Cookie policy: This site uses cookies (small files stored on your computer) to simplify and improve your experience of this website. Cookies are small text files stored on the device you are using to access this website. For more information please take a look at our terms and conditions. Some parts of the site may not work properly if you choose not to accept cookies.

Join

Subscribe or Register

Existing user? Login

Economics

Micro-costing model used to assess costs of pharmacy service

Micro-costing economic model to be used to assess costs of pharmacy service in order to influence funding decisions

Source: Shutterstock.com

Economic modelling has rarely been used to assess costs of pharmacy services

Economic methods are rarely used in pharmacy research so there is often a lack of evidence about the cost of a service or intervention that can influence funding decisions, according to research in the International Journal of Pharmacy Practice[1].

Researchers applied the economic model of micro-costing — the precise financial assessment of economic costs — to discover the cost of a medication review service in a care home given by a multidisciplinary team. It was the first time this kind of analysis had been tested on a pharmacy intervention, say the researchers.

The model had four stages and was applied to medication reviews at 15 care homes, with 15 homes acting as controls.

The researchers conclude that their micro-costing model can be used successfully in costing a pharmacy intervention. 

Citation: The Pharmaceutical Journal DOI: 10.1211/PJ.2014.20067158

Have your say

For commenting, please login or register as a user and agree to our Community Guidelines. You will be re-directed back to this page where you will have the ability to comment.

Recommended from Pharmaceutical Press

Search an extensive range of the world’s most trusted resources

Powered by MedicinesComplete
  • Print
  • Share
  • Comment
  • Save
  • Print Friendly Version of this pagePrint Get a PDF version of this webpagePDF

Newsletter Sign-up

Want to keep up with the latest news, comment and CPD articles in pharmacy and science? Subscribe to our free alerts.