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Maximizing your profits with pharmacy control strategies
1Integrated Community Oncology Network, Jacksonville, FL, and 2Advanced Medical Specialties, Miami, FL
Pharmacy managers face ever increasing challenges in obtaining reimbursement and maximizing profits. Several strategies can help managers to achieve these goals. Business controls include reports such as reverse drug audits to verify correct billing and the calculation of drug costs as a percentage of gross drug revenue. Operational controls may include automated dispensing machines, staff auditors, and various techniques to manage inventory. Clinical controls might include manual tracking of drugs dispensed. Pricing controls include strategic use of utilization reports, weekly tracking of drug prices, listing of preferred vendors, and pursuit and tracking of rebates. Together, these strategies can maximize purchasing power and pharmaceutical profits.
| Commun Oncol 2005;2:498–500 | full text |  88 kb |