Open AccessRole of Instruments in Pharmacoeconomics Perspective-An Overview
Author(s) -
Subba Rao Bayya
Publication year - 2020
Publication title -
international journal of drug regulatory affairs
Language(s) - English
Resource type - Journals
eISSN - 2321-7162
pISSN - 2321-6794
DOI - 10.22270/ijdra.v8i4.426
Subject(s) - pharmacoeconomics , perspective (graphical) , scaling , feeling , scale (ratio) , risk analysis (engineering) , management science , health care , computer science , work (physics) , intensive care medicine , medicine , psychology , economics , mathematics , artificial intelligence , engineering , social psychology , physics , geometry , quantum mechanics , economic growth , mechanical engineering
In health care usually physical scaling is helping in understanding the cure of a disease. In abstract scaling, one has to give his or her own feelings that does not have a fixed scale to compare with, but defined, evaluated and used. Documenting abstract scaling along with physical scaling is gaining its importance to assess a desired outcome achieved or not, which is usually not recorded. In certain circumstances, choice of treatment, therapy is up to the patient. Mathematical equations were established as cost, benefit, utility, effectiveness etc. Policies relating to health care are to increase lifespan of the individual so that losses in productivity or work are minimized. Holistically, in pharmacoeconomics, it is necessary to compile costs and benefits to come to scientific conclusions in selecting a treatment among the choices available and for reimbursements. The current review article illustrates the various approaches, mathematical models and need of abstract scaling for economical effective therapies.