Cost Savings With Preferred Drug Use

PharMerica’s formulary is designed by expert geriatric care physicians and pharmacists to assure clinically appropriate and cost effective medications for residents. PharMerica assists you in maximizing preferred formulary use with an industry leading generic dispense rate, cost effective brand medications and therapeutic substitution recommendations to reduce costs

  • Industry leading Generic Dispense Rate of 86%, with generic substitutions for higher cost prescribed meds where allowed.
  • Promoting cost effective brand medications to physicians.
  • Seeking physician authorizations for therapeutic interchanges on top medications, including proactive outreach for global authorization on common interchanges in 19 allowed states.
  • Creation of helpful working aids that assist physicians and staff converting residents to preferred formulary medications.

 

The savings really add up:
Each therapeutic substitution saves an average of $27 per prescription.


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