Manager, Clinical Drug Evaluation & Policy Blue Cross Blue Shield of Michigan Berkley, MI
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:
Review the basic concepts of economic evaluation and its role in formulary management
Using a case study, create a budget impact model in assessing the affordability of a high-cost therapy
Identify best practices and common pitfalls in developing and reporting a budget impact model
Discuss appropriate management strategies based on the results of a budget impact model
