REVIEW ON HOSPITAL FORMULARY: AN OVERVIEW

A hospital formulary represents a comprehensive and curated list of pharmaceutical preparations that have been specifically approved for administration within a healthcare facility. This systematic compilation functions as an indispensable instrument for maintaining medication safety standards, ensuring clinical efficacy in treatment protocols, and managing pharmaceutical expenditures responsibly. The development and maintenance of formularies falls under the purview of specialized committees-typically the Pharmacy and Therapeutics (P&T) Committee-which conducts rigorous evaluation of medicines across multiple parameters: therapeutic effectiveness, adverse effect profiles, manufacturing standards, and fiscal implications. The standardization of therapeutic agents through formulary implementation substantially diminishes the incidence of medication administration errors, promotes evidence-based prescribing methodologies, and ultimately enhances the quality of clinical outcomes for patients. Additionally, formularies serve as authoritative references for clinical decision-making, offering detailed information regarding therapeutic indications, appropriate dosage regimens, contraindications, and suitable pharmacological alternatives. The hospital formulary thus constitutes a cornerstone of institutional pharmaceutical governance, facilitating optimized medication regimens, fiscal prudence in resource allocation, and elevated standards of patient safety protocols.