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Economic outcomes and contemporary pharmacy practice

C E Reeder1

  • 1College of Pharmacy, University of South Carolina, Columbia.

American Pharmacy
|December 1, 1993
PubMed
Summary

Pharmacists require pharmacoeconomic evaluation skills to ensure high-quality, affordable healthcare. Understanding costs and outcomes is crucial for pharmacists to contribute to healthcare efficiency and balanced treatment decisions.

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Area of Science:

  • Health Economics
  • Pharmaceutical Policy

Background:

  • Healthcare reform necessitates system reorganization, increasing competition among providers and payers.
  • Pharmacists are essential for delivering high-quality, affordable, and accessible patient care.

Purpose of the Study:

  • To highlight the importance of pharmacoeconomic evaluation for pharmacists.
  • To explore the societal value of pharmaceuticals and pharmacists by analyzing costs and outcomes.

Main Methods:

  • Pharmacoeconomic evaluation, including cost-benefit, cost-effectiveness, cost-minimization, and cost-utility analyses.
  • Assessment of direct, indirect, and intangible costs associated with pharmaceutical products and services.

Main Results:

  • Pharmacoeconomic studies provide valuable data on the costs and consequences of pharmaceutical products and services.
  • Pharmacists can significantly contribute to the economic efficiency of the healthcare system.

Conclusions:

  • Pharmacists must embrace pharmacoeconomic evaluation to effectively participate in healthcare reform.
  • Integrating economic, clinical, and humanistic factors in treatment decisions is vital for optimal patient care and system efficiency.

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