The LICQual Level 3 Certificate in Pharmacoeconomics (Cert Pharmacoeconomics) is a specialised qualification designed for professionals seeking to enhance their expertise in the economic evaluation of medicines and healthcare interventions. This course equips learners with a thorough understanding of pharmacoeconomic principles, enabling them to assess the cost-effectiveness, efficiency, and value of pharmaceutical products and healthcare services. It is ideal for individuals aiming to advance their careers, broaden their professional knowledge, and strengthen their Continuing Professional Development (CPD).
Learners will explore key topics such as cost-benefit analysis, health outcomes assessment, economic modelling, and the impact of healthcare policies on pharmaceutical decision-making. The programme combines theoretical knowledge with practical application, allowing learners to interpret data, make informed recommendations, and contribute to resource allocation decisions within healthcare and pharmaceutical organisations.
LICQual emphasises high-quality training delivery. Centres offering this qualification must have competent and qualified staff, along with access to all necessary materials and resources, to provide a structured, supportive, and engaging learning environment. This ensures learners receive the guidance, knowledge, and practical skills required to succeed in their studies and professional roles.
By completing the LICQual Level 3 Certificate in Pharmacoeconomics, learners not only enhance their professional expertise but also position themselves for new opportunities in healthcare management, pharmaceutical consultancy, policy evaluation, and related roles. This qualification is a vital step for committed professionals aiming to excel in the evolving field of pharmacoeconomics and make evidence-based contributions to healthcare decision-making.
Course Overview
Qualification Title
LICQual Level 3 Certificate in Pharmacoeconomics (Cert Pharmacoeconomics)
Total Units
6
Total Credits
60
GLH
240
Qualification #
LICQ2201128
Qualification Specification
To enroll in theLICQual Level 3 Certificate in Pharmacoeconomics (Cert Pharmacoeconomics) , applicants must meet the following criteria:
|
Qualification# |
Unit Title |
Credits |
GLH |
|---|---|---|---|
|
LICQ2201128-1 |
Introduction to Pharmacoeconomics |
10 |
40 |
|
LICQ2201128-2 |
Cost Analysis in Healthcare |
10 |
40 |
|
LICQ2201128-3 |
Economic Evaluation of Medicines |
10 |
40 |
|
LICQ2201128-4 |
Health Outcomes and Quality of Life |
10 |
40 |
|
LICQ2201128-5 |
Decision Modelling and Data Analysis |
10 |
40 |
|
LICQ2201128-6 |
Professional Development and CPD in Pharmacoeconomics |
10 |
40 |
By the end of this course, learners will be able to:
Unit 1: Introduction to Pharmacoeconomics
By the end of this unit, learners will be able to:
- Explain the principles and scope of pharmacoeconomics in healthcare decision-making
- Describe the role of economic evaluation in assessing medicines and healthcare interventions
- Analyse the impact of pharmacoeconomics on healthcare policy and resource allocation
Unit 2: Cost Analysis in Healthcare
By the end of this unit, learners will be able to:
- Identify and classify costs associated with healthcare and pharmaceutical interventions
- Measure and value costs accurately for economic evaluation purposes
- Apply cost analysis methods to real-world healthcare scenarios
Unit 3: Economic Evaluation of Medicines
By the end of this unit, learners will be able to:
- Conduct cost-effectiveness, cost-utility, and cost-benefit analyses
- Compare economic evaluation methods to determine the value of pharmaceutical interventions
- Apply economic evaluation findings to support healthcare decision-making
Unit 4: Health Outcomes and Quality of Life
By the end of this unit, learners will be able to:
- Measure health outcomes and patient-reported outcomes relevant to pharmacoeconomics
- Evaluate quality of life metrics and integrate them into economic evaluations
- Analyse the impact of health outcomes on cost-effectiveness and healthcare resource allocation
Unit 5: Decision Modelling and Data Analysis
By the end of this unit, learners will be able to:
- Develop and interpret decision models for pharmacoeconomic analysis
- Analyse clinical and cost data to support healthcare decisions
- Apply software tools and statistical methods in pharmacoeconomic evaluations
Unit 6: Professional Development and CPD in Pharmacoeconomics
By the end of this unit, learners will be able to:
- Reflect on personal practice and identify areas for professional growth
- Develop a plan for continuous professional development (CPD) in pharmacoeconomics
- Apply ethical principles and professional standards in pharmacoeconomic practice
This course is designed for professionals and learners who wish to enhance their knowledge, skills, and career prospects in the field of pharmacoeconomics. It is particularly suitable for:
- Pharmacists and Pharmacy Technicians aiming to develop expertise in economic evaluation and resource allocation of medicines
- Healthcare Professionals seeking to apply cost-effectiveness and value assessment in clinical and policy decisions
- Healthcare Economists and Analysts who want to strengthen their knowledge of pharmacoeconomic methods and healthcare data analysis
- Learners pursuing Continuing Professional Development (CPD) to improve professional practice and career progression
- Professionals involved in healthcare policy or pharmaceutical consultancy who require skills in economic evaluation and decision modelling
- Learners committed to evidence-based decision-making, improving patient outcomes while optimising resource use
This course is ideal for motivated learners who wish to combine theoretical knowledge with practical application in pharmacoeconomics, preparing them for success in a wide range of healthcare and pharmaceutical roles.
To ensure high-quality delivery and successful learner outcomes, centres offering the LICQual Level 3 Certificate in Pharmacoeconomics (Cert Pharmacoeconomics) must meet the following requirements:
- Qualified and Competent Staff: Centres must have instructors and assessors with relevant qualifications and professional experience in pharmacoeconomics, healthcare economics, or related fields.
- Comprehensive Learning Resources: Centres should provide access to up-to-date textbooks, reference materials, software for data analysis, and digital learning platforms to support effective teaching and learning.
- Safe and Adequate Facilities: Learning environments must be well-equipped, safe, and suitable for classroom instruction, data analysis exercises, and practical applications where applicable.
- Assessment and Monitoring Systems: Centres must implement robust processes to assess learners’ theoretical knowledge, practical skills, and competency in accordance with LICQual standards.
- Access to Practical Learning Opportunities: Learners should have opportunities to apply pharmacoeconomic methods to real-world healthcare data, simulations, or case studies, reinforcing applied learning.
- Commitment to Quality and CPD: Centres must support continuous professional development for staff and maintain ongoing quality assurance processes to ensure learners achieve high-standard outcomes.
Meeting these requirements ensures that learners receive a structured, engaging, and professional learning experience, equipping them with the skills and knowledge needed for career advancement in pharmacoeconomics and healthcare decision-making.
Assessment and Verification
All units within this qualification are subject to internal assessment by the approved centre and external verification by LICQual. The qualification follows a criterion-referenced assessment approach, ensuring that learners meet all specified learning outcomes.
To achieve a ‘Pass’ in any unit, learners must provide valid, sufficient, and authentic evidence demonstrating their attainment of all learning outcomes and compliance with the prescribed assessment criteria. The Assessor is responsible for evaluating the evidence and determining whether the learner has successfully met the required standards.
Assessors must maintain a clear and comprehensive audit trail, documenting the basis for their assessment decisions to ensure transparency, consistency, and compliance with quality assurance requirements.
