Podcast
Questions and Answers
What is the main strategy recommended to inform and influence physician behavior?
What is the main strategy recommended to inform and influence physician behavior?
- Using comparative prescribing and utilization data (correct)
- Conducting large-scale medical trials
- Relying on drug companies' promotions
- Increasing marketing efforts
What is the initial focus of P&T committees when selecting drugs for formulary?
What is the initial focus of P&T committees when selecting drugs for formulary?
- Cost-effectiveness for patients
- Popularity among physicians
- Safety and efficacy determined by the FDA (correct)
- Reputation of the drug company
What is the goal when selecting drug products for formulary?
What is the goal when selecting drug products for formulary?
- To follow physician preferences
- To provide safe and effective medications that achieve desired outcomes (correct)
- To promote new drugs in the market
- To increase the revenue of the drug company
Why is it important to use peer-reviewed publications as a source of information when selecting drugs?
Why is it important to use peer-reviewed publications as a source of information when selecting drugs?
What is a good practice when critically reviewing an article related to drug selection?
What is a good practice when critically reviewing an article related to drug selection?
What is the primary responsibility of the Pharmacy and Therapeutics (P&T) Committee?
What is the primary responsibility of the Pharmacy and Therapeutics (P&T) Committee?
What is one key reason manufacturers are willing to lower prices in exchange for formulary inclusion?
What is one key reason manufacturers are willing to lower prices in exchange for formulary inclusion?
Who primarily makes up the Pharmacy and Therapeutics (P&T) Committee?
Who primarily makes up the Pharmacy and Therapeutics (P&T) Committee?
What role do physicians play in the P&T Committee?
What role do physicians play in the P&T Committee?
What was the primary goal of cost containment in the 1980s-1990s managed care organizations?
What was the primary goal of cost containment in the 1980s-1990s managed care organizations?
What approach did early pharmacy benefit management take to control costs?
What approach did early pharmacy benefit management take to control costs?
What organization recommends policy to the medical staff on therapeutic drug use?
What organization recommends policy to the medical staff on therapeutic drug use?
Why might choosing the lowest cost drug not always be valid in healthcare?
Why might choosing the lowest cost drug not always be valid in healthcare?
Why do manufacturers pay rebates to PBMs?
Why do manufacturers pay rebates to PBMs?
What is the risk associated with the lower cost drug with high-cost side effects?
What is the risk associated with the lower cost drug with high-cost side effects?
Why are costs considered interdependent in separate components of healthcare (physician, hospital, pharmacy, etc.)?
Why are costs considered interdependent in separate components of healthcare (physician, hospital, pharmacy, etc.)?
What is the key limitation of cost minimization in separate components of healthcare according to the text?
What is the key limitation of cost minimization in separate components of healthcare according to the text?
Which of the following is NOT a determinant of formulary consideration?
Which of the following is NOT a determinant of formulary consideration?
What does a wide margin of safety imply?
What does a wide margin of safety imply?
In formulary consideration, what does effectiveness refer to?
In formulary consideration, what does effectiveness refer to?
When considering drug efficacy, what is a key question to ask regarding innovation?
When considering drug efficacy, what is a key question to ask regarding innovation?
What is an important aspect to consider about the side effect profile of a drug?
What is an important aspect to consider about the side effect profile of a drug?
Why do PBMs negotiate rebates with drug companies?
Why do PBMs negotiate rebates with drug companies?
In the context of formularies, what does a 'closed' formulary mean?
In the context of formularies, what does a 'closed' formulary mean?
How do PBMs benefit from having more restrictive formularies?
How do PBMs benefit from having more restrictive formularies?
What role do rebates play in the relationship between PBMs and drug manufacturers?
What role do rebates play in the relationship between PBMs and drug manufacturers?
Why do PBMs prefer to have drugs on a 'partially closed' formulary?
Why do PBMs prefer to have drugs on a 'partially closed' formulary?
What is the main reason that restrictive formularies can lead to better rebates?
What is the main reason that restrictive formularies can lead to better rebates?
