PEC715 - Pharmacoeconomics

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Last revision date Feb 12, 2019 2:33:54 PM
Last review date Mar 18, 2019 9:39:06 AM

Subject Title

Subject Description
This subject provides students with an introduction to the use of pharmacoeconomic evaluations in health care. The subject reviews issues and methods of assessing health care technologies and related programs and the key stakeholders who develop, use and interpret the results of these analyses. Techniques used in pharmacoeconomic evaluations are examined. The application of the assessment of health benefits relative to drug costs in the determination of clinical cost-effectiveness is studied to help understand how stakeholders determine the value of new innovative healthcare interventions. Procedures for reporting pharmacoeconomic data and critical appraisal of the pharmacoeconomic literature are also considered.

Credit Status

This is a credit toward the Ontario Graduate Certificate Program in Pharmaceutical Regulatory Affairs and Quality Operations offered through the School of Biological Sciences and Applied Chemistry and the Faculty of Continuing Education and Training.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Explain the reasons that pharmaceuticals are unique consumer products.
3. Define the need for pharmacoeconomic evaluations and applications and users of pharmacoeconomic evaluations.
3. Describe the distinct responsibilities and roles of the provincial and federal governments with regard to
the regulatory and resource allocation decisions for pharmaceuticals.
4. Interpret the basic economic problem associated with pharmaceutical development as one of choice
since resources are scarce and consumer wants are virtually unlimited.
5.  Describe the relevance of pharmacoeconomics to the pharmaceutical industry, third party payers, and to society.
6. Utilize the Canadian pharmacoeconomic guidelines (remove Ontario)
7. Compare the three major economic evaluation techniques for healthcare programs: cost-effectiveness analysis, cost utility analysis, cost minimization analysis/cost benefit analysis
8. Describe how to obtain clinical and humanistic outcomes data
9. List data sources for costing of pharmaceutical products and health care resources.
10. Differentiate between methodologies utilized to estimate quality of life
11. Critique pharmacoeconomic studies.

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