________ must register with Health Canada to purchase and dispense controlled substances.
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Designated Manager
a pharmacist who is responsible for purchasing, receiving, storing, distributing, and disposing of drugs and medications in the pharmacy, including narcotics;
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max quantities
Min /________ are noted for each product.
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PBMs reimburse pharmacies
________ based on the AWP multiplied by some factor, and pay a dispensing fee for each prescription.
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INventory Management
method used to ensure merchandise assortment is ideal.
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Pharmacists
are to record and keep records of their purchases and sales transactions.
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define inventory
the stock of medication a pharmacy keeps immediately on hand
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Scanned prescription
prompts offer for pharmacist counseling
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Scanned Schedule V drugs
prompts questioning for additional patient information
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Scanned nonprescription drug
adds sales tax
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Cash
Register computes amount of change, technician places large bills under change drawer, technician must be able to identify counterfeit bills
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Personal Checks
Write in drivers license information on check, verify amount of check and signature, check reader immediately access bank account and screens for insufficient funds, patient charger for insufficient funds
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Credit card
Type of loan paid off at the end of the month or finance charge accrues, patient may not need to sign a receipt if less than $50 charge
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Flex Cards
Medical credit card for prescription co-pays, and for prescribed OTCs
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Profit
business has more income than expenses
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Acquisition cost
amount pharmacy pays for drug from wholesaler
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Inventory
entire stock of pharmaceutical products on hand for sale at any given time in a community pharmacy
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Inventory Value
total value of drugs and merchandise in stock on a given day
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Purchasing
ordering products for use or sale by the pharmacy
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Computerized inventory control
software that automatically generated purchase orders when inventory drops to a minimum preset level aka PAR level
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Primary Wholesaler Purchasing
a pharmacy can contract with a wholesaler to be their primary supplier, pharmacy gets daily delivers, automatic online ordering
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Prime Vendor Purchasing
a pharmacy that uses 2 or more main suppliers can set up a prime vendor purchasing contract with one vendor to get a discount for high volume purchasing
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Just-in-time Purchasing
keep inventory costs to a minimum by maintaining low stock levels, and purchasing drugs in small quantities as needed frequent reordering
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Posting
process of reconciling invoice and updating inventory in pharmacy database after delivery
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Rotating Stock
when adding new stock bottles to shelf, put them in the back and the old ones in front
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Designated Manager
a pharmacist who is responsible for purchasing, receiving, storing, distributing, and disposing of drugs and medications in the pharmacy, including narcotics;
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Narcotic Signer
a pharmacist designated by the pharmacy to order and sign for narcotics
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Inventory
the stock of medication a pharmacy keeps immediately on hand
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INventory Management
method used to ensure merchandise assortment is ideal
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This means that all drugs are likely to br needed are both on hand and useable
that is not expired, damaged, contaminated, or otherwise made unfit for use
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AKA
stock-record card system
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inventory management
method used to ensure merchandise assortment is ideal
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Sole Proprietorship
Legally the owner and the proprietor are the same
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Partnership
formed by groups of two or more people who enter into a legal agreement
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Corporations
legal entity that exists with legal rights and privileges of an individual
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what pharmacy is independently owned community pharmacy affiliated with central office and pay fees to use a recognized name
Independant Banner store
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what type of pharmacy can Patients bring prescriptions to a remote kiosk where they speak with a pharmacist using a telephone receiver and webcam
Remote Dispensing Pharmacy
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what is posting
process of reconciling invoice and updating inventory in pharmacy database after delivery
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adjudication
online submissions of a claim to determine if eligible
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who is a plan member
Individual members who receive benefits under a plan- usually employees
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benefit
the drugs that the plan will reimburse costs for.
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claim
a demand to the insurer by the insured person for \n the payment of drug costs under a policy
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deductible
1. the amount that must be paid by the insured 2. before drug benefits become payable by the insurer.
1. Example: the first $200 each year
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what is a cap
the maximum amount the insurer will pay for medications in a specified time period. Plans may have a yearly cap or a lifetime cap.
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ERROR Messages from Blue Cross: Drug is a non-Benefit
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Flashcard (61)