Reformulary drug plans provide incentives that encourage the use of effective drugs based on:
Clinical effectiveness (how well the drug works)
Cost effectiveness (how much the drug costs in comparison to existing drugs)
Whether the drug has added benefit over existing drugs.
Reformulary is developing programs to help employees better manage chronic conditions. These programs focus on helping employees manage and adhere to their medications, as well as providing information on diet, lifestyle and other options.
Harnessing available evidence on claims, trends and utilization, Reformulary will use informatics principles and tools to:
Provide detailed reporting on drug plans
Support appropriate drug use
Analyze employee impact resulting from drug plan changes
Identify benefits of specific drugs in promoting employee wellness