Encyclopedia of Evidence in Pharmaceutical Public Health and Health Services Research in Pharmacy

Abstract

Health Economics is concerned with the problem of allocating healthcare resources in case of scarcity and uncertainty. This includes both resource allocation to the healthcare system and to different activities and individuals within the healthcare system. As such, this entry sheds light on Health Economics as a tool to be used by different decision-makers to use limited resources efficiently. Furthermore, this entry discusses the concepts, principles, importance, and applications such as formulary management, cost saving, and Covid-19 pandemic. In addition, the entry explores challenges and future direction of Health Economics.