Financial Management for Pharmacists: A Decision-making ApproachThis comprehensive, clearly written textbook teaches pharmacy students and pharmacists the basics of financial accounting, management accounting, and finance, and equips them with the financial skills needed in pharmacy practice. The Third Edition has been thoroughly updated with new content and realistic problems that allow students to apply what they have learned. This edition presents examples from diverse practice settings, including HMO, hospital, and long-term care pharmacies. A new chapter explains how decision analysis can be used to assist and inform decision-making. The significantly revised pricing chapter provides additional consideration to demand and the interaction of unit costs, volume, demand, and price. |
Contents
IV | |
VI | 3 |
VII | 21 |
IX | 39 |
X | 51 |
XI | 75 |
XII | 97 |
XIII | 105 |
XVIII | 169 |
XIX | 183 |
XXI | 195 |
XXII | 207 |
XXIV | 227 |
XXV | 243 |
XXVI | 265 |
XXVII | 295 |
Common terms and phrases
Accounts payable accounts receivables adjusting entry amount antibiotic asset turnover assume average balance sheet bottles break-even calculated capital Caremed cash balance cash budget cash flow cash inflows cefaclor chapter common size statements community pharmacies contribution margin cost to dispense credit sales decision analysis decision tree decrease demand depreciation expense differential costs discount drug effectiveness ending inventory estimates example financial statements fixed assets fixed costs Flu-begone Flu-wonder formulary Geri-care Pharmacy gross margin hospital pharmacy income statement increase indicates indirect costs ingredient cost inventory turnover investment liabilities macy merchandise method month net income outcomes owner equity owner withdrawal participate patient days payments PD Consulting Service period phar pharmaceutical pharmacists pharmacoeconomic pharmacy's prescription department prescriptions dispensed problems profit purchase quality-adjusted ratio reimbursement result rimantadine shown in Figure sold taxes total cost treatment typical pharmacy variable costs variance