A healthcare or life science company's Health Economics & Outcome Research department is in charge of producing data that demonstrates the worth of a new medicine or other intervention to all necessary stakeholders.
By establishing and measuring the connection between treatment and real results, health economics and outcome research offers evidence-based recommendations for how to improve care. It adopts a comprehensive perspective of the health outcomes relating to intervention, taking into account not only clinical trial data and clinical outcomes, but also financial considerations and less tangible measures like quality of life and satisfaction.
What use do HEOR data serve?
There are several applications for HEOR data.
HEOR is evolving from a supporting position to a pivotal one in pharmaceutical businesses as value-based care and precision medicine take on more significance
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