Final answer:
Yes, a limited-service LTC pharmacy is required to have a formulary, which is developed by the Pharmacy and Therapeutics Committee made up of pharmacists, physicians, and other healthcare professionals. They ensure the formulary meets resident needs and complies with regulations, and it should be regularly updated.
Step-by-step explanation:
Yes, a limited-service long-term care (LTC) pharmacy is typically required to have a formulary. A formulary in this context is a list of medications available for prescription to patients within the LTC facility. The creation and management of a formulary involve collaboration between numerous stakeholders.
The primary responsibility for developing the formulary often falls to a committee, usually known as the Pharmacy and Therapeutics (P&T) Committee. This committee is generally composed of pharmacists, physicians, and other healthcare professionals who have expertise in medication therapy management in a long-term care setting. Their combined knowledge ensures that the formulary is well-suited to the residents' healthcare needs while also considering cost-effectiveness and regulatory compliance.
Furthermore, collaboration on the formulary must align with the regulatory requirements of the state in which the pharmacy operates, as well as federal guidelines. The formulary should be reviewed and updated regularly to include new medications and to remove those that are no longer considered safe or effective.