Courses

PHM 637LEC Contemporary Pharmacy Management and Practice

The changing health care environment requires that pharmacists practicing in all settings become efficient and effective purveyors of pharmaceutical care. Pharmacists command high salaries and as a consequence are expected to manage a pharmacy's resources to maximize the potential of the corporation's or institution¿s employees, finances, inventory, and time to achieve the desired health and economic outcomes. Changes in pharmacy scope of practice, health care laws and reduction in reimbursement have mandated that all pharmacists, supervisors and staff alike, be well versed in business management techniques. This course will cover all aspects of pharmacy business management including, but not limited to, accounting and finance; human resource management issues; inventory pricing and control; marketing and promotion; leadership; advocacy; Medicaid and Medicare; time management and investments. Students will learn to apply these skills to successfully operate a pharmacy practice encompassing independent, chain, institution, ambulatory and consultant fields.