AN OVERVIEW OF PHARMACOECONOMICS AND OUTCOMES RESEARCH

Application of economic evaluations to the pharmaceuticals is termed as Pharmacoeconomics. There is a prolonged significance in the assessment of economic efficiency of health care programmes which is accomplished through economic evaluation where the costs, benefits and consequences of alternative new drugs, therapies and treatments are compared and contrasted. Various fundamental forms of evaluations such as COL, CBA, CMA, CEA etc are widely used and thereby estimates whether the enhanced significance in economic analysis is promising to the patients, clinicians and the society. Outcomes research deals with the identification, measurement and evaluation of the result of health care researches in general.