Learning Objective

• Different methods used for calculating the price of a prescription

The pharmacist should effectively manage the financial aspects of his/her practice. Each pharmacy should have a method for pricing prescriptions, which is applied by every pharmacist practicing in that pharmacy. A pricing method that ensures profitable operation of the prescription department should be established.

The cost applied to the prescription should cover the following:

1. Cost of ingredients, including the container and label
2. The time devoted by the pharmacist
3. Cost of inventory maintenance and other operational costs of the department
4. A reasonable margin of profit on investment