Pharmacoeconomics is a branch of economics that studies the cost-effectiveness of pharmaceutical products and services. It is used to assess the value of a drug or medical intervention in terms of its impact on patient outcomes, healthcare costs, and quality of life. Pharmacoeconomics is used to inform decisions about which drugs and treatments should be used in clinical practice, and to assess the cost-effectiveness of different healthcare interventions.
Pharmacoeconomics is a growing field, with many companies offering services to help healthcare providers and payers make informed decisions about drug and treatment selection. Companies in this market include Express Scripts, OptumRx, CVS Health, and Prime Therapeutics. These companies provide services such as cost-effectiveness analysis, drug utilization review, and formulary management. They also offer consulting services to help healthcare providers and payers make informed decisions about drug and treatment selection. Show Less Read more