What does HEOR stand for?

HEOR stands for Health Economics Outcomes Research. This term is widely used in the fields of health care and pharmaceuticals to encompass the evaluation of the economic value of health care interventions and the outcomes associated with them. Health Economics Outcomes Research focuses on the cost-effectiveness, quality of life, and overall impact of health care interventions on patient outcomes and health systems.

The importance of HEOR lies in its ability to inform decision-makers, including healthcare providers, payers, and policymakers, about the value of treatments and therapies, thus influencing funding, insurance coverage, and clinical practice. By analyzing both clinical outcomes and economic considerations, HEOR helps in understanding the trade-offs involved in different health care decisions, leading to more informed and efficient use of resources in the healthcare system.

Alternative definitions in the other options do not capture the specific focus and established meaning of HEOR within the health economics context.