The 2017 P&T Competition attracted 60 teams from AMCP Student Pharmacist Chapters nationwide. The four-member teams worked through a case study involving a drug product dossier based on the AMCP Format for Formulary Submissions. Using the available evidence, the teams at the local level presented their recommendations for formulary placement to a panel of judges representing a P&T committee.
“AMCP and the AMCP Foundation are committed to cultivating the next generation of managed care pharmacy leaders,” said Susan A. Cantrell, RPh, CAE, AMCP Chief Executive Officer and Chair of the AMCP Foundation Board of Trustees. "Based on the quality of the work in this year's P&T and poster competitions, I"m confident that our profession is in good hands."
Awards were presented March 30 at the AMCP Foundation Awards Ceremony during the AMCP Managed Care & Specialty Pharmacy Annual Meeting in Denver, Colorado.
“The AMCP Foundation is proud to showcase the work of our country's brightest student pharmacists each year,” said Paul J. Eichenbrenner, CAE, Executive Director of the AMCP Foundation. "A key part of the Foundation's mission is to support education. These competitions provide unique, real-life learning opportunities that prepares participants for a lifetime of success."
View the award recipients from the 2017 AMCP Foundation Annual National Student Pharmacist P&T Competition. We look forward to your participation in the 2018 competition!
AMCP Foundation P&T Competition in the news.
For additional information or questions please email PT@amcpfoundation.org.
The local and national competition is intended to give students an opportunity to hone a variety of skills including critical analysis, presentation and research skills. More importantly, the competition allows students to view different styles and processes that can be used in effective formulary management. It also provides exposure to, and a working knowledge of AMCP's Format for Formulary Submissions. Students will learn to develop and manage a formulary system through evaluating literature, conducting comparative studies, and making real life decisions based on cost-benefit analysis.
The National P&T Committee Competition Selection Committee will select the eight (8) finalist teams to participate in the National P&T Competition at the AMCP Annual Meeting & Showcase.
Each of the eight AMCP Student Chapter teams selected as finalists to compete in the National P&T Competition will receive a $4,000.00 team stipend.
Each of the three winning teams will receive a contribution to their school’s general scholarship fund in the following amounts (may vary by year):
First place team - $4,000
Second place team - $3,000
Third place team - $2,000
Formulary management is uniquely dynamic and requires extensive and timely pharmaceutical knowledge as well as an understanding of the medical community practice standards that exist within the health care system. A Pharmacy and Therapeutics Committee (P&T Committee) is ultimately responsible for developing, managing, updating, and administering the formulary system that is utilized by managed health care systems.
Pharmacists who serve on P&T Committees must know how to evaluate the best available scientific evidence, clinical and economic, weigh its use and its impact on patient population outcomes, be able to conduct cost/benefit analyses, and relate drug therapy choices to practice guidelines. Development of these necessary formulary management skills will help managed health care systems achieve the challenging goals of improving the quality of patient care while controlling scarce healthcare resources.