Definition of Hospital Formulary
A hospital formulary is an official compilation of medications and related information approved for use within a particular hospital or healthcare system.
It serves as a guiding document that outlines the preferred medications for prescribing, dispensing, and administration, aiming to promote safe, effective, and economical use of pharmaceuticals.
Key Aspects:
Standardization: Ensures consistent medication use across the institution.
Quality Care: Facilitates optimal therapeutic outcomes through evidence-based medication selection.
Cost Control: Helps manage pharmaceutical expenditures by selecting cost-effective alternatives.
Regulatory Compliance: Aligns with legal and accreditation requirements for medication management.