Law and Inventory

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created 9 years ago by thebomb
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1

regulation

Rules

2

laws

acts

3

Formulary

A list of drugs carried by a pharmacy or a list of drugs covered by a 3rd party insurance

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schedules

lists

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Inventory Management

The way stock is controlled to prevent shortages or overages

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Inventory Turn-Over

The number of times specific items are replaced over a given time period

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Actual Acquisition Cost

The dollar amount the pharmacy pays the manufacturer for the medication

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Mark-up

The amount added to the cost (ACC) to arrive at the selling price

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Dispensing Fee

A fee charged with each prescription written

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Selling Price

The Price the pharmacy sells the medication. The price paid by the customer also suggested retail price or list price.

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Purchase Order

An order form used to purchase items that a pharmacy needs for resale

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damaged stock, expired stock, tax, interest on loans

These 4 things are considered to be inventory carrying costs

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Invoice

Document from the seller to the buyer indicates products, quantities and prices

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Back ordered

This is when items are not included in the order but will be shipped as soon as possible when they are available

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Waybill or Bill of Lading

a shipping document from the carrier/courier

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Short Shipped

This is when items are missing from the order but not back ordered. It is necessary to order these items again

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notified within 1-2 days

If there are discrepancies the supplier must be..

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correct product and quantity, any damaged items

When receiving and unpacking stock a tech will verify..?

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first in first out

FIFO

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medication error

failure to rotate stock properly could result in a?

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refrigerated or frozen products

These products must be received and unpackaged first to maintain the cold chain..

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red pen

Narcotics must be added into the registry with this

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5 days

a receipt must be sent to a wholesaler with ___ days when narcotics have been signed and dated by a pharmacist

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DIN, manufacturer, BRAND name, Pack size, form, strength, generic name, price

These 8 things are needed for retail and maintaining the drug files

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Tender

Contract for the supply of a product or service

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Hospital Formulary

A list of selected products used in a hospital selected by the P&T committee

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Perpetual Inventory

This uses the Point of Sale (POS) which is most accurate, effective and uses bar codes

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Improves the quality of patient care, decreases the cost of drug therapy

These are two reasons formularies are used..

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ENVIRX

A program that assists in the collection and safe disposal of Rx drugs that have been returned to a pharmacy

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Reorder Points

min/max system

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MSDS

Material Safety Data Sheet

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WHMIS

Workplace hazardous materials information system

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The food and drug act

This controls the manufacturer, packaging, advertising and sale of drugs in Canada

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Food and Drug Act, Controlled Drug and Substances Act

2 Acts that form Drug Laws - Federal Legislation Acts

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Narcotic Control Regulations

This was formed because diversion of narcotics is a problem through theft and illegal prescriptions

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Health Protection Branch of Health Canada

ACT (laws) are administered by the

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Part-Fills

These are the only types of refills allowed on narcotic prescription. This given because of terminal illness or debilitating illnesses

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Recording Receipt of Narcotics

The name, quantity, date received, name and address of licensed dealer, hospital or pharmacy are need when..

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Drugs

FDA regulation Part C

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Controlled Drugs

FDA regulation Part G

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causing dependency and abuse

Drugs are scheduled under part G controlled drugs because they are

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Amphetamines, Barbituates, Anabolic Steroids

Part 1, 2, and 3 of Schedule G Drugs

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Legend, Veterinary

Part 1 and 2 of Part C Schedule F

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Part G RX requirements

These are written,dated and signed by a doctor. If Verbal it's verified by a doctor. If it's faxed it's never trimmed

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Part G RX refills

With these the doctor must indicate the total quantity and intervals for dispensing

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Benzo's and Other Targeted substances

This Covers all benzo's except dozapine & olanzapine

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Part G RX filling

These are recorded in the register, filed separately, kept for 3 years from last date and no transfers

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Benzo's and other targeted substances regulation, Narcotic Control Regulations

2 Regulations in the Controlled Drug and Substance Act

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Part 2: Verbal

These contain 1 narcotic, contains 2 or more other products ex T3's

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Part 1: reportable/straight narcotics

All parentarel use, single entity products, contains one of more narcotic

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hydrocodone, oxycodone, methadone

Any Narcotics contains these 3 ingredients are straight/reportable narcotics

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Reportable/straight narcotics

These need the sales record and can be part-filled

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Straight narcotic prescriptions

triplicate RX, must be in writing,signed &dates, filed by rx#, kept a minimum of 3 years are all requirements of

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Narcotic Control Regulations

These are in put in place because of abuse/addiction, drug tolerance and physical & psychological dependence

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Exempted Codeine Products

Part 3 of Classifications of narcotics

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8mg

Part 3 exempted codeine products can contain no more than (solid form)

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20mg/30ml

Part 3 exempted codeine products can contain no more than (liquid form)

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Direct Order Entry

This is a remote input device used when purchasing narcotics