Who establishes the formulary for an institution?

What type of agreement is made between a pharmacy and a wholesaler in which the pharmacy agrees to purchase the majority of its product from that wholesaler?

Prime vendor agreement

A prime vendor agreement is between a pharmacy and a wholesaler in which the pharmacy agrees to purchase 90% to 95% of its medications from the wholesaler. The wholesaler in turn pro- vides the pharmacy with various resources to improve productivity. A purchase order is an order placed by a pharmacy to a wholesaler in which the pharmacy agrees to pay for the products being ordered.

How often must controlled substances be inventoried?

Every 2 years

The Controlled Substances Act requires that a pharmacy complete a biennial inventory of con- trolled substances every 2 years. A pharmacy’s policy and procedure manual may require an inventory of controlled substances be taken before 2 years.

What type of drug recall is associated with irreversible damage or death to an individual?

Class I

A class I drug recall may cause irreversible damage or death to an individual, a class II drug recall may cause reversible harm to an individual, and a class III drug recall does not harm an individual. There is no such thing as a class IV drug recall.

What is a lot number?

a unique number given to each drug during the manufacturing process

A lot number gives information about where and when the drug was manufactured. The incorrect answers are all information parts of the 10-digit National Drug Code (NDC).

What is par level?

the minimum amount of drug stock that should be kept on hand

Par levels are used as a way for pharmacy staff to know when it is time to reorder drug stock. The par level for some drugs may be when the drug's stock reaches one bottle on the shelf.

Who develops a formulary?

the hospital's Pharmacy and Therapeutics (P&T) Committee

The pharmacy manager/director may be involved with the P&T committee. The P&T committee will also include other hospital personnel.

What term refers the form used to order drugs or supplies from a wholesaler?

Want book

The “want book” is used to record medications that need to be reordered from a wholesaler.

What term refers to an inventory of controlled substances conducted every 2 years?

Biennial

A biennial inventory must be taken every 2 years according to the Controlled Substances Act.

How many classes of drug recalls are there?

3

There are 3 classes of drug recalls: Class 1 Recall, Class 2 Recall, and Class 3 Recall

Which of these is not required in pharmacy documentation logs?

the time prescriptions are dropped off

Documentation logs are meant to ensure the pharmacy and its equipment are running correctly.

Who monitors a drug's safety once it is approved?

the FDA

The FDA is the main organization that is responsible for monitoring continuing drug safety. The FDA has a program called MedWatch where patients can report problems with a drug.

Who establishes the formulary for an institution?

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