Pharmacy Management BIPH 5155

Course description:

This course deals with the basic concepts and links, between the different topics of, management and pharmacy. Managerial issues that pharmacists face including strategies, finance, accounting and systems.
 The course familiarizes the students with people working within pharmaceutical organizations and how to effectively manage them, how pharmaceutical organizations meet the challenges of today’s dynamic business environment and how companies compete successfully in the global market.

Course Aims:

Upon successful completion of this course, participants will be able to:
Discover a focus on the dynamics of business management in the context of a challenging and new work environment.
Understand the role of the high quality pharmaceutical care as well as minimizing the cost of health care.
Understand the basics of the business management concepts to be able to run and manage the projects.
Discuss regulatory affairs, pharmacy laws and ethics of healthcare and pharmacy profession.
Recognize the principles of drug promotion, sales and marketing, business administration, accounting and pharmacoeconomics.
Discuss management principles including financial and human resources.

Course outcomes:

Upon successful completion of this course students will be able to:  
  • Recall the basic principles of pharmaceutical, medical, social, behavioral, management, health & environmental sciences as well as pharmacy practice.
  • Apply management by objectives technique to facilitate planning process.
  •  Analyze different macro- and micro-environmental factors affecting forecasting annual drug orders for hospital or private pharmacy.
  • Prepare annual forecast for drugs for inventory, or annual revenue for a business 
  • .Analyze different factors affecting the cost of inventory within pharmacy or pharmaceutical manufacturing plants.
  • Prepare annual as well as monthly Economic order volume.
  • Prepare annual as well as economic production patch volume, within manufacturing plant.
  • Demonstrate creativity and time management abilities.
  • Demonstrate critical thinking, problem solving and decision-making abilities.
  • Work effectively in a team.
  • Develop financial, sales and market management skills.