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