Compound Medication definition

Compound Medication means a non FDA approved medication prescribed by a Physician that is mixed by a pharmacist using multiple ingredients which may or may not be FDA approved individually. FDA approved medications that exist as separate components and are intended for reconstitution prior to administration are not Compound Medications.

Compound Medication means a pharmaceutical product created by virtue of mixing or combining drugs and/or components to meet the unique needs of an individual patient when the finished product does not recreate a commercially available product.

Compound Medication means a pharmaceutical product created by a licensed pharmacist, or under the supervision of a licensed pharmacist, by virtue of mixing, or combining, or altering drugs and/or components to meet the unique needs of an individual patient when the finished product does not recreate a commercially- available product.

Examples of Compound Medication in a sentence

• If it is an approved Compound Medication, it must be dispensed by a qualified Network Pharmacy compliant with applicable compounding rules and regulations.

• Contact the Claims Administrator at: OptumRx 1600 McConnor Parkway Schaumburg, IL 60173-6801 (844) 265-1879 To find out where to take your Prescription for an approved Compound Medication to be filled.

• The Member is responsible for a $45.00 copayment for each Compound Medication dispensed by a Participating Pharmacy.

• Call 1-800-700- 2541 (or TTY/TDD 1-800-905-9821) to find out where to take the Member’s Prescription for an approved Compound Medication to be filled.

• A covered Compound Medication must contain at least one FDA-approved prescription ingredient.

• All compound Prescription Drugs when a commercially available dosage form of a Medically Necessary medication is not available, all the ingredients of the compound drug are FDA approved in the form in which they are used in the Compound Medication and as designated in the FDA’s Orange Book: Approved Drug Products with Therapeutic Equivalence Evaluations, require a prescription to dispense and are not essentially the same as an FDA approved product from a drug manufacturer.

• The Member will have to pay the full cost of any Compound Medication the Member gets from a Non-Participating Pharmacy.

• Compound Medication: any medicinal substance that has at least one ingredient that is Federal Legend or State Restricted in a therapeutic amount, unless prior authorized by Your Part D coverage.

• A covered Compound Medication must contain at least one FDA-approved prescription ingredient.Extended Supply Network: A limited network of retail In- network Pharmacies, for which Covered Prescription retail purchases in excess of 30 days may be purchased.

• Compound Medications unless all the ingredients are FDA-approved in the form in which they are used in the Compound Medication, require a prescription to dispense, and the Compound Medication is not essentially the same as an FDA-approved product from a Drug manufacturer.

More Definitions of Compound Medication

Compound Medication means two or more medications that are mixed together by the Pharmacist. To be covered, Compound Medications must contain a Prescription Medication that has been approved by the FDA.

Compound Medication. A prescribed medication in which the ingredients are combined, mixed or altered specifically to meet the needs of a patient. A Compound Medication must contain at least one FDA-approved prescription ingredient.

Compound Medication is defined by the U.S Food and Drug Administration ("FDA") as a medication that requires a licensed pharmacist to combine, mix, or alter the ingredients of a medication when filling a prescription. The active ingredients within a Compound Medication are FDA approved, but the FDA does not approve the quality, safety, and efficacy of the Compound Medication.