English, Article edition: The Effects of Acquisition Cost and Budget-Based Compensation on the Attitudes of Pharmacy Directors Toward the Adoption of a Cost-Effective New Drug Mick Kolassa; Mickey C. Smith; Benjamin F. Banahan III; ...

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Physical Description
  • article
Language
  • English

Edition details

Title
  • The Effects of Acquisition Cost and Budget-Based Compensation on the Attitudes of Pharmacy Directors Toward the Adoption of a Cost-Effective New Drug
Author
  • Mick Kolassa
  • Mickey C. Smith
  • Benjamin F. Banahan III
  • Dewey D. Garner
  • William F. Shughart
Physical Description
  • article
Notes
  • To test the effect of differences in acquisition cost and budget-based monetary compensation systems on the intent to support the adoption of a cost-effective new drug, over 350 hospital pharmacy directors were asked to indicate their intentions as to the adoption of a cost-effective new thrombolytic agent, presented at 3 different prices. Although the economic savings for the hypothetical product were constant across all price points tested, respondents exposed to the highest price were more likely to resist the adoption of the new agent than those exposed to lower prices (p < 0.001). Respondents whose compensation was contingent on their control of the drug budget indicated a higher likelihood to resist the adoption of the new agent than did those whose salary was not so determined. These findings indicate that significant hurdles, psychological and organisational, still exist for the acceptance and use of pharmacoeconomic information in the hospital setting.
  • Pharmacoeconomics, Health-economics, Cost-containment, Cost-analysis
  • RePEc:wkh:phecon:v:13:y:1998:i:2:p:223-230
Language
  • English
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