Financial Impacts and Constraints

Financial Impacts and Constraints
Imagine the world without hospitals. Additionally, imagine the world without medicine. The world would not be the same because people will die at a very young age. Medicine has kept many people healthy and has saved many lives. A close and happy relationship needed between pharmacies and hospitals. Medicine is very important in today’s society. Pharmacies help hospitals function daily so it is instrumental to its success; however, it can cause financial constraints for hospitals.
Effects of a pharmacy
Pharmacies make sure hospitals function on a daily. Pharmacy is a facility that exists to fill and dispense drugs and medications that prescribe by physicians or other caregivers (Langabeer, 2008). Pharmacists want to ensure they know what hospitals need and want so they are active participants in the health delivery process. Furthermore, pharmacists can help to improve the hospital’s efficacy, safety, and quality of medications on patient outcomes. The pharmacists can witness firsthand how the medicine affect people and make the proper changes needed to make the medication better. The effects of the pharmacies are clinical, organizational, operational, and financial.
Pharmacies are often one of the largest and most profitable departments in a hospital (Langabeer, 2008). Therefore, pharmacies have a huge effect on the hospitals and management will monitor this department closely. One of the biggest effects it has on hospitals is the money. The pharmacy contributes the hospital’s bottom line. Despite if the hospital is big or small; it could hinder the growth of the hospital if not ran efficiently.
The safety of the patient is the primary concern for health care facilities. The drugs have strict rules and regulations it has to follow so it could be on the market. The Food and Drug Administration regulate all drugs and compounding is not allowed. FDA states that traditional compounding typically occurs when an FDA-approved...