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OHIO BOARD OF NURSING INSTRUCTIONS FOR COMPLETING THE REQUEST FOR FORMULARY REVIEW / REVISION Certificate to Prescribe (CTP/CAPE) holders may submit requests for Formulary revisions to the Committee
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How to fill out formulary review and revision

01
Start by reading and understanding the purpose of the formulary review and revision process.
02
Gather all the necessary information and documents related to the formulary that needs to be reviewed and revised.
03
Identify any outdated or incorrect information in the current formulary and make necessary changes.
04
Determine if any new drugs or therapies need to be added to the formulary based on the latest medical research and guidelines.
05
Remove any drugs or therapies that are no longer recommended or effective.
06
Evaluate the cost-effectiveness of different medications and make adjustments if necessary.
07
Consider input from healthcare professionals, pharmacists, and other stakeholders during the review and revision process.
08
Update the formulary with the revised information and ensure it is easily accessible for healthcare providers and patients.
09
Communicate the changes made during the review and revision to all relevant parties and provide necessary training if required.
10
Monitor and evaluate the impact of the formulary changes over time, and make further revisions as needed.

Who needs formulary review and revision?

01
Healthcare organizations, such as hospitals, clinics, and health systems, that maintain their own formulary for prescribing medications.
02
Pharmacy and therapeutics (P&T) committees responsible for reviewing and updating formularies.
03
Pharmacists and other healthcare professionals involved in prescribing and managing medication therapy.
04
Insurance companies and pharmacy benefit managers (PBMs) who develop formularies for their members.
05
Government agencies and regulatory bodies responsible for ensuring the safety and efficacy of medications.
06
Pharmaceutical companies seeking to understand formulary coverage and market access for their products.
07
Patients who rely on formularies to understand which medications are covered by their insurance or healthcare provider.
08
Researchers and academics studying formulary design and its impact on patient outcomes and healthcare costs.
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Formulary review and revision is the process of evaluating and updating a list of medications that are covered by a health plan or pharmacy benefit manager.
Health plans and pharmacy benefit managers are required to file formulary review and revision.
Formulary review and revision can be filled out by evaluating the current list of medications, considering new medications available, and making any necessary updates to the formulary.
The purpose of formulary review and revision is to ensure that the list of covered medications is up-to-date, cost-effective, and meets the needs of the plan members.
Information such as changes to the list of covered medications, reasons for any changes, impact on plan members, and any cost implications must be reported on formulary review and revision.
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Relevant keywords

2014 OHIO CPG CTP APRN FDA SCA APRNs practicenursing blackbox Prescriptive FORMULARY Governance ATTN Designation collaborating rationale revisions gov annually impede REVISION COMPLETING forwarded holders specify submission indications updates documentati

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