PHCY5613 Pharmacy Management and Pharmacoeconomics

6 points
(see Timetable)
Semester 2UWA (Perth)Face to face
The teaching philosophy of the unit seeks to create a diverse learning experience, which includes structured lectures, tutorial discussions and experiential learning. Lecturers include pharmacists, pharmacy business experts, hospital pharmacy leaders, and key external stakeholders. Together, they provide insight into management issues that are crucial for understanding pharmacy business operations.

Students are introduced to the structure and function of the Australian health system and the role pharmacy plays within it. A strong focus on pharmacy business management is delivered.

Pharmacy management topics relating to community pharmacy are delivered in the first part of the semester. Lectures focus on three key areas. The first area considers economic principles and climate in community pharmacy, federal policy relevant to medicines supply, Community Pharmacy Agreements and pharmacy business innovation. The second area considers practical and financial aspects of pharmacy business management; including human and financial management, pharmacy ownership and remuneration models, and the Quality Care in Pharmacy Program (QCPP). The third area provides insight into legal and ethical obligations for pharmacists, with a management focus. This includes an overview of privacy laws, negligence and legal responsibility, duty of care, and ethics in pharmacy practice.

Pharmacy management and pharmacoeconomics topics relating to the Australian health system and hospital pharmacy are delivered in the second half of the semester. Basic concepts of economic theory, resource allocation, methods of economic evaluation, and hospital pharmacy economics are delivered through lectures and tutorials.

This unit puts the practical matters of pharmacy operations into perspective, upon which the clinical practice of the profession can be achieved.
Students are able to (1) describe the Australian health system and the role for pharmacy within it; (2) explain the economic environment in which community pharmacy and hospital pharmacy operates; (3) understand policy initiatives in relation to the pharmaceutical sector and the influence of such initiatives on pharmacy business and practice; (4) describe human and financial resources and skills required for successful community pharmacy management; (5) understand the principles of financial accounting and pharmacy valuation when buying or selling a pharmacy; (6) discuss the basic concepts of economic theory; (7) compare methods of economic evaluation to determine the costs and outcomes of drug treatments and services; (8) demonstrate an understanding of the pharmacoeconomic basis for listing drugs and technologies on the Pharmaceutical Benefits Scheme, including the role of the Pharmaceutical Benefits Advisory Committee; (9) demonstrate a basic understanding of legal issues in pharmacy management; and (10) demonstrate an appreciation of ethical issues in pharmacy from a range of perspectives.
Typically this unit is assessed in the following ways: (1) business plan; (2) oral presentation; and (3) end of semester test. Further information is available in the unit outline.

Supplementary assessment is available in this unit in the case of a student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Unit Coordinator(s)
Dr Sandra Salter
Unit rules
Enrolment in the Master of Pharmacy
Contact hours
Lectures: 2 hours per week; Practical Classes: 1 hour per week

Kayne, S. B., ed. Pharmacy Business Management: Pharmaceutical Press 2005

Palmer, G. and Ho, M. T. Health Economics: a Critical and Global Analysis: Palgrave McMillan 2007

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