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What is a Residency Program in Managed Care Pharmacy?
Postgraduate year one (PGY1) of pharmacy residency training is an organized, directed, accredited program that builds upon knowledge, skills, attitudes, and abilities gained from an accredited professional pharmacy degree program. The first-year residency program enhances general competencies in managing medication-use systems and supports optimal medication therapy outcomes for patients with a broad range of disease states.
A residency should not be confused with an internship or a fellowship. Internships represent training programs designed to meet the licensure requirements of boards of pharmacy, and fellowships concentrate on the development of research skills. A residency is concerned with development of professional practice knowledge, skills, and competency beyond the legal requirements for licensure, which is oriented toward specific aspects of pharmacy practice.
A PGY1 managed care pharmacy residency program establishes criteria for systematic training of pharmacists for the purpose of achieving professional competence in the delivery of patient-centered care and in pharmacy operational services in managed care settings. Residents in PGY1 residency programs are provided the opportunity to accelerate their growth beyond entry-level professional competence in patient-centered care and in pharmacy operational services, and to further the development of leadership skills that can be applied in any position and in any practice setting.
PGY1 residents in managed care pharmacy are trained to deliver pharmaceutical care utilizing three practice models:
- Individual patient care in which the pharmacist communicates findings and recommendations to patients and those health care providers who provide care directly to the patient;
- Care provided to targeted groups of patients in which the pharmacist designs, conducts, monitors and evaluates the outcomes of organized and structured programs; and
- Population care management in which the pharmacist develops and implements medication-use policy.
Do U Fit?
This document has been developed by AMCP and ASHP to assist residency program directors, and their organizations, who are considering developing a PGY1 Managed Care Pharmacy Residency Program to undertake a self-assessment to help identify whether or not the operational functions and pharmacist practice environment in the organization is aligned with the unique settings, functions, and practice environment for which the PGY1 Managed Care Pharmacy Accreditation Standard and the associated Outcomes, Goals and Objectives were developed and intended. The self-assessment ensures that the sponsoring organization has the capacity to provide the necessary learning experiences for the graduate resident. These experiences will ensure that the graduate resident receives adequate training and experience in those essential areas of managed care pharmacy’s responsibilities and functions that would be characterized as part of a managed care pharmacist generalist’s practice.
Organizations and residency program directors who are considering sponsoring a PGY1 Managed Care Pharmacy Residency Program should read this document prior to submitting an application for accreditation. Read More »
How to Start a Residency in Managed Care Pharmacy
This manual is designed to provide a starting point for those health plans, pharmacy benefit management companies (PBMs), integrated health care delivery systems, colleges of pharmacy, and other managed care organizations (MCOs) that want to develop a managed care pharmacy residency program, but lack the necessary tools and experience. Given the diversity of managed care models, it is impossible to design a single manual that will fit all organizations and programs. What this manual will attempt to do, however, is provide some insights into developing a managed care residency program irrespective of the practice site or type of organization sponsoring the residency. Read More »
Important Residency Documents
This page contains links to important residency-related documents and topics, such as:
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- ASHP Residency Program Regulations
- Documents Needed when Applying for Accreditation
- Residency Learning System
- Resident Matching Program
- Preparing for a Residency Survey
- Responding to the Survey Findings
NEW The Student Pharmacists' Guide to Managed Care Residency Programs
This manual is designed to provide a starting point for student pharmacists who are interested in pursuing a residency in managed care pharmacy. Due to the diversity in sites and types of managed care organizations, student pharmacists do not always have sufficient information to make rational choices when choosing residency programs. This document attempts to cover the topics of importance to those making this very significant decision for their pharmacy careers. Read More »
PGY1 Managed Care Pharmacy Residency Outcomes Goals & Objectives with Assessment Criteria
This document contains the Required and Elective Educational Outcomes, Educational Goals, Educational Objectives, and Instructional Objectives for Postgraduate Year One (PGY1) Managed Care Pharmacy Residency Programs. Read More »
PGY1 Managed Care Pharmacy Residency Standard
Postgraduate year one of pharmacy residency training is an organized, directed, accredited program that builds upon knowledge, skills, attitudes, and abilities gained from an accredited professional pharmacy degree program. This document serves as the standard for accreditation of PGY1 Managed Care Pharmacy Residency Programs.
Note: Organizations and residency program directors who are considering sponsoring a PGY1 Managed Care Pharmacy Residency Program should read the "Do U Fit?" document prior to submitting an application for accreditation. Read More »