Drug _______________ are lists or catalogs of drugs that are approved for use either within a hospital or for reimbursement by a third-party payer.

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16-08-2022
Medicine

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Drug _______________ are lists or catalogs of drugs that are approved for use either within a hospital or for reimbursement by a third-party payer.

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rafikiedu08 rafikiedu08 · Answer 1 · 2022-08-20T08:59:10+02:00

Drug formularies are lists or catalogues of drugs that are approved for use either within a hospital or for reimbursement by a third-party payer.

What is a drug formulary?

A list of prescription drugs covered by a prescription drug plan or another insurance plan offering prescription drug benefits. Also called a drug list.
A drug formulary is a list of brand-name and generic prescription drugs that are approved to be prescribed by a particular health insurance policy, or in a specific health system or hospital.
Drug formularies are developed based on the efficacy, safety and cost of the drugs.

What is the purpose of drug formularies?

The primary purpose of the formulary is to encourage the use of safe, effective and most affordable medications.
A formulary system is much more than a list of medications approved for use by a managed health care organization.

To learn more about drug formularies visit here:

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