Literature DB >> 10178648

The effects of acquisition cost and budget-based compensation on the attitudes of pharmacy directors toward the adoption of a cost-effective new drug.

M Kolassa1, M C Smith, B F Banahan, D D Garner, W F Shughart.   

Abstract

To test the effect of differences in acquisition cost and budget-based monetary compensation systems on the intent to support the adoption of a cost-effective new drug, over 350 hospital pharmacy directors were asked to indicate their intentions as to the adoption of a cost-effective new thrombolytic agent, presented at 3 different prices. Although the economic savings for the hypothetical product were constant across all price points tested, respondents exposed to the highest price were more likely to resist the adoption of the new agent than those exposed to lower prices (p < 0.001). Respondents whose compensation was contingent on their control of the drug budget indicated a higher likelihood to resist the adoption of the new agent than did those whose salary was not so determined. These findings indicate that significant hurdles, psychological and organisational, still exist for the acceptance and use of pharmacoeconomic information in the hospital setting.

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Year:  1998        PMID: 10178648     DOI: 10.2165/00019053-199813020-00005

Source DB:  PubMed          Journal:  Pharmacoeconomics        ISSN: 1170-7690            Impact factor:   4.981


  16 in total

1.  Measurement of formulary inclusion costs.

Authors:  C E Myers; P Pierpaoli; M A Smith
Journal:  Hosp Formul       Date:  1981-09

2.  Regulation of pharmaceutical prices: a managed care perspective.

Authors:  R P Navarro
Journal:  Pharmacoeconomics       Date:  1993-03       Impact factor: 4.981

Review 3.  Interpretation of "cost-effective" and soundness of economic evaluations in the pharmacy literature.

Authors:  J T Lee; L A Sanchez
Journal:  Am J Hosp Pharm       Date:  1991-12

4.  Formulary management of biotechnological drugs.

Authors:  E T Herfindal
Journal:  Am J Hosp Pharm       Date:  1989-12

Review 5.  Calculating costs of drug therapy: a review of a decade of literature (1977-1987).

Authors:  C A Simpson; P F Souney
Journal:  Clin Ther       Date:  1988       Impact factor: 3.393

6.  Antibiotic cost savings from formulary restrictions and physician monitoring in a medical-school-affiliated hospital.

Authors:  R S Woodward; G Medoff; M D Smith; J L Gray
Journal:  Am J Med       Date:  1987-11       Impact factor: 4.965

7.  Determining drug dispensing costs for use in cost-accounting systems.

Authors:  T S Thielke; J T Charlson; D Heckethorn
Journal:  Am J Hosp Pharm       Date:  1988-04

8.  The rising cost of pharmaceuticals: understanding and managing the escalating cost of pharmaceuticals in health care institutions. Executive summary.

Authors:  W A Gouveia
Journal:  Am J Hosp Pharm       Date:  1993-08

9.  Effects of Medicaid drug-payment limits on admission to hospitals and nursing homes.

Authors:  S B Soumerai; D Ross-Degnan; J Avorn; T j McLaughlin; I Choodnovskiy
Journal:  N Engl J Med       Date:  1991-10-10       Impact factor: 91.245

10.  Monetary incentive for pharmacists to control drug costs.

Authors:  J D Herrick; S H Manning
Journal:  Am J Hosp Pharm       Date:  1985-07
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  1 in total

1.  Cost effectiveness of ciprofloxacin plus metronidazole versus imipenem-cilastatin in the treatment of intra-abdominal infections.

Authors:  D J Walters; J S Solomkin; J A Paladino
Journal:  Pharmacoeconomics       Date:  1999-11       Impact factor: 4.981

  1 in total

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