Managed Care (AMCP Article) Flashcards
Managed Care Pharmacy Overview
Managed Care Pharmacy emphasizes quality care and cost-effective coverage.
Pharmacists play a pivotal role in utilizing tools like Electronic Prior Authorization, Step Therapy, Medication Therapy Management, and Mail Service Pharmacy.
Formulary Development:
Managed by Pharmacy & Therapeutics (P&T) Committees.
Involves continuous development, management, and updating of formularies.
Pharmacist Education:
Pharmacists complete a Doctor of Pharmacy (PharmD) degree, with a focus on pharmaceutical education.
Many pursue further training through residencies and fellowships.
Pharmacist Lifelong Learning
Pharmacists are lifelong learners, engaging in continuing education to stay current with changes in pharmaceutical science, health policy, and research.
Managed Care Pharmacists’ Responsibilities:
Responsible for developing and using a broad range of clinical and quality-oriented drug management services.
Involved in population health management and provide patient-centered care as integral members of the healthcare team.
Patient Safety
Pharmacists in managed care play a crucial role in ensuring the safety of patients. This involves monitoring and assessing the use of medications to prevent adverse effects, interactions, or other potential risks to patients’ well-being.
Conduct Drug Utilization Review (DUR):
Drug Utilization Review is a process where pharmacists systematically evaluate and analyze the prescribing, dispensing, and use of medications. This review helps identify opportunities to optimize therapy, prevent adverse effects, and ensure cost-effective medication use.
Serve on Pharmacy and Therapeutics (P&T) Committees:
P&T Committees are responsible for formulating and updating the drug formulary.
Pharmacists contribute their expertise in these committees, participating in decisions about which medications to include in the formulary based on factors like safety, efficacy, and cost-effectiveness.
Design and Run Medication Therapy Management (MTM) Programs:
MTM programs are designed to optimize therapeutic outcomes for patients. Pharmacists create and implement these programs to ensure that patients are using their medications effectively, understand their treatment plans, and are achieving desired health outcomes.
Develop Quality Assurance Programs:
Quality assurance programs in pharmacy involve implementing processes and protocols to maintain and improve the quality of pharmaceutical care. This may include regular reviews, audits, and assessments to ensure that pharmacy services meet established standards.
Create Programs to Detect Fraud, Waste, and Abuse of Medications:
Pharmacists contribute to the development of programs aimed at identifying and preventing fraud, waste, and abuse in the use of medications. This may involve monitoring prescription patterns, detecting inappropriate use, and implementing strategies to mitigate these issues.
Create Programs to Detect Fraud, Waste, and Abuse of Medications:
Pharmacists contribute to the development of programs aimed at identifying and preventing fraud, waste, and abuse in the use of medications. This may involve monitoring prescription patterns, detecting inappropriate use, and implementing strategies to mitigate these issues.
Design Drug Benefit Plans:
Pharmacists are involved in designing drug benefit plans for patients. This includes determining which medications are covered, setting copay structures, and ensuring that the benefit plan aligns with the healthcare goals of the patient and the organization.
Help Clients Evaluate and Improve Their Pharmacy Benefit:
Pharmacists provide guidance to clients, which may include health plans, employers, or other organizations, in evaluating and enhancing their pharmacy benefit programs. This involves assessing the effectiveness, efficiency, and cost-effectiveness of the pharmacy benefit and recommending improvements as needed.
P&T Committees & Formularies
P&T Committees review and assess medication formularies, which are lists of medications covered by a health plan. The goal is to ensure that the formulary promotes safety, effectiveness, and affordability. This involves selecting medications that provide optimal therapeutic outcomes while managing costs.
Therapeutic Classes & P&T Committees
P&T Committees also focus on therapeutic classes, which are groups of medications targeting specific health conditions. They aim to update and implement best practices within these classes, ensuring that the chosen medications are aligned with the latest evidence-based guidelines and treatment protocols.
Peer-Reviewed Literature and Clinical Trials:
P&T Committees rely on peer-reviewed literature and data from clinical trials. By staying abreast of the latest scientific research, committees can make informed decisions about the inclusion or exclusion of specific medications in the formulary. This ensures that the chosen drugs have demonstrated efficacy and safety.
Collaboration Among Healthcare Professionals: P&T Committees
Collaboration is key in the formulary management process. Healthcare professionals, including prescribers and pharmacists, work together to enhance access to safe, cost-effective, and evidence-based medication therapy. This collaborative approach ensures that decisions are well-informed and consider diverse perspectives.
Focus on High-Cost Specialty and Biologics:
With the increasing focus on high-cost specialty medications and biologics, formulary management becomes even more critical. P&T Committees navigate the challenges of incorporating these innovative but costly treatments, balancing the need for patient access with cost-effectiveness.