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CH 11 Mgmt

Pharmacy Operations

QuestionAnswer
Cost Analysis Involves all info about the financial disbursements of a department
Cost Control The implementation of managerial efforts to achieve cost objectives
Want Book Inventory control - a list of items that the pharmacy needs to order
Invoice A paper describing a purchase and the amt due; should be placed in a special folder until paid
Time Purchase When the item is not paid for at the time of purchase, and the vendor includes a packing slip
Packing Slip Describes the enclosed items, often with an invoice
Use of bar coding: con Increasingly popular, but there is a lack of universal bar code standards for all medications
Use of bar coding: pro Reduction in errors: assurance that identity and dose of the drug are for the correct patient; Also, improved time lines and accuracy
What is the pharmacy's largest asset? Inventory
Proper inventory control is financially important because... when done properly, it has a strong and direct effect on return of investment
Proper inventory control is important to service because... Pharmacy must have the correct inventory that the patients need in the quantities needed.
Inventory The entire stock of products on hand
Inventory control is closely associated with... the function of purchasing
Perpetual inventory system Shows when it is time to reorder materials. These systems allow the pharmacist to review drug use monthly, allowing better monitoring of all information.
The amount of medication that is repackaged into the patient container is predicated on... The use of therapy (sig)
Unit-of-Use Packaging AKA "Repackaging" - from bulk containers into patient-specific containers. Suitable for inpatient and outpatient dispensing.
Gross profit will be more/less than net profit Gross profit will be more than net profit
Created by: 1531944093
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