Pharmaceutical Outcomes & Policy

Pharmacoeconomics utilizes a combination of scientific and economic methods to evaluate and compare the value of one drug or therapy to another. This combination of health economics provides grounded data to assist in optimal allocation of healthcare resources.

Managed care implies a defined structure and process of designing and delivering covered healthcare benefits that include risk-sharing, price and utilization controls, and quality assurance. Managed care pharmacy believes in improving the quality and accessibility of healthcare.

The Institutes of Medicine defines patient safety as the prevention of harm to patients. In the context of pharmaceutical outcomes and policy patient safety is the prevention of harm to patients in the context of medication safety, including drug policy and regulation.

The ultimate goal of healthcare regulation is to ensure healthcare quality, especially in pharmaceuticals. Accomplishing this task requires balancing competing needs, such as cost and access for patients.