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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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.
Perspectives
As a researcher in the field of pharmacy practice, I find this study particularly insightful as it addresses a critical aspect of community pharmacy management that is often overlooked. Improving financial literacy and practices among pharmacists is essential for the success and sustainability of pharmacy businesses, which ultimately impacts patient care. I hope this study sparks further discussion and action to support pharmacists in managing their finances effectively.
Dr. Hisham E. Hasan
Jordan University of Science and Technology
Read the Original
This page is a summary of: Financial indicators utilization among community pharmacists: A comprehensive study for pharmacy management, PLoS ONE, March 2024, PLOS,
DOI: 10.1371/journal.pone.0299798.
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