Abstract: Systems and methods for facilitating electronic prescriptions and the dispensation of medications subject to prior authorization and/or adherence to a pre-established formulary. A web-based interactive system is established whereby all entities responsible for the prescription event, namely, the prescribing physician, pharmacist/pharmacy and payer/authorizing entity are kept in direct communication with one another via a conventional, secure communications link. All pertinent information regarding the prescription, as well as the patient, is made available to all entities and further, all information associated with a particular formulary is uploaded and made available to the prescribing physician and pharmacist for quick reference as the whether or not a given medication is preapproved.

Abstract: In accordance with the present invention, there is provided a pharmaceutical inventory review and tracking system and method particularly suited to provide virtual inventory management and tracking in a manner effectively monitoring and eliminating the waste currently associated with many prescription writing and filling protocols. The present invention provides management processes that review clinical appropriateness of a prescribed medication and can identify waste, and is designed to be a re-usable process adapted to minimize such waste and insure medication inventory is conserved.