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(SP2) Pharmacoeconomics & Formulary Management Student Workshop

Wednesday, October 16, 2024
2:30 PM – 3:45 PM PT
Location: 120
ACPE UAN:N/A | Contact Hours: N/A | Activity Type: N/A
Have you ever struggled with creating a budget impact model or wondered how high-cost medications impact our healthcare system? Pharmacoeconomics plays an important role in decision-making in managed care, from comparing different medications to their impact on PBM and payer budgets.

This session will dive into the principles of pharmacoeconomics and how to integrate pharmacoeconomic principles in the drug evaluation process using real-world case studies. Gain hands-on experience to prepare for the AMCP Foundation P&T Competition and learn more about the impact of pharmacoeconomics on managed care pharmacy.

Learning Objectives:

At the completion of this activity, participants should be able to:
  1. Define the fundamental concepts in pharmacoeconomics, such as cost of illness, cost-minimization, cost-effectiveness and cost-utility analyses.
  2. Discuss the role of budget impact modeling in assessing the affordability of new therapies.
  3. Review the role of pharmacoeconomics in formulary decision-making and benefit design.
  4. Using a real-world example, apply the basics of pharmacoeconomics to a case study.