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10 Modules
What is the primary objective of Health Economic Outcome Research (HEOR)?
To assess the cost-effectiveness of medical interventions
To evaluate the clinical efficacy of new drugs
To analyze patient-reported outcomes
To determine the regulatory approval process
Which of the following methodologies is commonly used in HEOR to evaluate the economic impact of healthcare interventions?
Randomized Controlled Trials (RCTs)
Cost-Utility Analysis (CUA)
Qualitative Interviews
Systematic Reviews
In HEOR, what does the term 'Quality-Adjusted Life Year' (QALY) represent?
A measure of the cost of healthcare services
A measure combining both the quantity and quality of life
A statistical method for analyzing clinical trials
A regulatory requirement for drug approval
Which of the following factors is NOT typically considered in a cost-effectiveness analysis?
Direct medical costs
Indirect costs related to lost productivity
Patient demographics
Quality of life adjustments
What is the significance of 'willingness to pay' (WTP) in HEOR?
It indicates the maximum amount a payer is willing to spend on a treatment
It determines the market price of pharmaceuticals
It reflects patient satisfaction with healthcare services
It is used to calculate the budget impact of a new intervention
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10 Modules