Effective dispensary stock management and generic substitution

Medication shortages are an increasing problem for community pharmacy.

In 2019, more than 5,800 medicines were reported to the Therapeutic Goods Administration’s medicine shortages notification register, indicating a large increase from the previous year. The current COVID-19 crisis has also put a focus on medicines shortages

Running out of stock of a dispensary item depletes patient care, and costs more than just the income from a prescription. If a pharmacy can’t give the customer what they want, it can erode the trust that consumers have in the business. In its 2019 report into the pharmacy industry, IBISWorld identified the ability to control stock on hand as one of the six key success factors for community pharmacies.

To help pharmacies better manage their dispensary stock, Guild Learning and Development has partnered with Mylan in the development of a new online module titled Effective dispensary stock management and generic substitution.

The module provides pharmacists with practical steps to improve their stocktake process, cycle stock control, and addresses how to use data to minimise the impact of medicine shortages. Strategies for improving generic substitution rates are also discussed.

This activity has been accredited for 1 hours of Group 1 CPD (or 1 CPD credits) suitable for inclusion in an individual pharmacist’s CPD plan which can be converted to 1 hours of Group 2 CPD (or 2 CPD credits) upon successful completion of relevant assessment activities.

To enrol in this course please visit guilded.guild.org.au

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