Pharmacoeconomic Concepts Overview

Net Profit = gross margin – expenses (salaries, rent, utilities, etc) AWP differential = EAC – AAC          this the profit that the pharmacy makes on the ingredient AWP differential aka Earned discount This doesn’t include a dispensing fee Dispensing Fee = cost of dispensing (overhead aka salaries, rent, etc.) + profit Gross margin = sales … Continue reading

Pharmacoeconomics Overview

Pharmacoeconomics (PE) = Branch of economics that assesses the overall value of pharmaceutical products in treatment & prevention of disease.  Takes into consideration outcomes or consequences of a HC encounter requiring a pharmaceutical agent. Three types of health outcomes measured in pharmacoeconomics   (all of these are done on a comparison basis, i.e. between drugs) Economic-  … Continue reading