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Pharmacy Management Benefits by Robin Parker





Article Author Biography
Pharmacy Management Benefits by
Article Posted: 08/23/2013
Article Views: 37
Articles Written: 11
Word Count: 610
Article Votes: 0
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Pharmacy Management Benefits


 
Health
employer sponsored health insurance, management in health care ohio, healthcare columbus oh and more. ">Pharmacy management involves a combination of various skills. These include marketing management, account management, sales and stock, staff management and customer service. Being responsible for the entire retail space, the retail pharmacy managers must have these qualities and skills to run a business successfully. The following are some of the departments that a retail pharmacy manager is responsible for:

Staff management: One of the most important responsibilities of retail pharmacy managers is people management. The staff may range from pharmacy techs and licensed pharmacists to stock help and part-time register. And pharmacy managers are responsible for creating work schedule for all these staff members. He or she must ensure that the licensed pharmacist is always on the schedule and present in the store at all times otherwise the store cannot open legally. In case of illness or absence, the store manager must arrange a fill-in immediately. However, often time, pharmacy department have separate roll-down gates, which can remain locked even though the other part of the store remains open. In that case, the pharmacy can operate without having the pharmacist present in the store.

Finance management: As mentioned, one of the tasks of pharmacy managers involves managing accounts. The need to keep a record of supplier payments, third-party insurance payments and other peripherals involved. They must tally all the expenses and sales figures on a daily basis. Besides, the expenses must be compared to ensure a regular flow of money. They must also take care of the accounts that different due dates and keep the financial record in control at all times. Pharmacies are usually paid by third-party insurance companies for all the prescription medication that they dispense. Such payments are made on monthly basis and pharmacy managers need to check them properly for accuracy and shortcomings (if any) against the month’s prescription log.

RX: Pharmacy managers must order prescription drugs, sharps, insulin and other controlled items on a regular basis to ensure the smooth flow of stock. In general, it is two deliveries per day for most of the drug supply companies. The second delivery of the day is to ensure that pharmacy stores can dispense the drugs/ replacement drugs on the very same day when the supply is completely out or low. Pharmacy managers must also make sure that they have a stock of over the counter items as such medicines generally make more business than prescription drug dispensary.

Marketing management: This is a significant role played by the independent pharmacy managers. They need to draft special marketing campaigns and carry them out. The manage is best suited to deal with the entire promotional management as he or she is completely aware of the wholesale cost of each item the store sells and items that are popular and those which are not. They also know the consumers behavior shopping at the store. All these insights help them to create better marketing campaigns including the planning of general advertisements, flyer creation, and special pricing etc.

Simplifi offers innovative pharmacy benefit management plan options, customized formularies and integrated information systems to manage the cost and utilization of prescription drugs and improve the value of your plan’s drug benefits. In addition, the company can help coordinate care and identify chronic disease conditions for early intervention to achieve even more savings.

Robin Parker is a healthcare expert with years of experience in health care and benefit services. Presently, he writes on various topics, especially about strategic healthcare management, health care strategic management, employer sponsored health insurance, management in health care ohio, healthcare columbus oh and more.

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