The nurse is a primary care provider who is interested in focusing on pharmacoeconomics in his approach to patient care. Which statement describes pharmacoeconomics?
a. Pharmacoeconomics describes and analyzes the costs of drug therapy to health care systems and society; it is concerned with resource allocation and increased efficiency and profitability.
b. Pharmacoeconomics determines the degree of drug effectiveness, which is done before seeking Food and Drug Administration (FDA) drug approval.
c. Pharmacoeconomics provides direction in choosing the least expensive type of drug that will be effective.
d. Pharmacoeconomics studies the trends in use of pharmaceutical products from a consumer perspective.
ANS: A
By definition, pharmacoeconomics is the description and analysis of the costs of drug therapy to health care systems and society. Pharmacoeconomic analyses encompass two related but separate philosophiesâ€"resource allocation and increased efficiency and profitability. The first is primarily concerned with allocating health care resources between a variety of treatment choices. The sec-ond is concerned with increased efficiency of care.
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