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