Pharmacy and Therapeutics
From Wikipedia, the free encyclopedia
For the journal on formulary management, see Pharmacy and Therapeutics (journal).
Pharmacy and Therapeutics (P&T) is a committee at a hospital or a health insurance plan that decides which drugs will appear on that entity's drug formulary. The committee usually consists of healthcare providers involved in prescribing, dispensing, and administering medications, as well as administrators who evaluate medication use.[1] They must weigh the costs and benefits of each drug and decide which ones provide the most efficacy per dollar.[1][2] This is one aspect of pharmaceutical policy. P&T committees utilize an evidence-based approach to drive change within health systems/plans by changing existing policies and bringing up-to-date research to support medical decision-making.[3]