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Professional Practice > Quiz 2 > Flashcards

Quiz 2 Flashcards

1
Q

Economics

A

Study of how individuals and societies allocate limited resources in attempts to satisfy unlimited wants

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2
Q

Health Economics

A

Study of how resources are allocated to and within health sector

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3
Q

Relevance of Health Economics (4)

A

-Size of contribution of health sector to economy
-Share of personal income spend on health care
-Number of jobs in health sector
-Capital investment

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4
Q

Size of contribution of health sector to economy

A

Share of nation’s GDP is large

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5
Q

Characteristics of a Perfect Market (4)

A

-Many buyers and sellers
-Freedom of entry and exit
-Standardized products
-Full and free information

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6
Q

Many buyers and sellers

A

Firms are price takers

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7
Q

Freedom of entry and exit

A

To stimulate competition

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8
Q

Standardized products

A

Products are similar and interchangeable
Ex. Gasoline

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9
Q

Full and free information

A

Customers can compare products

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10
Q

Imperfect Market Characteristics

A

Will be labeled by IM

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11
Q

Less number of buyers and sellers (IM)

A

Geographic and specialty area
-Shortage of primary care physicians
-Consolidation of organization

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12
Q

High barriers to entry and exit from markets (IM)

A

Career in health care - Education & literature
Pharmaceutical companies - R&D
High capital investments in hospitals

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13
Q

Variation in products, services, & quality (IM)

A

Health care is customized for individual patients

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14
Q

Unavailability of full and free information (IM)

A

Patients do not have complete information

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15
Q

Inelastic Demand (IM)

A

Small increase in price does not reduce demand
-Patients are not price sensitive

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16
Q

Unpredictability of Illness (IM)

A

Cannot predict who will need care and when

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17
Q

Prominence of Insurance (IM)

A

Consumers not paying directly for full healthcare costs
-Influences both provider and consumer behavior

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18
Q

Supplier Induced Demand (IM)

A

Increased utilization of services

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19
Q

Health care as a “right” (IM)

A

Feeling concern for poor health of another individual

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20
Q

Patient

A

Individual under care of a physician
Passive vs. Active

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21
Q

Medical Model

A

Absence of illness or disease

22
Q

WHO (World Health Organization)

A

Health is a state of complete physical, mental, and social wellbeing

23
Q

Holistic Approach

A

Added spiritual dimension

24
Q

Illness

A

Person’s own perceptions and evaluations of how feeling

25
Q

Disease

A

Medical professional’s evaluation
Disease and illness not the same
Can have one or the other or both

26
Q

Drugs

A

Substances that produce a change in cellular or physiological functioning of humans

27
Q

Remedy

A

When healing occurs

28
Q

Poison

A

When there is adverse/unwanted effects

29
Q

Charm

A

Magical properties

30
Q

Physicians & Pharmaceutical Companies

A

Biochemical activity of drug

31
Q

Consumers

A

Beliefs, experiences, social context

32
Q

Activity Passivity Model

A

Active practitioner and passive patient
Parents with infant child
Emergency situations

33
Q

Guidance - Cooperation Model

A

Patient is actively involved in relationship
Parents and adolescent child
Acute care situations

34
Q

Mutual Participation Model

A

Patient and practitioner equally interdependent
Two adults
Chronic condition situations

35
Q

Patient-Centered Model of Care

A

Focus shifts from just body to person as a whole
View illness through patient’s eyes

36
Q

Health Belief Model Modifying Factors

A

Age, gender, location, education, ethnicity, etc.

37
Q

Health Belief Model Individual Beliefs

A

Perceived susceptibility, severity of disease, benefits of preventative action, self-efficacy

38
Q

Health Belief Model Actions

A

Individual behaviors
Cues to action

39
Q

Pharmacy Workflow Step One

A

Drop off prescription

40
Q

Pharmacy Workflow Step Two

A

Input prescription into patient profile
Most mistakes made here

41
Q

Pharmacy Workflow Step Three

A

Filling prescription
Counted/poured/labeled

42
Q

Pharmacy Workflow Step Four

A

Verifying prescription
Fixing mistakes

43
Q

Pharmacy Workflow Step Five

A

Pickup prescriptions
Patient pays for it

44
Q

Pharmacy Workflow Step Six

A

Consultation
Questions about medications

45
Q

Pharmacy Metrics

A

Measure overall health and success of business

46
Q

Prescriptions per day

A

Dividing number of prescriptions filled in month by # of business days
-Busiest days

47
Q

Average Daily Rx Revenue

A

Dividing total revenue in month by business days
-Should be increasing

48
Q

Refills vs. New Prescriptions

A

Refills - repeat customers
New- growing customer base

49
Q

Average price and margin

A

Dividing total Rx revenue by # of prescriptions in day or month
-Higher price or margin is better

50
Q

Cash Prescription

A

Not billed to insurance company
Payed for in full
More valuable customers

51
Q

Brand Vs. Generic

A

Owners have more control over what they pay for generics and discounts

52
Q

Top Performing Prescribers

A

How many prescriptions filled from each doctor
Growing good relationships

Professional Practice (2 decks)

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