Financial Management in Jordanian Community Pharmacies

What is it about?

This study investigates how community pharmacists in Jordan understand and use financial indicators to manage their pharmacies. We found that pharmacists recognize the importance of financial management and regularly monitor their finances. They use various financial indicators, such as profitability and liquidity measures, to assess their pharmacy's financial health. The study highlights the need for pharmacists to receive financial education and support to improve their financial practices.

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Photo by micheile henderson on Unsplash

Photo by micheile henderson on Unsplash

Why is it important?

This study is unique in its focus on financial management practices among community pharmacists in Jordan, providing valuable insights into an understudied area. Given the evolving role of community pharmacies in healthcare delivery and the increasing complexity of the financial landscape, understanding pharmacists' financial literacy and practices is crucial. The findings can inform targeted interventions and educational programs to enhance financial management skills among pharmacists, ultimately contributing to the sustainability of pharmacy businesses and the quality of healthcare services in Jordan.

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