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Stack #127756
| what type of cost is this | Answer |
|---|---|
| hospital care | direct medical cost |
| drugs | direct medical cost |
| supplies | direct medical cost |
| transport to site for family | direct non-medical cost |
| lodging for family | direct non-medica cost |
| lost wages | indirect costs |
| impaired physical functioning | intangible costs |
| what are the three components of price (remember this is what the customer pays) | ingredient cost, service cost, net income (what the customer pays is all three) |
| cost to dispense a prescription is what type of component of price | service cost |
| which component of price does the pharmcy pay for the drug product it dispenses | ingredient cost |
| the price the pharmacy pays for the product it dispenses is called what | AAC Actual Acquisition |
| the cost assigned to a product by its manufacturer and is published | AWP average wholesale price. this overstate actual acquistition cost |
| what is established by third-party payers to estimate actual acquistion cost | EAC estimated acquisition cost |
| results directly from providing the service | direct costs |
| costs of labels and containers | direct costs |
| patient education materials | direct costs |
| pharmacy licenses | direct costs |
| the avergae or per unit cost of providing service | service cost-cost to dispense |
| salaries | service cost- cost to dispense |
| rent and utilities | service cost- cost to dispense |
| depreciation | service cost- cost to dispense |
| delivery costs | direct costs |
| computer | direct costs |
| salary costs | indirect costs that are based on ratio fo time spent on dispensing related functions |
| allocated housing related costs | indirect costs and are done by sq ft. |
| advertising | indirect cost |
| how do you calculate the cost to dispense (CTD) | total dispensing related expenses/ expected presciption volume to get dollar amount |
| to get total dispensing related expenses you add what together | direct costs+indirect salary+ indirect hoursing+ indirect other |
| the average amount to be added to ingredient cost if the pharmacy is to break even and is sensitive to prescription volume | cost to dispense CTD |
| when you determine your fair share of indirect cost you are doing | cost allocation |
| pharmacist salary | direct costs |
| techs salary | indirect |
| depreciation | direct |
| machine lease | direct |
| promotion | direct |
| manager salary | indirect |
| where the pharmacist stand to verify the perscription | indirect all housing related costs are indirect |
| the service cost for disease screening is sensitive to what | prescription volume because the formula is total service-related expenses/expected volume of service |
| what type of cost is it that differ among alternative courses of action | differential costs- the costs the pharmacy incurs if it provides the service. In t |
| in the case of screening for disease state the additional costs the pharmacy incurs if it provides the service (differential costs) is equal to | directs costs |
| non cost factors that are important with pharmacy practice include | demand, competition, image, quality signaling, goals, non-monetary costs |
| quantiy what consumers will buy a given price | demand . demand is different form need. need is objective and demand is perceptions |
| demand is function of price. High price | reduces quantity demanded |
| how much the quantity demanded rises or falls with a change in price is known as the | price elasticity of demand |
| what measures how sensitive consumers are to price change | price elasticity |
| consumers select products and services based on what | perception. Perception depends on pharmacy image |
| when a consumers is unable to judge quality what may signal quality to them | price. this happens more for services than for products |
| time costs | non-monetary |
| search costs | non-monetary |
| psychic costs | non-monetary |
Created by:
lainylaina