The pharmacoeconomics group at Clinical Pharmacy Services balances the needs for fiscal responsibility with the desire for positive outcomes for patients.
Our pharmacists use scientific methods to project the cost benefits of pharmacy products — weighing one drug against another or one pharmaceutical therapy against another. We determine which products and treatments are both clinically and economically sound.
With our Pipeline PredictorRx tool, we create pharmacoeconomic comparisons to help you proactively evaluate the potential impact of pipeline medications. This thorough, objective analysis compares the cost and efficacy of pipeline drugs to the existing standard of care.
Economic evaluation with focus on patient outcomes
One of the few pharmacy benefits managers that also provides pharmacoeconomic services, Clinical Pharmacy Services occupies a unique position within a leading academic health sciences center. We are dedicated to achieving cost savings without sacrificing patient outcomes.
We offer a wide range of pharmacoeconomic services:
- Cost-benefit analysis
- Cost-effectiveness analysis
- Cost-utility analysis
- Cost avoidance
- Cost of illness
- Budget impact models
Our highly educated, experienced pharmacists are well-versed in the most up-to-date clinical treatment guidelines. We have access to additional UMass Medical School resources who provide us with the current information in a full array of health care fields. We also have access to pharmacoeconomic software such as Treeage and SSPS statistical software.