What role does a formulary play in a pharmacy setting?

A formulary serves a critical role in a pharmacy setting by listing medications that have been approved for use and reimbursement. This list helps ensure that pharmacy staff and prescribers have access to medications that are considered safe, effective, and cost-efficient for patient care. Additionally, the formulary can guide healthcare practitioners in selecting appropriate therapies based on clinical guidelines and local pharmacy policies.

By maintaining a standardized list of medications, the formulary also influences treatment decisions, helps manage costs by encouraging the use of preferred drugs, and facilitates insurance processes by ensuring that prescribed medications are eligible for reimbursement. This organization supports patient safety and enhances the overall quality of care provided in the pharmacy setting.