05/07/2026 | Press release | Distributed by Public on 05/08/2026 07:02
As healthcare organizations increasingly rely on data-driven analysis to evaluate treatments and improve care delivery, The University of Toledo College of Pharmacy and Pharmaceutical Sciences has redesigned a Master of Science in Pharmaceutical Sciences with a concentration in Health Outcomes and Value Analytics (MSPS-HOVA) and taken the program online.
The improved offering is designed to meet the growing demand for professionals skilled in pharmacoeconomics, a branch of health economics that evaluates the value of pharmaceutical products and treatments by comparing their clinical, economic and humanistic costs and outcomes.
The College of Pharmacy and Pharmaceutical Sciences has redesigned a Master of Science in Pharmaceutical Sciences with a concentration in Health Outcomes and Value Analytics (MSPS-HOVA) and taken the program online.
"This program builds upon a previous in-person offering, but it has been significantly revised and modernized," said Dr. Pamela Heaton, dean of the College of Pharmacy and Pharmaceutical Sciences. "We have developed new courses to ensure greater relevance and contemporary application, added a new certificate option and transitioned the entire program to an online format to increase accessibility for working professionals and students."
Meeting a Critical Industry Need
The program is launching as the healthcare industry undergoes a profound transformation with payers, providers and pharmaceutical companies increasingly demanding evidence-based insights to guide formulary decisions, demonstrate drug value and optimize patient outcomes.
The MSPS-HOVA program directly answers this challenge, equipping graduates with advanced skills in pharmacoeconomic evaluation, real-world evidence generation, decision modeling and healthcare analytics.
Graduates will be positioned to contribute to evidence-based decision-making across pharmaceutical companies, managed care organizations, consulting firms and government agencies.
"What makes HOVA distinctive is that it was built around the intersection of clinical evidence, economic modeling and real-world data," said Dr. Varun Vaidya, professor and director of Health Outcomes and Socioeconomic Sciences at UToledo. "Our students aren't learning theory in isolation; they're developing skills that a payer/health insurance analytics team or a pharmaceutical outcomes group can utilize immediately. Demand for people with this skill set is only accelerating."
Program Highlights
Designed for working professionals, the program is fully asynchronous - meaning no scheduled class meetings - allowing students to complete coursework on their own schedule.
Students learn from the same world-class faculty who teach on-campus students, ensuring an equivalent high-quality academic experience.
The program is structured around three foundational courses and six core HOVA courses, including:
• Managed Care and Value-Based Healthcare
• Introduction to Decision Analytic Modeling in Health Outcomes Research
• Real-World Data in Health Outcomes Research
• Foundations of Patient-Reported Outcomes in Healthcare Research
• Machine Learning and AI in Health Outcomes
MSPS-HOVA Degree Program Fit
The MSPS-HOVA program is designed for a broad range of healthcare and research professionals, including pharmacists and pharmacy graduates aiming for specialization in health outcomes and value assessment, as well as healthcare professionals transitioning into Health Economics and Outcomes Research (HEOR), market access or health technology assessment.
Public health and epidemiology graduates seeking to enhance their quantitative skills in pharmacoeconomics and real-world evidence, along with data analysts and researchers in the healthcare industry looking to deepen their domain expertise, will also find the program beneficial.
Because the program is 100% online, it's also suitable for international students seeking a flexible U.S. graduate degree.
Find more information on the HOVA website.