A limited healthcare budget means that not all drugs, devices and equipment that can be used to treat a medical condition can be funded. Healthcare providers must make decisions about which treatments they will fund. But because treatments are designed for very different patients and have very different outcomes, it can be difficult to make them happy. To make informed and evidence-based decisions, healthcare providers must understand the impact of introducing a new treatment. This includes the costs of the treatment, the costs of treating any side effects associated with the treatment, and the expected benefits for patients health and quality of life. To quantify this, healthcare providers look to health economics. Health economics can be used to assess the cost-effectiveness of new healthcare interventions. Cost effectiveness assessments examine how much patients benefit from a new intervention given the financial costs and benefits compared to the next best alternative. Because hea
Health economics and health outcomes research is a scientific field that lies at the intersection of economic theory, statistical research, and health care. Today, research in this field is as important as clinical trials of drugs and medical technology. At the same time, unlike laboratory research, it provides data on how certain drugs and techniques work and how effective they are in real-world settings. What is HEOR HEOR brings together two crucial branches of science - health economics and outcomes research. Health economics studies the cost of drugs and health care and the factors affecting pricing and quality of care. The study and analysis of clinical trial results and economic data by experts in this field allows health care resources to be used cost-effectively. Outcomes research is a branch of science that focuses on studying and optimizing the results of various medical procedures. The main task of outcome researchers is to provide data on whether a particular drug or clini