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The reason why pharmacists are paid so much is the same reasons why airline pilots are paid so much. It has less to do with the training and more with what can happen.
Pharmacists have a "corresponding responsibility" as the prescriber. What this means is that we have to give the right drug to the right patient, while checking for dosages, drug to drug, and drug to disease interactions. We have to do this while making sure each prescription is filled according to strict insurance and government regulations. We have to do this because we are the last line of defense.
If we do not do our job correctly, this can result in law suits, regulatory fines, or losses in insurance audits. This can all results in loses that can go anywhere from a few hundred to millions.
Here are a few examples...
If the doctor writes "Take one tablet by mouth daily", and we mis-interpret it as "Take one tablet by mouth every other day", CVS will automatically settle for 5-10k. If there was any harm involve, the lawsuit can go for millions. Lawyers know that CVS or Walgreens make big money and will settle automatically, no matter how little the mistake is,
If we disposed of waste in the wrong way like patient information in regular garbage bags, warfarin or phentermine bottles in regular vial recyclables, loose pills in garbage can, antibiotics liquids into sink... we are fined hundred of thousands of dollars.
If we are missing one scheduled 2 pill, the DEA can fine us up to a few hundred thousand dollars and criminal charges. When a pharmacy dispenses 10,000 C2 in a week... it is easy to lose a pill.
If we bill a chemo medication worth 100k, we can lose that claim when audited. The insurance can not pay us from lack of documentation of information such as who we spoke to when the order was put in, the time that the prescription was ordered, missing prescribers information such as NPI, diagnosis codes, to incorrect billing information like wrong day supplies.
We are also responsible for growing the business, managing techs from training to scheduling them, counseling, spending time with each patient to answer their questions - because they can not get a hold of their doctor or their doctor was too busy, watching out for fake prescriptions, medication abuse, and making sure medications are stored properly.
To end this off, today... a resident prescribed Bactrim DS suspension to a month old infant. I caught the interaction where it could have resulted in massive damage to the infant's brain.
Another interaction is a beta blocker refilled right after a cocaine induced heart attack. My computer does not detect for this... but I do.
My question to you is what is this worth to the doctors who made the mistakes, and to my company? Definitely more than 150k...
Pharmacists have a "corresponding responsibility" as the prescriber. What this means is that we have to give the right drug to the right patient, while checking for dosages, drug to drug, and drug to disease interactions. We have to do this while making sure each prescription is filled according to strict insurance and government regulations. We have to do this because we are the last line of defense.
If we do not do our job correctly, this can result in law suits, regulatory fines, or losses in insurance audits. This can all results in loses that can go anywhere from a few hundred to millions.
Here are a few examples...
If the doctor writes "Take one tablet by mouth daily", and we mis-interpret it as "Take one tablet by mouth every other day", CVS will automatically settle for 5-10k. If there was any harm involve, the lawsuit can go for millions. Lawyers know that CVS or Walgreens make big money and will settle automatically, no matter how little the mistake is,
If we disposed of waste in the wrong way like patient information in regular garbage bags, warfarin or phentermine bottles in regular vial recyclables, loose pills in garbage can, antibiotics liquids into sink... we are fined hundred of thousands of dollars.
If we are missing one scheduled 2 pill, the DEA can fine us up to a few hundred thousand dollars and criminal charges. When a pharmacy dispenses 10,000 C2 in a week... it is easy to lose a pill.
If we bill a chemo medication worth 100k, we can lose that claim when audited. The insurance can not pay us from lack of documentation of information such as who we spoke to when the order was put in, the time that the prescription was ordered, missing prescribers information such as NPI, diagnosis codes, to incorrect billing information like wrong day supplies.
We are also responsible for growing the business, managing techs from training to scheduling them, counseling, spending time with each patient to answer their questions - because they can not get a hold of their doctor or their doctor was too busy, watching out for fake prescriptions, medication abuse, and making sure medications are stored properly.
To end this off, today... a resident prescribed Bactrim DS suspension to a month old infant. I caught the interaction where it could have resulted in massive damage to the infant's brain.
Another interaction is a beta blocker refilled right after a cocaine induced heart attack. My computer does not detect for this... but I do.
My question to you is what is this worth to the doctors who made the mistakes, and to my company? Definitely more than 150k...