Pharmaconomist
Pharmaconomist
A Pharmaconomist (pronunciation: /fɑːrməkoʊˈnɒmɪst/) is a professional who specializes in the economic aspects of the pharmaceutical industry. The term is derived from the Greek words "pharmakon" (meaning "drug") and "oikonomia" (meaning "management").
Role
A Pharmaconomist's role involves analyzing and interpreting data related to the cost-effectiveness, production, distribution, and consumption of pharmaceutical products. They also study the impact of government policies, regulations, and market trends on the pharmaceutical industry.
Related Terms
- Pharmaceutical Industry: An industry that discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications.
- Health Economics: A branch of economics concerned with issues related to efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare.
- Pharmacoeconomics: A sub-discipline of health economics that involves the comparison of the value of one pharmaceutical drug or drug therapy to another.
- Economic Evaluation: The comparative analysis of alternative courses of action in terms of both their costs and consequences.
Education and Training
Pharmaconomists typically hold a degree in Economics, Pharmacy, Public Health, or a related field. They may also have additional training in health economics, pharmacoeconomics, or related disciplines.
See Also
External links
- Medical encyclopedia article on Pharmaconomist
- Wikipedia's article - Pharmaconomist
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