Drug Formulary Management

Drug formulary management is the process by which healthcare organizations decide which medications are approved for use within their system. It involves evaluating the safety, effectiveness, and cost of drugs to ensure patients have access to appropriate treatments while controlling expenses. Pharmacists and clinicians collaborate to choose the most suitable medications, update the list as new drugs emerge, and monitor usage to promote quality care. This ongoing management helps balance patient needs with cost-efficiency, ensuring prescribed drugs are both effective and affordable.