Preferred Medication List definition
Preferred Medication List means the listing of preferred medications as determined by AvMed’s Pharmacy and Therapeutics Committee based on clinical efficacy, relative safety and cost in comparison to similar medications within a therapeutic class. This multi-tiered list establishes different levels of Co-payment for medications within therapeutic classes. As new medications become available, they may be considered excluded until they have been reviewed by AvMed’s Pharmacy and Therapeutics Committee.
Examples of Preferred Medication List in a sentence
MedHealth shall provide a pharmacy program and monitoring of pharmacy usage as well as a Preferred Medication List.
As long as a QCC representative is on site, QCC shall administer and monitor the usage of pharmaceutical medications as well as a Preferred Medication List.