Financial Management for Health-System Pharmacists

Financial Management for Health-System Pharmacists

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In an era of skyrocketing drug costs, changing reimbursement, pharmacist and technician shortages, and a seemingly permanent qdo-more-for-lessq era of hospital and health-system management, every management decision that a pharmacy manager makes has financial implications. Success as a manager means understanding - and then mastering - the basics of finance and accounting as practiced in institutional health care. Financial Management for Heath-System Pharmacists provides pharmacy managers with a set of fundamental financial management tools as they relate not only to pharmacy department management, but to the management of the hospital and health care system. Chapters include information on: * Financial accounting principles * Hospital financial management * Budgeting principles * Forecasting pharmaceutical expenditures * Cost management basics * Controlling operating resultsThe steps delineated in the diagram are explained as follows: 1. ... Your plans may only address the pharmacy but should still point in the same direction and timeframe as the organizationa#39;s plans. ... There are several questions to answer before setting off on our strategic financial planning project: Where are we at from theanbsp;...

Title:Financial Management for Health-System Pharmacists
Author:Andrew L. Wilson
Publisher:ASHP - 2008-09-30


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