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.
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Specialty: Pharmacology, clinical