There are several ways to determine a fair price to charge for a prescription.
dispensing fee paid by the patient =
= (cost of ingredients, supplies and equipment) + (pharmacy charge)
Type of Pharmacy Charge
Pharmacy Charge
percent markup
((percent) / 100) * (costs)
percent markup plus minimum professional fee
((percent) / 100) * (costs) + (minimum fee)
flat professional fee
(fee per prescription)
professional fee based on time spent
(time spent in hours) * (hourly rate)
where:
• The markup fee is intended to cover operational costs for running the pharmacy (electricity, heating, staff, taxes, etc.).
• Managed care organizations tend to squeeze the margins in small operations where there are fewer people to distribute the costs over.
To read more or access our algorithms and calculators, please log in or register.
Specialty: Pharmacology, clinical
