Mullins CD, Earnshaw SR, Brodtkorb T-H. Budget impact analysis I - A 6-step approach. Presented at the 2020 ISPOR Virtual Conference; June 18, 2020.

This course will describe the methods used to estimate the budget impact of a new health care technology, and will present six 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.

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