pharmacoeconomics

Pharmacoeconomics is the study of assessing the value of medications and treatments by comparing their costs and outcomes. It helps healthcare providers, patients, and policymakers decide which drugs or therapies provide the best health benefits relative to their expenses. By analyzing factors like effectiveness, side effects, and costs, pharmacoeconomics aims to ensure medical resources are used efficiently, improving patient care while managing limited healthcare budgets. Ultimately, it guides informed decisions to maximize health benefits in a cost-effective manner.