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pht 100
chapter 7 part 3
| Question | Answer |
|---|---|
| rx containers returned by patient can't be | returned to stock regardless of condition |
| the csa (controlled substance act) defines receiving & purchasing procedures & states the | requirements for inventory & records |
| C3-5 drugs can be ordered by | techs in most pharm]s |
| pharmacists verifies drug receipts for | C3-5 drugs |
| C2 drugs are delivered in | a special sealed tote |
| to verify C2 contents, the pharmacist breaks the | seal & stores drugs & receipts |
| C2 drugs need special | perpetual inventory system |
| the perpetual inventory records is a | unit by unit accountability needed for C2 inventory records |
| C2 drug purchases must be authorized by | pharmacist & recorded on DEA 222 form |
| records must be kepts separate & readily | available for inspection |
| pharm]s have $150-300 thousand in | inventory on shelves |
| excessive inventory is a | cost to the pharm] |
| excessive inventory hinders | cash flow, increases expiration waste, & increases theft risks |
| techs should take periodic | physical inventory |
| periodic inventory helps determine average | inventory & turn over rate |
| periodic inventory makes adjustments in | stock levels |
| sealed bottles get full credit in inventory where as | opened bottles are perceived as half-full |
| every 2 yrs., the DEA requires complete | controlled drug inventory |
| controlled rx records must be kept for | at least 2 yrs. |
| controlled rx disposal should be | recorded, witnessed, & signed by a pharmacist |
| techs can ensure | pharm] profitability |
| techs use math for | markups, discounts, & average wholesale prices |
| average wholesale price is | AWP |
| a profit is the amount of received revenue that | surpasses a sold products expenses |
| a markup is also gross profit making the difference between the | buying & selling prices |
| the pharm]s buy products at one price & | sells them at higher prices |
| the figure between the buy & sell price of products is | gross profit or markup |
| formula is the selling price | minus the buying price which equals a markup |
| rx pricing is subject to | competition & gov't regulation |
| the wholesaler offers an item to the pharm] at a | lower price which is called a reduction |
| the reduction is sometimes passed | to the consumer |
| the reduction is sometimes used to help | offset expenses |
| the formula is the purchase price multiplied by | the discount rate which equals the discount/reduction price |
| the average wholesaler price is the | average price the wholesaler charges the pharm] |
| hmo's & insurance companies reimburse | pharm]s based on the AWP's |
| pharm]s have an incentive to buy drugs at prices under | the AWP as possible |
| the average wholesale price is the price average for which | the wholesalers charge a pharm] for a drug |
| health insurance covers | incurred medical costs |
| most patients have private company | medical/drug insurance coverage |
| healthcare & insurance cost is | rising higher than inflation |
Created by:
wildap
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