Heco- Economics Applied to Pharmacy Practice 1

8/22/2019 Heco- Economics Applied to Pharmacy Practice 1

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ECONOMICSAPPLIED TO PHARMACY

PRACTICE


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INPUTRESOURCES

OUTPUT

Goods

And

Services

NEEDSWANTS

DEMANDS


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OUTPUT

DRUG PRODUCT


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OUTPUT SERVICES

Community

Pharmacy


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PROFI

T

TYPICAL COMMUNITYPHARMACY OUTPUT


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Output SERVICES

HOSPITAL

PHARMACY


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PR

OFIT

TYPICAL HOSPITAL

PHARMACY OUTPUT


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Factors Affecting DrugDelivery of Pharmacy Products

and Services


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1. Patient Demographic

Factors


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2. Attitudes and Beliefs

System


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3. Third Party Payers


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4. Competitive Market


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5. Technology


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Pharmacoeconomics

1.Determine optimal mix of labor andcapital

2.Determine optimal output

3.Determine optimal hours of businessoperation

4.Determine levels of investment intorisk management


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10 Important Decisions under

Management

Designing goodsand services

Managing quality Process strategies

Location strategies

Lay out strategies

Human resource

Scheduling strategies

Supply chain strategies Inventory management

Maintenance


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1.Designing Goods and Services


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2. Managing QualityCompoundPrescription Quality Product


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3. Process Strategies

STEPSPerformed

DuringOperations

EfficiencyGood

ServicesProfitability


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4. Location Strategy


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5. Pharmacy Layout


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6. Human Resource


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7. Scheduling Strategy


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8. Supply chain management


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9.Inventory management


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10. Maintenance Strategy

EFFICIENTPRODUCTIONOF

GOODSSERVICES

P

ROFIT


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Ensuring Quality in PharmacyOperations

Quality of Care is the degree towhich health services for individuals

and populations increase thelikelihood of desired healthoutcomes and care consistent withcurrent professional knowledge


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Quality in Pharmacy Practice

1.Represent degree of excellence

2.Increases the probability of positive outcomes

3.Decreases the probability of negative

outcomes4.Corresponds with current medical knowledge

5.Offers the patient what he wants

6.Provides the patients with what he needs


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How is Quality Measured

1.Structure

2.Process

3.Outcomes


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Different Ways to LookOutcomes

E

C

H

O

M o d e l


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A.Economical Outcomes

@ include direct costs andconsequences

@ include indirect cost andconsequences

@ both medical and nonmedical


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B.Clinical Outcomes

@ include morbidity andmortality, event rates, andsymptoms resolution

C. Humanistic Outcomes

@ measures of the human

aspects of care - HRQoL


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Methods for Ensuring Quality

in Pharmacy Practice1.Quality Assurance (QA)


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Methods for Ensuring Qualityin Pharmacy Practice

2. Quality Control (QC)


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Methods for Ensuring Qualityin Pharmacy Practice

3.Continuous QualityImprovement (CQI)


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2 Important Ideas that

Trascend QA and QC1.CQI represents total systemperspective concerning quality

2.CQI demands that the qualityimprovement process is continuous

Heco- Economics Applied to Pharmacy Practice 1

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