Cost Savings with Preferred Drug Use

 

PharMerica’s formulary is designed by pharmacists to assure clinically appropriate and cost-effective pharmaceutical care for your residents. PharMerica’s formulary provides a rational basis for evaluating patients’ drug regimens and recommending alternatives that ensure quality care, often at lower prices.

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 medications where allowed
• Therapeutic Interchange program that immediately identifies prescriber pre-approved cost-saving opportunities at the point of order entry
• Consultant Pharmacists evaluate drug regimens and medical records at the facility to identify clinically appropriate, cost-saving opportunities, where possible
• ViewMasteRx client portal identifies cost-saving Therapeutic Interchange opportunities through patient specific reporting
• Creation of helpful working aids that assist prescribers and staff converting residents to preferred formulary medications

 

The savings really add up:
Each therapeutic substitution saves an average of $87 per prescription.