Pharmacy Management -L3

Front 1

These companies manufacture products that are beyond their patent exclusivity (off-patent)

Back 1

Generic Manufacturers

Front 2

Identify which is not the task of Group Purcasing Organizations
(GPO)
Most GPOs offer other services
1.negotiate with the manufacturers for better pricing
2.Purchasing reports
3.Clinical reports
4.Decision support
5.purchase drugs
6.Consulting services
7..Education

Back 2

5.

Front 3

serve like a GPO, but for an insurance company or company that self-insures its employees

Back 3

Pharmacy Benefit Managers

Front 4

purchases medications from the manufacturers and resells them to the individual pharmacy

Back 4

Wholesalers

Front 5

The final purchaser (or end-user) of medications

Back 5

Beneficiary
AKA: Member, Resident, Patient

Front 6

These companies work to handle drug returns

Back 6

Reverse Distributors

Front 7

Acquisition Costs (AC) + Procurement Costs (PC) + Carrying Costs (CC)

Back 7

Total Costs (TC)

Front 8

the price paid for the drug minus any rebates or discounts

Back 8

Acquisition Costs

Front 9

Includes the costs of shipping

Back 9

Procurement Costs

Front 10

How much to order?

Back 10

EOQ (economic order quantity)

Front 11

When to order ?

Back 11

Reorer point(ROP)

Front 12

how long it takes to get the product after it is ordered

Back 12

Lead time

Front 13

the back-up supply that should last until the order is received (and then some)

Back 13

Safety stock

Front 14

measures how fast an inventory moves

Back 14

Inventory Turnover Rate

Front 15

One is not part of acconting concern
1.analyzing,
2.classifying,
3.recording,
4.summarizing,
5.interpreting
6.purchasing

Back 15

6

Front 16

Which is not paired properly;
1.Analyzing: looking into business transactions that involve basic ongoing activities
2.Classifying: Assigning a category for the account analyzed
3.Recording: The process of documenting the transactions to provide a permanent record of the accounting activities
4.Summarizing: The totaling of ledgers and statements to generate a final figure
5.Analyzing: Utilizing the final figures to make business decisions

Back 16

5.
Is Interpreting not Analyzing

Front 17

Financial Statements Used in Financial Accounting

Back 17

Income Statement
Statement of Owner’s Equity
Balance Sheet
Statement of Cash Flows

Front 18

Shows the amount of retained earnings that have been accumulated

Back 18

Statement of Owner’s Equity

Front 19

answers the question of liquidity (how fast can assets be converted to cash)

Back 19

Statement of Cash Flows

Front 20

Ways of Analyzing Financial Statements

Back 20

Horizontal Analysis
Vertical Analysis
Ratios
Current Ratio
Quick Ratio
Inventory Turnover Ratio

Front 21

asset : liability ratio

Back 21

Current Ratio
The greater the value ,the better the company is performing

Front 22

is about determining alternatives that provide the best health care outcome per dollar spent.

Back 22

Pharmacoeconomics

Front 23

Which is not the task of PE
1.Cost-containment
2.Compromising of clinical decision making
3.Determining the cheapest health care alternatives
4.description and analysis

4

Back 23

1,2,&3

Front 24

Six different types of costs

Back 24

Direct
Fixed
Variable
Indirect
Intangible
Incremental

Front 25

costs that result from morbidity and mortality

Back 25

Indirect costs

Front 26

Are examples of Intangible cost

Back 26

Grief
Pain & Suffering
Inconvenience

Front 27

Increasing patients medication dose to achieve better outcomeis a good example of which type of cost

Back 27

Incremental

Front 28

Is not true of COI
1.Measures the direct and indirect costs associate with a specific disease or illness
2.Used to determine relative value of treatment or prevention strategy
3.Not used to compare treatment alternatives
4.Is one type of PE Assessments

Back 28

None

Front 29

Used to compare two or more treatment options that are equal in efficacy

Back 29

CMA

Front 30

----------converts benefits into equivalent dollars in its evaluation

Back 30

CBA

Front 31

When is a product considered as cost-effective
1.Alternative product is less expensive and at least as effective as comparator
2.Alternative is more expensive, but provides additional benefit worth the cost
3.Alternative is less expensive and less effective, but the extra benefit is not worth the cost
4.All

Back 31

4

Front 32

Looking for the best healthcare outcome per dollar spent

Back 32

CEA

Front 33

Expressed as quality-adjusted life-years (QALY)

Back 33

CUA

Front 34

One is notproperly paired with its outcome measurment.
1.Cost of Illness -Full assesment of overall outcome
2.Cost-minimization -Outcome is assumed to be equivqalent
3.Cost-benefit -Outcome is expressed interms of units of effect
4.Cost-effectiveness -outcome of unit is dollars
5.Cost-utility -QALYs

Back 34

1

Front 35

key demographic figures affecting hiring and employee retention

Back 35

Aging,
Ethnic Diversity,
Increase Women in the workplace,
Changing Family Make-up

Front 36

Five primary steps to recruiting

Back 36

Job Description
Advertising
applicant screenibg
Interviewing
Backgroubnd,reference Checks