This website uses cookies to ensure you have the best experience. Learn more

Financial Effects And Constraints Essay

1336 words - 6 pages

The practice of pharmacy is a vital part of a complete health care system. The number of people requiring health care services has steadily increased, and this trend will likely continue. Due to many of society's changing social and health issues, men and women in pharmacy will face new challenges, expanded responsibilities, and an ever-increasing growth in opportunities.Some of these issues include increases in average life span and the increased incidence of chronic diseases; the increased complexity, number, and sophistication of medications and related products and devices; increased emphasis on primary and preventive health services, home health care, and long term care; and concerns ...view middle of the document...

In addition to direct, patient care involvement, pharmacists in hospitals are responsible for systems which control drug distribution and are designed to assure that each patient receives the appropriate medication, in the correct form and dosage, at the correct time. Hospital pharmacists maintain records on each patient, using them not only to fill medication orders but also to screen for drug allergies and adverse drug effects.Contemporary hospital pharmacy practice is composed of a number of highly specialized areas, including nuclear pharmacy, drug and poison information, and intravenous therapy. In addition, pharmacists provide specialized services in adult medicine, pediatrics, oncology, ambulatory care, and psychiatry. The nature and size of the hospital helps to determine the extent to which these specialized services are needed. Because of the diversity of activities involved in pharmacy departments, there is also an increasing demand for management expertise, including finance and budgeting, personnel administration, systems development, and planning.Approximately 38,000 registered pharmacist's work on a full- or part-time basis in hospitals or nursing homes. As hospital pharmacists continue to become more involved in providing patient-oriented services, the demand for practitioners in this area of pharmacy continues to grow. Recent years have also seen dramatic growth in pharmacy services in health maintenance organizations (HMO's) and related organizations that offer coordinated ambulatory care by a multidisciplinary staff of health professionals, including pharmacists. In this setting, pharmacists provide primary leadership in the development of both clinical and administrative systems that manage and improve the use of medications. (Carleton, T., 2008).With increasing operation costs, patient safety awareness, and a shortage of trained personnel, it is becoming increasingly important for hospital pharmacy management to make good operational decisions. In the case of hospital inpatient pharmacies, making decisions about staffing and work flow is difficult due to the complexity of the systems used and the variation in the orders to be filled. Pharmacy turnaround time is a crucial metric for patient safety and caregivers' satisfaction. Pharmacy management is under constant demand to reduce turnaround time. In order to help The Methodist Hospital Pharmacy Management make decisions about workflow, a team was created to analyze the impact of an alternate work process. The team examined the impact of the process and workflow changes on the amount of time medication orders take to be processed. The goal is to help the pharmacy management team find the best process and workflow to get medications to the patients as quickly as possible. Systems Thinking and Kaizen are used as tools to achieve that goal by using pharmacy staff effectively and make the process more efficient.The pharmacy division's initial goals for 2006-07 were to increase...

Other Essays On Financial Effects And Constraints

Role Of Reserve Bank Of Australia And Interest Rates

2010 words - 9 pages Definition of Interest RateAn interest rate is the percentage yield on a financial security or asset such as a loan, bond or savings deposit. A variety of interest rates exist in the economy because of differences in the risk, liquidity and maturity of various financial instruments or assets.Different Types Interest Rates (% per annum)Bank Current Deposit (at call) - 0.00%, June 2005Cash Rate Target - 5.50% (+0.25%), 2nd March 2005Banks Fixed

Information Technology: An Important And Successful Tool In Business Process Management Pro Gramme

2322 words - 10 pages really work, Harvard Business Review, 71(6), pp. 119-131.Hammer, M. (1990) Reengineering work: don't automate; obliterate, Harvard Business Review, 68(4), pp. 104-112.Huber, G. P., & W. H. Glick (Eds.) (2005). Organizational Change and Design. New York: Oxford University Press.Huselid, M. A. (2002). The Impact of Human Resource Management Practices on Turnover, Productivity, and Corporate Financial Performance. Academy of Management Journal, 38 (3

Discuss In Detail The Role Of Internal Auditing, Types Of Internal Auditing And How Internal Audits Add Value To An Organisation

3955 words - 16 pages the organisation as a whole to survive and thrive at a particular phase in development.The overall objective of internal audit is to act as a Consultant at all levels of management including cost centres in the effective discharge of its responsibilities by providing independent and confidential analysis, appraisal, advice and recommendations concerning the activities of appraising the relevance, reliability and integrity of management, financial


1456 words - 6 pages IntroductionFinancial statements are usually prepared by an entity to communicate information about its financial performance, position, cash flows, and movement of equity to users and help them make decision. A statement of accounting policies is specified with these statements to help users understand how the information is collected and make it understandable and useful. In this essay, the author will attempt to explain the importance of

The Effects Of Drug Abuse

1001 words - 5 pages friends do them. Some people get addicted to drugs on accident, for instance a football may be in a situation where they are in a lot of pain from strain from the physical sport that they participate in and they may start taking pain killers and simply get addicted like that. Some athletes may start to use steroids to get an extra edge on their opponent. No matter what the drug or what the reason for taking them the effects could become very

Applied Research

5284 words - 22 pages strength resins for paper), and pharmaceuticals (such as new formulations of over-the-counter vitamins and prescription antiarthritics). This site also enabled us to focus on R&D, a particularly tenuous phase of product development that requires considerable creativity and experimentation within clear time and budgetary constraints. The firm had strong competencies in manufacturing, but it was deeply concerned with improving the management

Financial System: Riordan Manufacturing

3181 words - 13 pages and fulfillment.SYSPRO - Requirement Planning has a price range from $15,000 - $85,000, with the ability to perform on Windows NT, Windows2000, Novell Netware and UNIX. This system creates realistic purchasing and production schedules, optimize stock holdings and identify capacity constraints in a multi site, multi-warehouse environment. They also produce financial statements from this system.SAP is a fully integrated product, created through a

Human Resource Management VS Organisational Change

5213 words - 21 pages business, or stage of development, companies have to cope with the dynamics of flux and instability, and business success depends on the ability of an organisation to be flexible and resilient (Schomer, 2002). Several factors drive organisational change; including costs, market competition and share, financial disasters, declining revenue and profits and technology (Gilley and Maycunich, 2000). Businesses have to deal with multiple changes at the same

Equity, Cash Flow And Notes Analysis

2534 words - 11 pages Chico's FAS, INCAnalysis of Equity, Cash Flows, Notes to Financial Information and Other Financial information Report to Scott Edmonds President and CEOChico's FAS, Inc. (NYSE: CHS) is a retailer of high-end women's apparel designs, sources and retails unique brands of trendy women's sophisticated and casual fashion Chico's started in 1983, after the acquisition of White House / Black Market in 2003 they have over 571 stores in 46 states

The Causes And Consequences Of Rain Drain In Third World Countries

1385 words - 6 pages how to get rid of it or at least keep it as minimal as possible is not an easy task, therefore, it should concern African governments more than anytime ever. Ancient migration history reminds us that not all forms of economic interaction among different societies are necessarily beneficial. Globalization by itself is a modern way of movements of people (whether skilled or not), goods, services, technologies, and physical and financial assets from

Project Management

3574 words - 15 pages against the issues that lead to value clashes rather than deal with the effects of the clashes. In other words, the idiom "prevention is better than cure" applies.Project as a system: is made up of people BibliographyUniversity of South Africa. Department of Business Management. 2005. Study guide for PRJEK-H. Pretoria.Nicholas, JM. 2001. Project management for by business and engineering: principles and practice. 2nd edition. New Jersey

Similar Papers

Financial Liberalization Essay

8415 words - 34 pages liberalization and economic growth, the causal relationship between financial development and economic growth has been very controversial and, therefore, remains an empirical rather than a theoretical construct. Elijah Udoh (1970-2008) presents that policy directed at interest rate liberalization is relevant for financial depth, and financial depth in turn affects economic growth, through its effects on investment. Kevin Greenidge and Alvon Moore

Using The Ad As Model, Explain The Possible Effects Of A Sustained Appreciation Of The Local Currency On The Government's Macroeconomic Objective

930 words - 4 pages also improve external balance and levels of employment and growth as well as the Australia's level of foreign debt after the implementation of deregulation of the financial system. This side of management not only increase potential output but it also improve the standards of living over time as shown in the production possibilities curve below.By weighing the effects of the demand and supply management policy to boost the level of economic

Strategic Leadership Essay

3463 words - 14 pages Financial Market Analysis FINC20007 Financial Market Analysis FINC20007 Executive summaryThis report presents discussion about the global financial crisis effect on highly globalised financial markets. It is representing the globalization and integration of financial markets, financial crisis, effects overview, critically analyzing the effects of financial crisis and finally remedial action. The conclusion of the essay clarifies some key points

Budgetary Collective Action Problems: Convergence Essay

459 words - 2 pages Read the article, “Budgetary Collective Action Problems: Convergence and Compliance under the Mastricht Treaty on European Union”. Be prepared to discuss. 6. Discuss, give examples of, the problem of compliance in budgeting in the United States. There has been a problem of compliance in budgeting in the United States where political actors and administrators often seek to evade or manipulate budgetary laws and constraints. In the United