Drug formulary: A continuously updated list of approved prescription drugs covered under a health insurance plan. This list of drugs is determined by a combination of medical research, physician analysis and clinical outcomes.
Drug formulary management: A tool or system to select cost-effective and high-quality prescription medications. The drug formulary is determined by a pharmacy and therapeutics committee, made up of pharmacists, physicians, medical researchers and other health care experts.
Therapeutic drug formulary management: A tool or system to select cost-effective and high-quality prescription medications that help treat specific medical conditions or illnesses.