What is one major objective for developing a formulary?

One major objective for developing a formulary is to allow therapeutic substitution. A formulary is a list of medications that are approved for use within a particular health care system or insurance plan. By establishing a formulary, organizations can designate preferred medications that provide effective treatment options while also considering cost-effectiveness.

Therapeutic substitution refers to the practice of replacing a prescribed medication with a different drug that has similar pharmacological effects and is clinically appropriate. This approach can enhance patient care by encouraging the use of more effective or less expensive alternatives, thereby improving adherence to treatment and reducing overall healthcare costs. The goal is not only to ensure access to necessary medications but also to provide a framework for making informed decisions about prescribing, which can lead to better health outcomes for patients.

The focus on therapeutic substitution exemplifies the balance between ensuring that patients receive effective treatments while also managing costs and resources within healthcare systems.