Formulary management to reduce cost: P & T committee strategies.
The hospital pharmacy can achieve cost reductions through a variety of means. These include controlling personnel costs, conducting systems and facilities design analyses, operating shared services, controlling inventory, and assisting the P & T Committee in implementing and operating a hospital formulary system. The type of formulary system within an institution and the effectiveness of the P & T Committee both influence cost saving programs in acquiring and dispensing therapeutic agents. Strategies effective in developing a workable formulary and ways in which the P & T Committee can encourage cost-effective drug acquisition and use are outlined.
D003363:Cost Control; D005572:Formularies, Hospital as Topic / Q000191:economics*; D010606:Pharmacy and Therapeutics Committee; D011682:Purchasing, Hospital / Q000379:methods*; D014481:United States