Medication Formulary Management

Manage facility-preferred medications and therapeutic alternatives

Tier 1 Preferred

12

Tier 2 Acceptable

8

Tier 3 Non-Preferred

5

Monthly Savings

$1,250.00

Formulary Overview
Facility-preferred medications organized by tier and cost-effectiveness

Sertraline

Tier 1 - Preferred
antidepressant•Depression, Anxiety, OCD

Avg Monthly Cost

$180.00

Cost-Effectiveness

Therapeutic Alternatives:

FluoxetineEscitalopram

Risperidone

Tier 1 - Preferred
antipsychotic•Schizophrenia, Bipolar disorder, Agitation

Avg Monthly Cost

$320.00

Cost-Effectiveness

Therapeutic Alternatives:

QuetiapineOlanzapine

Lorazepam

Tier 1 - Preferred
benzodiazepine•Anxiety, Insomnia, Agitation

Avg Monthly Cost

$120.00

Cost-Effectiveness

Therapeutic Alternatives:

AlprazolamClonazepam

Quetiapine

Tier 2 - Acceptable
antipsychotic•Schizophrenia, Bipolar disorder, Depression

Avg Monthly Cost

$420.00

Cost-Effectiveness

Therapeutic Alternatives:

RisperidoneOlanzapine

Abilify

Tier 3 - Non-PreferredPrior Auth Required
antipsychotic•Schizophrenia, Bipolar disorder, Depression

Avg Monthly Cost

$1,280.00

Cost-Effectiveness

Therapeutic Alternatives:

RisperidoneQuetiapine
Formulary Benefits

Cost Optimization

Tier 1 medications are selected for optimal cost-effectiveness, saving an average of $1,250.00 monthly.

Standardized Care

Formulary promotes evidence-based prescribing with proven therapeutic alternatives for each medication class.

Prior Authorization Process

Tier 3 medications require prior authorization to ensure clinical necessity and explore preferred alternatives first.