Formulary Development
Develop a formulary tailored to your clinical services, patient population, and resources, with clear criteria for medication selection.
Formulary Management
Better medication decisions.
Better use of your budget.
We help hospitals and healthcare organizations develop, review, and manage their formularies, bringing clinical expertise to medication selection, spending decisions, and committee support.
Is your formulary meeting your needs?
Changing treatments, rising medication costs, and limited review capacity can make formulary management demanding. Your organization may be facing:
- Medication spending that needs closer review.
- A formulary that has not kept pace with clinical practice.
- Medication requests awaiting assessment.
- Inconsistent processes for approving and reviewing medication use.
- Limited capacity to support the P&T committee.
How LavenderSand helps
We work with your team to assess medication choices, keep your formulary current, and identify opportunities to use your budget more effectively. Our support fits your clinical needs and works within your organization’s policies and decision-making structure.
Our Services
Formulary Review & Maintenance
Keep your formulary current as clinical evidence, treatment guidance, and your organization’s needs change.
Drug Evaluation & Horizon Scanning
Understand the benefits, risks, and financial implications of new and existing therapies before making formulary decisions.
P&T Committee & Formulary Governance
Establish a committee or support the management of an existing one, with clear processes for reviewing medications and documenting decisions.
Formulary Optimization
Identify opportunities to improve medication use, standardize appropriate treatment choices, and reduce avoidable expenditure.
What this means for your organization
Confidence in medication choices
Clinical and financial considerations brought together to support your decisions.
A clearer view of spending
Identify where medication choices and patterns of use offer opportunities for savings.
Additional expertise for your team
Access support for formulary reviews and committee work according to your needs.
Consistent decision-making
Clear processes for evaluating requests, approving changes, and keeping the formulary current.
Let’s discuss your formulary priorities.
Whether you need help with a specific review or ongoing formulary management, we can discuss the support that fits your organization.