STRATEGIC-PLANNING FOR THE MANAGEMENT OF BIOTECHNOLOGIC PRODUCTS - DEVELOPMENT OF A BIOTECH COMMITTEE

Strategies and tactics for managing biotechnologic products are critic al to cope with the increasing number and cost of such products. one s trategy is to develop a biotech committee to formulate long-term goals for managing biotechnologic products and to evaluate controversial or extremely expensive new products and recommend their formulary status to the P & T Committee. Involvement of the P & T Committee is crucial to establish strict criteria and monitors to ensure the appropriate a nd cost-effective use of these products. Involvement of the pharmacy d epartment is also essential to detect usage patterns and reimbursement profiles of approved biotechnologic products in the hospital, as well as their potential financial impact on the hospital's budget.