Budget Impact Analysis I: A 6-Step Approach

29 October 2020 - 30 October 2020

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Budget Impact Analysis I: A 6-Step Approach

LEVEL - Intermediate
TRACK - Economic Evaluation

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9:00AM KST – 2:00PM KST *(Korea Standard Time) (1-hour break from 11:00 KST – 12:00PM KST)
Course Start Times per Time Zone:
9:00AM KST (Friday, 30 October)
8:00PM EDT (Thursday, October 29)
5:00PM PDT (Thursday, October 29)
1:00AM BST (Friday, 30 October)

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This course will describe the methods used to estimate the budget impact of a new healthcare technology and will present 6 basic steps for estimating budget impact: (1) estimating the target population; (2) selecting a time horizon; (3) identifying current and projected treatment mix; (4) estimating current and future drug costs; (5) estimating change in disease-related costs; and (6) estimating and presenting changes in annual budget impact and health outcomes. Both static and dynamic methods for estimating the budget and health impact of adding a new drug to a health plan formulary will be presented. These six steps will be illustrated using actual budget impact models. This course is designed for those with some experience with pharmacoeconomic analysis.


C. Daniel Mullins, PhD
Pharmaceutical Health Services Research
University of Maryland School of Pharmacy
Baltimore, MD, USA

Jianwei Xuan MD, PhD
Professor and Director
Health Economic Research Institute
Sun Yat-sen University, Guangzhou, China

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