Chapter 13; business management

Question 1

community pharmacists

Answer 1

stand-alone business that fill prescriptions as well as nonprescription products for ambulatory patients

Question 2

home health pharmacy

Answer 2

pharmacies that are based away from hospital sites and not open to the public, couriers deliver the medications to the home health clients

Question 3

impatient pharmacy:

Answer 3

pharmacy located in a hospital where patients stay overnight or longer; have a wider range of stock than outpatient pharmacies because they provide the specific medication and supplies for every department in the hospital

Question 4

mail-order pharmacy

Answer 4

large distribution pharmacies that dispense medication through the mail

Question 5

managed care pharmacy

Answer 5

operate much like a community or other ambulatory care pharmacies, but carry only drugs that are on the organizations formulary and serve only patients covered on their plan

Question 6

outpatient pharmacy

Answer 6

a pharmacy that is not connected with a hospital

Question 7

pharmaceutical business:

Answer 7

merges the fields of healthcare and business, combing the key elements of pharmaceutical-science and pharmaceutical-marketing programs

Question 8

pharmaceutical companies

Answer 8

specialize in the research, development, and marketing of medicines

Question 9

pharmaceuticals manufacturers

Answer 9

take raw materials and process them into finished medicines ready for the consumer

Question 10

policy

Answer 10

a high-level, overall plan, and a definite course or method of action selected from among alternatives

Question 11

procedure

Answer 11

a traditional or standard way of doing things

Question 12

third-party programs

Answer 12

insurance or entitlement programs that reimburse the pharmacy for products delivered and services rendered