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Published on: December 11, 2016
Use of pharmacoeconomics in prescribing research. Part 4: is cost-utility analysis a useful tool?
1Clinical Pharmacology, School of Medical Practice and Population Health, Faculty of Health, University of Newcastle, NSW Australia. ginab@smartchat.net.au
Abstract:
This paper is the fourth in the 'Research Note' series describing various aspects of pharmacoeconomics in prescribing research. This article describes cost-utility analysis, and how it can be incorporated into pharmacoeconomics. While this approach has intuitive appeal, the uncertainties about the methods for estimating utilities mean that the value of cost-utility analysis in prescribing research is still to be established. Importantly, cost-utility analysis may not capture aspects of quality of life that enable meaningful comparisons between prescribing choices at an individual or societal level.
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