What is HEOR?

What is HEOR?

HEOR stands for Health Economics and Outcomes Research. It is a multidisciplinary field of research that evaluates the economic, clinical, and humanistic outcomes associated with healthcare interventions. HEOR provides evidence-based information to inform healthcare decision-making, policy development, and resource allocation.

Health Economics

Health Economics focuses on the economic aspects of healthcare, including the cost, financing, and value of healthcare interventions. It involves studying the costs and benefits of healthcare interventions, evaluating cost-effectiveness and cost-benefit ratios, and assessing the impact of healthcare policies on economic outcomes.

Outcomes Research

Outcomes research, on the other hand, examines the clinical and humanistic outcomes of healthcare interventions. Clinical outcomes include measures of patient health such as disease progression, symptom relief, survival rates, and quality of life. Humanistic outcomes consider patient preferences, satisfaction, and the impact of interventions on patients’ overall well-being and daily functioning.

HEOR encompasses a wide range of research methodologies, including economic modeling, cost-effectiveness analysis, budget impact analysis, patient-reported outcomes assessment, comparative effectiveness research, and real-world evidence studies. It draws upon data from clinical trials, lab test results, observational studies, health surveys, administrative databases, medical claims, and other sources to generate insights into the value and impact of healthcare interventions.

The findings of HEOR studies are used by various stakeholders in the healthcare ecosystem, including healthcare providers, payers, policymakers, pharmaceutical companies, and patients. These findings help inform decisions related to treatment choices, pricing and reimbursement strategies, health policy development, formulary decisions, and resource allocation.

In summary, Health Economics and Outcomes Research (HEOR) is a field that combines economic analysis and outcomes research to assess the value and impact of healthcare interventions, with the goal of informing decision-making and improving healthcare outcomes.