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CHAPTER 19THE FORMULARY SYSTEM19.1Formulary System
In the Nursing Home
I. OTC Formulary for Medicaid Residents (Patient Care Formulary)
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What is form formulary system?
Form formulary system is a method used to report and track information on a variety of medications.
Who is required to file form formulary system?
Healthcare providers, pharmaceutical companies, and insurance companies are required to file form formulary system.
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Form formulary system can be filled out online through a secure portal or submitted via mail.
What is the purpose of form formulary system?
The purpose of form formulary system is to increase transparency around medication costs, coverage, and utilization.
What information must be reported on form formulary system?
Information such as drug name, dosage, cost, and coverage details must be reported on form formulary system.
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