What is it about?
This study explores how aware community pharmacists in Jordan are of financial indicators essential for managing their pharmacies effectively. Community pharmacists play a crucial role beyond dispensing medications; they also manage financial aspects critical for pharmacy sustainability. The research surveyed pharmacists across Jordan to assess their familiarity with financial metrics like profitability, liquidity, and efficiency indicators. Findings reveal that while pharmacists generally understand the importance of financial management, there are disparities based on education and experience levels. Younger pharmacists and those with higher education showed better awareness. The study underscores the need for improved financial education in pharmacy curricula and ongoing training to enhance pharmacists' financial competence. By improving financial literacy among pharmacists, community pharmacies can better navigate economic challenges and ensure continued high-quality healthcare services for patients in Jordan.
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Why is it important?
This study is crucial for several reasons. First, it addresses a gap in understanding how well pharmacists are equipped to manage the financial aspects of their practices, which is essential for pharmacy sustainability and quality healthcare provision. Second, it highlights the importance of integrating financial management education into pharmacy curricula to better prepare future pharmacists. Third, amidst global economic challenges and the evolving healthcare landscape, this research provides timely insights into enhancing pharmacists' financial literacy, potentially influencing policy and educational reforms. Ultimately, improving pharmacists' financial competence can lead to more efficient pharmacy operations, better patient care, and sustainable healthcare services in Jordan and beyond.
Perspectives
As a multidisciplinary pharmacist delving into this topic, I find this study immensely valuable for its potential impact on pharmacy practice. It underscores the dual role pharmacists play in healthcare and business management, highlighting the need for comprehensive education in financial literacy. Personally, I believe that integrating such knowledge early in pharmacy education can empower future pharmacists to navigate the complexities of running a pharmacy effectively. Moreover, the findings not only addresses a critical gap but also invites reflection on how we can better equip pharmacists to thrive in their multifaceted roles, ultimately benefiting both pharmacists and the communities they serve.
Dr. Hisham E. Hasan
Jordan University of Science and Technology
Read the Original
This page is a summary of: Assessing pharmacists' awareness of financial indicators in community pharmacy management: A cross-sectional study, Heliyon, July 2024, Elsevier,
DOI: 10.1016/j.heliyon.2024.e33338.
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