaluation and affordability in healthcare purchasing.
  • Examination of existing guidance for budget impact models.

Related Experiment Videos

  • Development of suggestions for best practices in budget impact modeling.

    • Main Results:

    • Economic evaluation alone does not address healthcare affordability concerns.
    • Current guidance for budget impact models is insufficient.
    • Best practices for BIMs should include transparency, data reliability, and clear reporting.

    Conclusions:

    • Budget impact models are essential for addressing healthcare affordability.
    • There is a need for improved and comprehensive guidance on budget impact modeling.
    • Establishing best practices will enhance the utility of BIMs in healthcare decision-making.