[10] The negative perception of formulary management programs by physicians can be exacerbated if the programs are used exclusively as a means to cut pharmacy costs. We countered this perception ...

This strategy has been useful in achieving physician buy-in to formulary management before its subsequent application in more traditional cost-minimization strategies in medication use.

Josh Canavan, PharmD, head of pharmacy at RazorMetrics, recommends key educational resources for biosimilars, and emphasizes the extensive research conducted before pharmacy benefit managers (PBMs) ...

When pharmacy benefit managers were first established ... to secure rebates for including drugs on a health plan’s formulary–a list of covered drugs that the insurer will reimburse.