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Drug Formulary

Meaning

A drug formulary is a continually updated, comprehensive list of prescription medications covered and preferred by a specific healthcare organization, insurance plan, or pharmacy benefit manager. This list is constructed by a Pharmacy and Therapeutics committee, which evaluates the safety, efficacy, and cost-effectiveness of various therapeutic agents, including those used for hormonal replacement or endocrine conditions. The formulary categorization, such as tiered copayments, directly influences a patient’s access and out-of-pocket cost for their prescribed hormonal medications. Understanding the formulary is crucial for optimizing patient adherence and minimizing financial barriers to necessary endocrine care.