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regulation Rules laws acts Formulary A list of drugs carried by a pharmacy or a list of drugs covered by a 3rd party insurance schedules lists Inventory Management The way stock is controlled to prevent shortages or overages Inventory Turn-Over The number of times specific items are replaced over a given time period Actual Acquisition Cost The dollar amount the pharmacy pays the manufacturer for the medication Mark-up The amount added to the cost (ACC) to arrive at the selling price Dispensing Fee A fee charged with each prescription written Selling Price The Price the pharmacy sells the medication. The price paid by the customer also suggested retail price or list price. Purchase Order An order form used to purchase items that a pharmacy needs for resale damaged stock, expired stock, tax, interest on loans These 4 things are considered to be inventory carrying costs Invoice Document from the seller to the buyer indicates products, quantities and prices Back ordered This is when items are not included in the order but will be shipped as soon as possible when they are available Waybill or Bill of Lading a shipping document from the carrier/courier Short Shipped This is when items are missing from the order but not back ordered. It is necessary to order these items again notified within 1-2 days If there are discrepancies the supplier must be.. correct product and quantity, any damaged items When receiving and unpacking stock a tech will verify..? first in first out FIFO medication error failure to rotate stock properly could result in a? refrigerated or frozen products These products must be received and unpackaged first to maintain the cold chain.. red pen Narcotics must be added into the registry with this 5 days a receipt must be sent to a wholesaler with ___ days when narcotics have been signed and dated by a pharmacist DIN, manufacturer, BRAND name, Pack size, form, strength, generic name, price These 8 things are needed for retail and maintaining the drug files Tender Contract for the supply of a product or service Hospital Formulary A list of selected products used in a hospital selected by the P&T committee Perpetual Inventory This uses the Point of Sale (POS) which is most accurate, effective and uses bar codes Improves the quality of patient care, decreases the cost of drug therapy These are two reasons formularies are used.. ENVIRX A program that assists in the collection and safe disposal of Rx drugs that have been returned to a pharmacy Reorder Points min/max system MSDS Material Safety Data Sheet WHMIS Workplace hazardous materials information system The food and drug act This controls the manufacturer, packaging, advertising and sale of drugs in Canada Food and Drug Act, Controlled Drug and Substances Act 2 Acts that form Drug Laws - Federal Legislation Acts Narcotic Control Regulations This was formed because diversion of narcotics is a problem through theft and illegal prescriptions Health Protection Branch of Health Canada ACT (laws) are administered by the Part-Fills These are the only types of refills allowed on narcotic prescription. This given because of terminal illness or debilitating illnesses Recording Receipt of Narcotics The name, quantity, date received, name and address of licensed dealer, hospital or pharmacy are need when.. Drugs FDA regulation Part C Controlled Drugs FDA regulation Part G causing dependency and abuse Drugs are scheduled under part G controlled drugs because they are Amphetamines, Barbituates, Anabolic Steroids Part 1, 2, and 3 of Schedule G Drugs Legend, Veterinary Part 1 and 2 of Part C Schedule F 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 Part G RX refills With these the doctor must indicate the total quantity and intervals for dispensing Benzo's and Other Targeted substances This Covers all benzo's except dozapine & olanzapine Part G RX filling These are recorded in the register, filed separately, kept for 3 years from last date and no transfers Benzo's and other targeted substances regulation, Narcotic Control Regulations 2 Regulations in the Controlled Drug and Substance Act Part 2: Verbal These contain 1 narcotic, contains 2 or more other products ex T3's Part 1: reportable/straight narcotics All parentarel use, single entity products, contains one of more narcotic hydrocodone, oxycodone, methadone Any Narcotics contains these 3 ingredients are straight/reportable narcotics Reportable/straight narcotics These need the sales record and can be part-filled Straight narcotic prescriptions triplicate RX, must be in writing,signed &dates, filed by rx#, kept a minimum of 3 years are all requirements of Narcotic Control Regulations These are in put in place because of abuse/addiction, drug tolerance and physical & psychological dependence Exempted Codeine Products Part 3 of Classifications of narcotics 8mg Part 3 exempted codeine products can contain no more than (solid form) 20mg/30ml Part 3 exempted codeine products can contain no more than (liquid form) Direct Order Entry This is a remote input device used when purchasing narcotics