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Pharmacoeconomic Evaluations: Guidelines for Drug Purchasers

Journal of Managed Care & Specialty PharmacyPublished 28 May 2020Open access
Paul C. Langley, Sean D. Sullivan
Citations13
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TL;DR

The guidelines are designed to take into account the characteristics of the patient population being treated and the fact that patients generally are redistributed among different treatment categories once a new drug product is introduced, offering MCOs an analysis model that extends beyond the traditional partial cost-outcomes approach.

Abstract

The guidelines provide MCOs with a new systematic approach for identifying the overall cost and clinical outcomes impact of drug therapies. The guidelines are designed to take into account the characteristics of the patient population being treated and the fact that patients generally are redistributed among different treatment categories once a new drug product is introduced, thus offering MCOs an analysis model that extends beyond the traditional partial cost-outcomes approach. Emphasis is placed on looking at the cost-outomes impact of a new drug or therapy within a systems or disease area framework in which the redistribution of patients between therapy options is explicitly modelled. The guidelines specify that the following information elements be used in pharmacoeonomic analysis: product description, place in therapy, comparator products, therapy intervention framework, supporting clinical data, supporting pharmacoeconomic data, system impact assessments-costs-outcomes, overall assessment, and bibliography and supporting materials.

Keywords

MedicineEconomics, Econometrics and Finance