Financial Management Series: Pharmacy Financials 101

This course provides a solid foundation for understanding and applying financial principles that are specific to the pharmacy sector.

Volume discounts available when you purchase 10 or more! For more information contact [email protected].

$50.00

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Description

Description:

This course helps pharmacists, pharmacy assistants, pharmacy technicians and pharmacy students gain an understanding of basic financial terms, documents, and processes important to the business operations of a community pharmacy dispensary.

Designed as an introductory level course, the content helps participants gain the knowledge to navigate the financial landscape of the pharmacy sector. Having financial competency enables greater participation in activities that support a healthy and thriving pharmacy business. Understanding the principles presented in this course can help staff members work more collaboratively with owners. This course can also serve as a stepping stone for pharmacy professionals wishing to move up in their organization and improve their value to the business.

Looking for more courses on this topic? Check out Financial Management Series: Dispensary Management.

Learning objectives:

By the end of this course, participants will be able to:

  • Discuss some of the factors that determine pharmacy profitability
  • Interpret a pharmacy income statement and balance sheet
  • Recognize and understand several common finance terms
  • Understand and apply effective inventory management
  • Demonstrate various ways to increase growth margin
  • Identify ways to reduce expenses to the business
  • Understand the role that pharmacy staff play in working in a successful business

Course outline:

  • Learning Modules (Part 1 & 2)
  • Program Evaluation

Course at a glance:

Who should take this course:

This course is recommended for pharmacists, registered pharmacy technicians, pharmacy students and pharmacy assistants who want to understand the basic tenets of financial management in community pharmacy.

Development Team:

Cancellation Policy:

Please refer to OPA’s Terms and Conditions of Purchase for cancellation policies.