Third-Party Billing, Reimbursement, and Inventory Management Part 4

Question 1

A ____ routinely reviews an organization’s formulary (medications in stock)

Answer 1

P&T Committee

Question 2

If two medications provide the same effect and side effect profile but one is ____, the ____ agents will be selected

Answer 2

cheaper

Question 3

The primary focus of the P&T Committee is divided into three parts:

Answer 3

Maintain a medication list (medications in stock)
Develop policies for adding and deleting medications to the list
Maintaining medication information, such as dosing, effectiveness, and availability

Question 4

____ (DUE) or ____ (DUR) are methods to evaluate medication usage and ensure that medications are being used appropriately

Answer 4

Drug Use Evaluations (DUE) or Drug Use Reviews (DUR)