Formulary
(Redirected from Formularies)
Formulary[edit | edit source]
A formulary is a list of prescription drugs, medical supplies, and treatments that are approved for use within a specific healthcare setting. Formularies are commonly used in hospitals, health insurance plans, and pharmacies to guide healthcare providers in prescribing medications and managing patient care.
Purpose[edit | edit source]
The primary purpose of a formulary is to promote safe, effective, and cost-efficient prescribing practices. By establishing a list of approved medications and treatment options, formularies help healthcare providers make informed decisions about the most appropriate therapies for their patients. Formularies also play a crucial role in controlling healthcare costs by encouraging the use of generic drugs and cost-effective treatments.
Types of Formularies[edit | edit source]
There are several types of formularies, including:
- Hospital Formulary: A formulary specific to a hospital or healthcare facility, which outlines the medications and treatments available for inpatient and outpatient care.
- Health Insurance Formulary: A formulary used by health insurance plans to determine coverage and reimbursement for prescription drugs.
- Pharmacy Formulary: A formulary maintained by a pharmacy or pharmacy benefit manager to guide medication dispensing and management.
Formulary Management[edit | edit source]
Formulary management involves the ongoing evaluation and updating of the formulary to ensure that it reflects current medical evidence, safety considerations, and cost-effectiveness. Healthcare organizations often have formulary committees comprised of healthcare providers, pharmacists, and administrators who review new medications, therapeutic guidelines, and treatment protocols to make informed decisions about formulary additions and revisions.
Importance[edit | edit source]
Having a well-managed formulary is essential for promoting quality care, patient safety, and cost containment in healthcare settings. By standardizing prescribing practices and promoting evidence-based medicine, formularies help healthcare providers deliver optimal treatment outcomes while minimizing the risk of adverse drug events and unnecessary healthcare expenditures.
Search WikiMD
Ad.Tired of being Overweight? Try W8MD's physician weight loss program.
Semaglutide (Ozempic / Wegovy and Tirzepatide (Mounjaro / Zepbound) available.
Advertise on WikiMD
WikiMD's Wellness Encyclopedia |
Let Food Be Thy Medicine Medicine Thy Food - Hippocrates |
Translate this page: - East Asian
中文,
日本,
한국어,
South Asian
हिन्दी,
தமிழ்,
తెలుగు,
Urdu,
ಕನ್ನಡ,
Southeast Asian
Indonesian,
Vietnamese,
Thai,
မြန်မာဘာသာ,
বাংলা
European
español,
Deutsch,
français,
Greek,
português do Brasil,
polski,
română,
русский,
Nederlands,
norsk,
svenska,
suomi,
Italian
Middle Eastern & African
عربى,
Turkish,
Persian,
Hebrew,
Afrikaans,
isiZulu,
Kiswahili,
Other
Bulgarian,
Hungarian,
Czech,
Swedish,
മലയാളം,
मराठी,
ਪੰਜਾਬੀ,
ગુજરાતી,
Portuguese,
Ukrainian
Medical Disclaimer: WikiMD is not a substitute for professional medical advice. The information on WikiMD is provided as an information resource only, may be incorrect, outdated or misleading, and is not to be used or relied on for any diagnostic or treatment purposes. Please consult your health care provider before making any healthcare decisions or for guidance about a specific medical condition. WikiMD expressly disclaims responsibility, and shall have no liability, for any damages, loss, injury, or liability whatsoever suffered as a result of your reliance on the information contained in this site. By visiting this site you agree to the foregoing terms and conditions, which may from time to time be changed or supplemented by WikiMD. If you do not agree to the foregoing terms and conditions, you should not enter or use this site. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates Wikipedia, licensed under CC BY SA or similar.
Contributors: Prab R. Tumpati, MD