Pharmacoeconomics is a field of study that combines pharmacology and economics to evaluate the costs and outcomes of pharmaceutical interventions. It plays a crucial role in informing healthcare decision-making, optimizing resource allocation, and improving patient outcomes. In this article, we will explore the definition of pharmacoeconomics, its history, the needs for pharmacoeconomic evaluations, and its role in formulary management decisions.
PATH: PHARMD/ PHARMD NOTES/ PHARMD FIFTH YEAR NOTES/ PHARMACOEPIDEMIOLOGY AND PHARMACOECONOMICS/ PHARMACOECONOMICS.