The difference between the prescription selling price and the prescription cost is called the
Net profit
Markup
Discount
Inventory turnover rate
Markup
Rationale: Markup is the difference between the prescription selling price and the prescription cost. This amount can vary widely between prescription medications and is largely based on the current popularity of medications.
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By the mid-1960s, which of the following was used to determine fair charges for physician services?
A. UCR B. Relative value unit C. DRG D. Fee schedules
What should be done with expired medications once they have been removed from the pharmacy shelves?
a. Flush them down the toilet so that nobody can accidentally dispense them. b. Mark them for credit and return them to the manufacturer. c. When the expired medications box is full, call the FDA medication disposal service to remove them. d. Mark them "Do Not Use" and burn them in a fire-safe disposal box.