Inventory is a common responsibility for pharmacy technicians. This is especially so in retail pharmacy, but also occasionally in health centres and hospitals. Inventory can be a challenging task, as it demands that adequate levels of stock be kept to serve patients, while minimizing excess or unnecessary stock. Properly managed inventory keeps patients safe, prevents waste and manages costs.

With the right management systems and use of technology, inventory can be kept balanced and organized. When everything is in order, pharmacy operations run smoothly and patients are able to access the medications that they need. Read on for some of the ways you can master inventory in your career!

Using Perpetual Inventory Systems When You Become a Pharmacy Technician

A perpetual inventory system keeps constant track of inventory. This is as opposed to a periodic system, which only occasionally counts inventory. Computerized perpetual inventory systems are very common, as they’re able to track turnover continuously and predict what drugs will be needed and when. These systems are also able to notify you and other staff members of errors that pop up, or automatically order medication according to programmed reorder times.

Mastering this technology will help lower your own work load and that of the entire staff. A computerized system can work with portable devices and acts as a second opinion, double checking amounts and needs before you have to. When you become a pharmacy technician, you will have responsibilities like taking prescriptions, labelling, giving instructions and processing payments. With a perpetual inventory system you can make these responsibilities go by much more quickly and efficiently.

Learn Turnover Rates and Expiry Dates after Pharmacy Technician College Courses

An inventory turnover rate is calculated by dividing the cost of goods sold by the average inventory. Failing to keep track of turnover rates in any industry will affect efficiency and profit, but in pharmaceuticals, it can also mean that patients don’t get the medications they need. This is a serious issue, so it’s important that you keep an eye on it.  Factors affecting turnover rates of drugs include location and time of year. For example, as a student in a pharmacy technician diploma program, you probably know that during flu and cold season in Canada, flu and cold medicine is in high demand. Similarly, a pharmacy located next to a pain clinic will experience faster turnover for pain medications.

Expiration dates are an important consideration in managing inventory, as ordering too much of something can mean that your stock expires before it is sold. Medications have specific expirations that you’ll need to be aware of in order to increase revenue and keep patients safe. For example, epinephrine generally expires after 1 year, so it must be ordered carefully with that in mind.

Understand the Pharmacy Revenue Cycle to Better Manage Inventory

The pharmacy revenue cycle is the step-by-step process that ensures patients and providers are billed properly so that the pharmacy generates revenue. It consists of such things as patient access, clinical documentation, coding, billing, denial management and reimbursement. By optimizing this cycle, pharmacies can potentially increase their revenue.

Improving data integrity and eliminating errors, for example, help optimize the cycle. Keeping accurate billing data, medication codes, and receipts also help prevent transactions from falling through the cracks. By reducing errors during the revenue cycle, you also help pharmacies better track inventory. Because you’ll complete a pharmacy placement during your pharmacy technician program, you’ll have the experience to help ensure errors are kept to a minimum.

Are you interested in a pharmacy technician college course?

Contact KLC College for more information!

Pharmacy technicians play an essential role in helping pharmacies meet the important and varied medicinal needs of their patients. Responsible for the technical aspects of both new and refill prescriptions, they ensure that each patient, dosage form, dose, and doctor is properly recorded and that prescriptions are quickly and accurately filled.

Pharmacy technicians prepare prescription products by compounding, counting, measuring, and labelling. They gather patient information for the pharmacist to review, and sometimes perform routine data entry. For many people, being a pharmaceutical technician offers a deeply rewarding career path, performing a valuable and necessary service for pharmacies and their customers.

If you’re considering training for a new career as a pharmacy technician, you might be wondering what kind of skills and qualities would make you suited for the role. Here are five of the most important.

Pharmacy Technicians Depend on Good Communication Skills

Communication skills are very important for pharmacy technicians. In any situation where medications are being dispensed, having strong written and verbal communication skills can be essential in ensuring that people are taking the correct amounts of the right medications, and that they have all the information they need to do so safely. Whether speaking with pharmacists or other co-workers, pharmacy technicians need to know that they’re being understood.

Attention to Detail is Important When You Become a Pharmacy Technician

Attention to detail is one of the most important skills to have for anyone working with medications. When they’re updating patient records, preparing prescriptions, counting out tablets, and labelling medications, pharmacy technicians need to make sure that they pay attention to every detail. If you enjoy detail-oriented tasks and often find yourself double- or triple-checking your own work, then you might just excel in a pharmacy technician college course.

Strong Math Skills Will Come in Useful

Many of the common tasks performed by pharmacy assistants, such as rationing medications and converting measurements, involve working with numbers. While pharmacy technicians don’t need to be math-whizzes, at least some degree of mathematical aptitude will be very helpful in ensuring the accuracy of customers’ medications and doses.

Computer Skills Will be Helpful in Your Career

Like many jobs today, pharmacy technicians can expect to use computers regularly during their day-to-day work. When you become a pharmacy technician, you’ll use special computer programs to keep track of important, and often highly sensitive, information, like patient histories and current prescriptions, as well as details regarding the composition of specific medications, so some familiarity with computers will come in handy.

Pharmacy Technicians Need to Stay Well-Organized

The work of a pharmacy technician can be fast-paced at times. Having strong organizational skills will go a long way in staying on top of the various tasks you’ve been assigned and making sure that each customer receives the correct prescription. If you enjoy multi-tasking, excel at managing your own time, and are able to stay organized even when things get hectic, then these skills will serve you well as a pharmacy technician.

Are you interested in training for a career as a pharmacy technician?

Contact KLC College to learn more about our pharmacy technician diploma program.

Medication relies on accuracy. It must be taken by the right patient in the right way at the right time in order to have the desired effect. Mistakenly taking the wrong or ineffective medication can cause a variety of complications, ranging from mild to serious and even life-threatening. In the United States alone, there are a possible 1.5 million preventable adverse drug effects (ADEs) every year, with medication-related events being the most common.

Pharmacy technicians play a major role in ensuring the safety of their clients, and should follow the guidelines and systems in place when preparing and serving prescriptions. Here are a few common mistakes to keep in mind to avoid any potential ADEs.

Pay Attention to Abbreviations

Abbreviations are a useful way of providing shorthand information quickly, but also have a potential risk for error, as they can be ambiguous or misunderstood, especially when handwritten. The use of non-universal or untraditional abbreviations may not be understood the same way between two people, and new drugs in particular can be misread as a different product.

When filing or entering a new drug alert, students in a pharmacy technician college course should be sure to include medication interactions, duplications, and other clinical warnings before the information is relayed to the leading pharmacist.

Pharmacy Technician Diploma Program Grads Should Be Aware of Medication Mix-Ups

Human error is to be expected in any profession, but for pharmaceuticals it can carry more serious consequences. Misreading the handwriting or abbreviations on a label can greatly affect a client’s health as well as the reputation of the pharmacy itself, and graduates of a pharmacy technician diploma program should instead take the necessary time to ensure their information is correct and avoid potential mistakes.

Be aware of lookalike labels to avoid giving incorrect medication

Filling and dispensing the wrong prescription can be worsened by what is known as confirmation bias, which means something is chosen because it is familiar or expected, rather than relevant to the actual information. For instance, the shape, size, or color of the container is mistaken for a similar product, and is thusly passed onto the client.

In order to prevent a mix-up of lookalike medications, try to keep the prescriptions physically separate from one another, and try to keep similar products distinct. A second identifier may be necessary at the point of sale to verify the correct medication is being dispensed. Additionally, bar code technology can be used, and a quick label scan can cut down on human error and save on later complications.

Stay Informed and Regularly Update Patient Profiles

One of the more serious mistakes a pharmacy technician can make is simply failing to recognize or inquire about other medications the patient may be taking. The process of the prescribed medication may be disrupted with the introduction of certain drugs, thus making the prescription less effective or even rendered totally ineffective. To avoid more serious consequences, stay regularly updated on a patient’s medical information, as well as any major health events, especially in regards to pregnancy.

Patient lifestyle changes can affect treatments and medication options

Avoid Mistaken Identity After Your Pharmacy Technician College Course

As mentioned before, a career in the pharmaceutical industry places a heavy emphasis on detail. One of the more common mistakes involving a prescription drop-off is simply administering medication to the wrong client, typically someone with a similar last name.

As clients do not often remember to check labels before taking their medication, pharmacy technicians assume most of the responsibility to ensure they are given the correct prescription. To avoid a potential misidentification, ask for specific information such as the patient’s address or date of birth, and check this information on the prescription receipt or vial.

Do you want to become a pharmacy technician?

Contact KLC College for more information!

For those looking to undertake an exciting and fulfilling career, getting trained to be a pharmacy technician could be a great decision. A great pharmacy technician program will give you the skills and industry expertise you’ll need to grow and thrive in this role, as well as the technical competencies expected of pharmacy technicians by the National Association of Pharmacy Regulatory Authorities (NAPRA), with an emphasis on drug distribution systems, collaboration, safety and quality.

Are you curious about the industry expertise an excellent pharmacy technician program can impart to you? Read on to find out more!

Grads of Pharmacy Technician Courses Will Gain Comprehensive Drug Distribution Skills

One of the principal skills a pharmacy technician needs is a thorough knowledge of how to properly use and maintain various drug distribution systems, such as medication carts, infusion pumps, and automated dispensing units. With a great pharmacy technician program, students will receive plenty of instruction on how to effectively operate this equipment, as well as best practices for sterile preparations.

Some healthcare colleges also offer clinical placements which place the student into an actual work environment to receive hands-on training. There, students will be able to practice and master using these systems in the real world so that they will know exactly how and when to operate them when they become a pharmacy technician. Graduates will also learn how to appropriately prepare prescriptions, and how to cut, pack, weigh and calculate dosages in accordance with the pharmacist’s instructions.

Pharmacy Technician Diploma Programs Prepare Pros to Help Manage Their Workplace

Another important duty of a pharmacy technician is making sure that their workplace is well-managed. Pharmacy technicians will often need to make sure that drugs are properly stored, such as chilling certain drugs in a fridge, both so that they can prevent them from perishing and to ensure that they are safe for patients to use. Pharmacy technicians also need to check their stock frequently to discard any medications that have become expired, and remove any drugs that have been recalled or no longer comply with health legislation.

Students in a pharmacy technician college course will also gain expertise in recognizing and addressing safety risks. For example, if a piece of pharmacy equipment was in danger of injuring a colleague, the technician would report that to the pharmacist. Additionally, they may need to work alongside the pharmacist to appropriately document the safety hazard, and help brainstorm different ways that those types of risks can be prevented.

Graduates of Pharmacy Technician Programs Become Expert Collaborators

Pharmacy technicians do much more than work alone in the stock room. Over the course of their day, they will need to work closely with pharmacists and pharmacy assistants, as well as other healthcare and retail professionals on occasion. As such, students in pharmacy technician courses will often learn essential communication skills so that they are capable of working not just with other members of their team, but with patients and clients as well.

Apart from ensuring that drugs are both safe to use and properly packaged, pharmacy technicians will collaborate with pharmacists in promoting general health and wellness, supporting patients, and helping with disease prevention and chronic disease management. Pharmacy technicians will also be taught to respect the limitations of their occupation, and defer to the expertise of a pharmacist whenever necessary.

Are you ready to start your career as a pharmacy technician?

Register for a Pharmacy Technician Diploma Program at KLC!