This course will describe the methods used to estimate the budget impact of a new health care 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.

This course begins at 10:00AM EDT and has a lunch break from 12:00PM-1:00PM EDT. The course will continue with an afternoon session from 1:00PM-3:00PM EDT.