Posted on December 15, 2016 in: Member News
By Connor Luczak, Pharm.D., PGY-1 managed care resident, University of Michigan Health System and Erin Copi, Pharm.D., PGY-1 community pharmacy resident, University of Michigan Health System
PGY-1 Managed Care Residency Prescription Drug Plan
The University of Michigan (UM) Prescription Drug Plan Managed Care PGY-1 residency is currently in its first year. This new program brings unique value to the existing collection of UM Health-System residency programs by facilitating close collaboration between the managed care and clinical care settings. Residents in this program participate in formulary management, new drug evaluations and other fundamental tenets of prescription drug benefit design to deliver the best quality care to the over 100,000 lives covered by the plan. Residents communicate with physician experts associated with the UM Health System to obtain the best possible insight into new therapies.
Any who completes this program can approach future employers and offer the assurance that they have the clinical expertise, technological prowess and fiscal rectitude to excel in a variety of managed care roles. Alumni of this residency will also be adept at strengthening relationships between health plans and providers. Health services and pharmacy benefits are increasingly set to be delivered through an elaborate continuum of different care settings. This program will prepare pharmacists to manage sensible benefits that maximize both service and value.
PGY-1 Community Pharmacy Residency
The University of Michigan (UM) Community Pharmacy PGY-1 residency is currently in its second year. The program exposes residents to a mix of community and ambulatory practice opportunities. Residents spend time counseling patients and managing side effects via oral oncology and specialty pharmacy clinical services, managing patients with chronic conditions in collaborative practice settings and providing community pharmacy services through medication therapy management (MTM). Residents interact with other healthcare providers in order to provide comprehensive care.
Residents who complete this program will be able to practice in community pharmacies with the knowledge to provide clinical services or will be well prepared to pursue an ambulatory care PGY-2 residency. As healthcare moves towards a “pay for performance” model, graduates of this program will be prepared to manage medical conditions in an effort to improve outcomes, and to prove the value of the pharmacist in the outpatient healthcare team.
For more information about Michigan residency programs, visit the Residency Programs webpage at www.MichiganPharmacists.org/residencies. There you can access the Michigan Residency Listings and Toolkit created by the MSHP Residency Committee.