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Fundamentals of Managed Care/Student Pharmacist

(SP2) Pharmacoeconomics & Formulary Management Workshop: A Beginner’s Guide to Budget Impact Models

Wednesday, April 2, 2025
2:30 PM – 3:45 PM CST
Location: 310
ACPE UAN:N/A | Contact Hours: N/A | Activity Type: N/A
Please note this session is not accredited for continuing pharmacy education.

Have you ever struggled with creating a budget impact model or wanted to get extra practice? Then join AMCP for this beginner-friendly workshop on budget impact models! This workshop is designed to introduce the fundamentals of pharmacoeconomic evaluations and their role within formulary management, focusing on budget impact models. Participants will use a case study to create a budget impact model to assess the affordability of a high-cost drug. Additionally, this session will highlight best practices, common pitfalls, and strategies for translating economic evaluations into effective formulary decisions.

Learning Objectives:

At the completion of this activity, participants should be able to:
  1. Review the basic concepts of economic evaluation and its role in formulary management
  2. Using a case study, create a budget impact model in assessing the affordability of a high-cost therapy
  3. Identify best practices and common pitfalls in developing and reporting a budget impact model
  4. Discuss appropriate management strategies based on the results of a budget impact model