pharmacoeconomics
-defines measures, compares cost & consequences of pharmaceutical products and services
cost
-resources (inputs) used in producing the good or service
charge
- the price or amount that is charged to the payer
literature, patient monitoring, surveys, retrospective databases, cost-associated with treatment
What information is necessary to calculate Direct-Cost ?
cost-associated with treatment
- the consequence of treating a healthcare condition.
-a negative side effect or terminal illness that can come from the medication therapy i.e. long term statin use & liver failure
Direct Non-medical cost
-the cost associated with the pursuit of treating the disease or ailment.
Indirect cost
-loss in productivity due to morbidity & mortality associated with the disease
morbidity & mortality cost
What is used to measure Indirect cost?
Absenteeism, presenteeism, informal care
What are the 3 types of Morbidity?
a
Which type of Morbidity involves the cost/productivity loss associated with missing work due to illness or disease?
a) absenteeism
b) presenteeism
c) informal care
b
Which type of Morbidity involves a sick individual going to work but their productivity is greatly reduced to illness or disease?
a) absenteeism
b) presenteeism
c) informal care
c
Which type of morbidity is associated with caregiver fatigue and the workload associated with treating a terminally ill family member?
a) absenteeism
b) presenteeism
c) informal care
intangible cost
-costs associated with disease that can't be expressed monetarily.
-pain, suffering, emotional distress
-psychosocial