White Paper: Formulary Development at Express Scripts
- Topics:
- Healthcare Services,
- Pharmeceuticals
- Tags:
- Benefits,
- Enterprise Software,
- Express Scripts,
- Health Care,
- Healthcare,
- Human Resources,
- Software,
- Vertical Industries
- Source:
- Express Scripts
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Overview: Prescription drug costs, which represent more than 10 percent of the overall healthcare dollar, have been increasing at double-digit rates due to new-drug introductions, more sophisticated drug therapies, and patients' increasing desire to take more control of the healthcare decision-making process. As a result, the job of managing the pharmacy benefit has become an essential element of the overall healthcare management equation. This paper describes the processes used to develop the formularies have been constructed to ensure that clinical considerations are paramount and fully taken into account before cost considerations. It has also implemented one of the industry's most unique cost lowering rebate policies - one which ensures that each drug is considered individually on its own merits with the active involvement of the plan sponsors.
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Format: PDF | Size: 148KB | Date: Mar 2005 | Pages: 6
