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3. Transparent Pricing of Private 4. Maintaining Accurate
Prescriptions Prescription Records
Pricing private prescriptions can be Keeping records of every supply
a complexed task, as there is no set of a prescription-only medicine
charge. It’s essential that pharmacies (POM) is a legal requirement. These
ensure their pricing reflects not just records can be maintained either in
the current cost of the medicine a paper book or electronically and
but also a fair dispensing fee that must include the date of supply,
acknowledges the expertise and the name, quantity, pharmaceutical
service provided. Many pharmacy form, and strength of the medicine,
systems are designed to calculate the date on the prescription, and
prices excluding VAT for items on the the names and addresses of both
prescription, but if your system lacks the practitioner and the patient.
this functionality, reach out to your For repeatable prescriptions, only
pharmacy providers to implement it. the date of supply and a reference
Additionally, pharmacies have the to the first supply entry need to be
flexibility to set a minimum charge recorded. Prescriptions should be
for all private prescriptions, which filed chronologically and retained for
can help establish a baseline two years from the date of supply.
value for your professional service. For Schedule 2 and 3 CDs, a copy
Understanding the pricing strategies of the prescription must be kept,
of other pharmacies in your area can and the original sent to the relevant
also help you remain competitive Pricing Authority at the end of the
while reinforcing the value of your month. Pharmacies will need their CD
offerings. Transparent and fair pricing PIN to complete the end of month
not only safeguards profitability but form which can be obtained from
also communicates the quality and their local CD accountable officer.
reliability of your service, building trust By maintaining accurate records,
and long-term loyalty among your pharmacies can ensure compliance
patients. with legal requirements and facilitate
efficient audits.
Download Numark SOP for
dispensing private prescriptions at
numarknet.com/resource/regulatory/dispensing-private-scripts-sop
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