Pbm Study guides, Class notes & Summaries

Chapter 4 PBMF, Exam Review Questions and answers. for-profit business - -A _______ business is an organization that generates revenue. not for profit organization - -A _________ exists to serve some public purpose. manufacturers - -_______ are businesses that use supplies from other producers to make products. wholesaler - -A business that purchases large quantities of products directly from producers and sells the products in smaller quantities to retailers is a ____________. retailer...

Define direct and indirect remuneration fees (DIR) fees and describe why they are controversial DIR fees are fees that pharmacies may see PBMs share outside of the administration fees that are generally collected after the point of sale - can be controversial because they often create a net loss for the dispensing pharmacy when the claim is processed thru Medicare part D What are the economic impacts of DIR fees on pharmacy reimbursement and overall revenue? DIR fees can create a loss in...

Giant Eagle Pharmacy Technician Qualification Exam Questions And Answers Graded A+ online adjudication resolution of coverage through communications of the pharmacy and insurer computers formulary a list of medications an insurance company pays for or charges less to the customer co-pay the amount a customer has to pay when getting a prescription filled on an insurance card pharmacy benefit managers (PBM) companies that administer drug benefits maximum allowable cost (MAC) the max...

The term "LASER" is an acronym for: - correct answer light amplification by stimulated emission of radiation The very first therapeutic laser (of any class) received 510k market clearance from the United States Food and Drug Administration (FDA) in _____.And the first class 4 therapy laser gained FDA clearance in _____. - correct answer 2002 , 2003 In the late 1960's he made the observation that the hair of shaved mice grew back more rapidly after exposure to low power laser light. ...

PBMF Final Exam Questions and answers, rated A+ Wise consumers always understand their needs & wants before they buy. - -true an example of fraud would be a salesperson telling a customer, "This is the best car on the market today." - -false class-action courts help consumers resolve cases involving small amounts of money - -false good money management begins with an understanding of your current financial status - -true items of value are called liabilities - -false a credit report ...

PBMF Chapter 3 Exam Questions and answers, rated A+ The ______ the competition, the _______ the price - -Lower, Higher Higher, Lower Name the type of economy where both the government and individuals make decisions about economic resources. - -Mixed Economy Name the type of economy where the government makes all the economic decisions for its citizens - -Command economy Name the type of economy where the individuals are free to make their own economic decisions - - Market Economy Nam...

PBMF Fall Semester Review, Questions and answers, graded A+ Activities provided for the satisfaction of others and consumed at the time of purchase are - wants Activities provided for the satisfaction of others and consumed at the time of purchase are - services A risk taker who uses resources in a new way to create a new product or service and start a business to earn a profit - entrepreneur Not having enough resources to satisfy every need - scarcity When making an economic choice, t...

PTCB Practice Exam 3 How much guaifenesin would you dispense for a 5-day supply if the prescription calls for "Guaifenesin 15 cc q 4 h po prn"? A.120 mL B. 180 mL C.450 mL D. 480 mL ️C.450 mL Which of the following abbreviations is not a route of administration? A. IM B. non rep C. po D. sl ️B. non rep Which of the following books would one refer to if he or she were instructed to compound a product and needed to find information on the proper process? A. Drug ...

Wellcare Exam (2024) || Complete Questions and Solutions (Rated A+) Wellcare Exam (2024) || Complete Questions and Solutions (Rated A+) Business Required Document (BRD) - ANSWER - written by business analyst (BA); created when new CMS regs come out, DTRR comes to us daily, read and apply Functional Specific Document (FSD) - ANSWER - detailed doc w/tables, names of files. etc. Accumulation Files - ANSWER - DSNP are excluded, MOOP accums sent daily to PBM, 9M layout format; outbound is a...

PBMF Ch. 11, Exam Questions and answers, rated A+ Bait and Switch - the practice of advertising one product with the intent of persuading customers to buy a more expensive item when they arrive in the store break-even point - The point at which revenue from sales equals the costs. Bulk-breaking - the process of separating a large quantity of goods into smaller quantities for resale Bundling - combines two or more services or products for one price. can reduce the overall price when com...