Question

You work for a public hospital which is procuring medicine for the upcoming fiscal year for their cardiology department. Under the Anticoagulants (also known as Blood Thinners) section the companies have made a range of offers for you to choose. Only two of the offers meet requirement specifications stated in your bid. Since you have a limited budget available to you, you can either choose Option A, the more expensive high-quality option, or Option B, the more affordable but lower quality option, to be issued to patients with heart disease throughout the year. Clearly due to a restricted budget, if you choose Option A, you will purchase less medication which means you will only be able to treat fewer patients. You are in the evaluation committee of this contract and must make a decision to choose between Option A or Option B based on what you believe to be the "best interest of the organization".

Answer 1

Answer:

The hospital formulary system is a method whereby the medical staff of a hospital with the help of pharmacy and therapeutic committee selects and evaluate medical agents and their dosage form which are considered to be mot useful in the patient care.