Hospital Theory

Pharmacoeconomics

analytical methods are used to identify, measure and compare costs and consequences of pharmacy products and services

Managed Care

Is quality care that uses only the most cost effective treatment and encourages preventative health strategies.

what is bidding

confidential process by which the pharmacy “locks in” medication costs from a prime wholesale vendor for one to five years

who researches and makes objective drug formulary recommendations

drug-information pharmacist

what is a centralized pharmacy

operated out of one primary location, the inpatient

what is a decentralized (satellite) pharmacy

can consist of a central with multiple satellite pharmacies and outpatient pharmacy; typically specialized such as coagulation therapy

CIVA Centers (sterile prep)

responsible from processing and dispensing medication orders for individual patients

what are the goals of pharmacy

* Promote the rational use of medications
* Establish the value of pharmacy services
* to enhance the health of patients

what is pharmaceutical care

A relationship between a patient and a pharmacist in which the pharmacist accepts responsibility for drug use control functions and provides those services governed by awareness of, and commitment to, the patient’s interests

what is perpetual inventory

Computer keeps track of medications going in and out

What colour ink is used in the entries or additions into the perpetual log

black ink and red for withdrawals/ negative balances

What does CPOE stand for

Computerized Prescriber Order Entry

what is eMAR (Electronic Medication Administration Record

\

all electronic record of the administration time of each drug

What is a Computerized Prescriber Order Entry

Prescriber directly enters into the electronic health record using a mobile device or laptop

what is the pareto principle relating to pharmacy

The Pareto Principle, also known as the 80/20 rule, It states that 80% of consequences is controlled by 20% of causes. In pharmacy inventory pareto principal shows 80% of the budget 20% drug

Up to what percent of a hospital budget is spent on pharmaceuticals

What does "Code Red" mean in the hospital?

"Code Red" is used in hospitals to indicate a fire or smoke emergency.

what does code blue mean

emergency resuscitation

what does the irb do

Institutional Review Board Reviews the use of investigational drugs or procedures in the hospital

what does TCT mean

tech check tech making a double layer of security

what is an emar

Electronic Medication Administration Record an electronic record of the administration time of each drug

what does BPOC stand for

barcode point-of-care

What Is Medication Reconciliation (Med Rec)?

It is the process in which healthcare providers work \n collaboratively to identify the most comprehensive and accurate \n list of medications for the patient/resident as they move from one \n level of care to another

What does it mean to reconcile medication orders?

Compare the BPMH to the admitting, transfer or discharge \n medication orders, make note of any discrepancies and follow-up \n with the responsible prescriber to resolve discrepancies