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Question : How has Big Data changed pharmacoeconomics? Instructions - " PDFs attached for reference, these need to be used" · You will be graded on how you support the position that is taken. · You...

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Question: How has Big Data changed pharmacoeconomics?


Instructions - " PDFs attached for reference, these need to be used"

· You will be graded on how you support the position that is taken.

· You will be required to research the topic provided in order to provide evidence.

· Your response is limited to a single page and responses longer than a page will not be accepted.

o Single spaced

o Arial font

o 12 pt font size

o One (1) inch margin

· The referenced material is to be listed on a second page.

a-basic-course-in-pharmaceutical-economics-gyhez4ys.pdf how-cost-effectiveness-analysis-helps-in-health-care-decision-making-x3k35acx.pdf achieving-value-the-role-of-pharmacoeconomics-pbmy5iuf.pdf big-data-and-health-economics-t2m1etml.pdf
Answered 1 days After Nov 02, 2021

Solution

Insha answered on Nov 04 2021
126 Votes
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How has Big Data changed pharmacoeconomics?
Health expenditures in the Organization for Economic Cooperation and Development (OECD) countries have risen to an average of 9.5 percent of GDP, suggesting an annual growth rate of 4.1 percent. Pharmaceuticals and other durable medical items account for over 17 percent of total health expenditures, with professional services and hospital care accounting for the vast bulk of healthcare costs (Bootman & Skrepnek, 2012). Pharmacoeconomics as a subject provides a thorough analytic framework for assessing the relative worth of
eakthroughs to society. It aims to evaluate the prices and resources used on healthcare technology in relation to the clinical outcomes obtained. This issue of PharmaceuticalsPolicy and Law covers a wide range of subjects related to the question of value in medicines and its application to patient care.
A lot of these issues aren't straightforward to solve. Two techniques, one scientific and one marketing-based, might help a great lot in dealing with them. The detailed analysis of the costs of medical therapy to healthcare system and society is known as pharmacoeconomics (Bootman & Skrepnek, 2012). Pharmaceutical pharmacoeconomic research finds, assesses, and compares the costs (i.e., resources spent) and outcomes of pharmaceutical products and services. This course...
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