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What Is A Formulary System?

January 24, 2024 by Jasmine Sibley

What Is A Formulary System? The formulary system is a method by which physicians and pharmacists, working through a Pharmacy and Therapeutics Committee of the medical staff, evaluate and select medications for use in a hospital. What is the purpose of a formulary? The primary purpose of the formulary is to encourage the use of

What Is A PBM Formulary?

January 24, 2024 by Diane Mitchell

What Is A PBM Formulary? Among the most important tools used by PBMs to manage specialty drug costs are drug formularies. A formulary is a continually updated list of prescription drugs approved for reimbursement by the PBM’s payer client. PBMs typically develop a basic formulary and offer it to payers, who may customize it. What