Get Womack Pharmacy Formulary 2020

A list of prescription drugs covered by a prescription drug plan or another insurance plan offering prescription drug benefits. Also called a drug list.

Formularies are the lists that act as the gateways to prescription drug coverage in health plans in the United States, and impact every prescriber, pharmacist, purchaser and patient. The purpose of a drug formulary is to provide high quality care using the most cost-effective medications.

Health plan formularies are typically created by a committee set up by the plan's health insurance company. The formulary committee would likely include pharmacists and doctors from various medical areas. This committee would then choose which prescription drugs to include on the health plan formulary.

A drug formulary is a list of generic and brand-name prescription medications covered by your health insurance plan. Your health plan's formulary is divided into tiers based on the type of drug. If your prescription medication is included in a lower tier, it will cost less. Drug formularies vary from plan to plan.

A formulary can be defined as a “list of drugs selected by formulary committees from the commercially available ones” and its primary purpose is to “discourage the use of marginally effective drugs and treatments” and to ensure the selection of medications that have been demonstrated to be safe, effective and ...

Drugs need to be selected based on explicit criteria that include proven efficacy, safety, quality, and cost. The formulary must be consistent with any national or regional formulary or approved standard treatment guidelines.

The P&T committee is responsible for managing the formulary system. It is composed of actively practicing physicians, other prescribers, pharmacists, nurses, administrators, quality-improvement managers, and other health care professionals and staff who participate in the medication-use process.

Formulary system decisions are based on scientific and economic considerations that achieve appropriate, safe, and cost-effective drug therapy. randomized clinical trials (especially drug comparison studies), pharmacoeconomic studies, and outcomes research data. by an acceptable evidence-based process.