Pharmacare Case Study

As it is mentioned earlier, medication administration includes various steps and an interdisciplinary team. Undoubtedly, nurses play a vital role in the medication administration process. Since patient safety is the priority to all health care professionals, it is important for the nurses to effectively communicate and collaborate with an interdisciplinary team if he or she is unsure about any medication prescription to prevent any adverse events. In addition, patient education is another component of safe administration. A patient must be educated on medications they are taking, the reason for taking them, the dosage, a route, potential side effects, and interactions. Nurses should perform “six rights” of the medication each time. Before administering

A stakeholder is anyone with an interest in a business. Stakeholders are individuals, groups or organisations that are affected by the activity of the business. There are two different types of stakeholders; internal and external. Internal stakeholders are groups within the business e.g owner/workers and employees. External stakeholders are local and national communities and governments, these are groups outside of the business.

The order I would place the drug administration would start with Intravenous (IV) method, this method is taking the drug exactly to the vein and it enters the bloodstreams right then and to your brain. This method takes less than one minute. The next one I choose would be inhaling, this would be like inhalant drugs. Inhaling is almost just as fast as IV drug use and goes quickly into your lungs to the bloodstream. Next would be snorting, I would say this because this method is felt in two minutes unlike the other drugs I previously listed. Snorting is through the mucous membranes of a powdered drug like cocaine. Smoking is the next method and it not the same as inhaling nitrous oxide which is confusing to me. Then there is swallowing, which

PharmaCARE needs to make several changes in order to become more ethical. Firstly, PharmaCARE should pay the Colberians a fair wage for labor and also offer free healthcare. PharmaCARE should offer back-pay to make-up for any time of any under payment. While it is true that the company provides its employees with economic benefits, their compensation toils in comparison to its executives. While lower level employees should not expect PharmaCARE to provide all of its workers with the same amount of compensation of an executive level, it should at least raise compensation to poverty line standards. Secondly, no matter the amount of information or labor wanted for the purpose of making a profit should be compensated. PharmaCARE needs to stop

From 2008 to 2016, Mylan, the company that sells EpiPens, had an increased profit margin from 8.8% to 60.3%. The EpiPen price jump made headlines in January of this year, but Mylan is not the only company to increase prices, Pfizer did the same to 100 of their drugs in 2016. Many consumers are paying out of pocket if their insurance doesn’t cover their prescriptions, and the argument is when does drug company profit become too much? Throughout this paper, we will be examining the high cost for prescription drugs from a consumer point of view as well as the drug companies point of view to determine whether or not drug companies are too invested in making a profit on life saving medications.

Healthcare today is often dictated by insurance companies and the pharmaceutical companies. Often in the news, we hear a lot of talk about “Big Pharma.” and their control over the health care industry as a whole. To some degree, pharmaceutical companies even hold power over the insurance companies. Additionally, Big Pharma has a lot of control over the hospitals, the doctors, and the media. Pfizer is a well known pharmaceutical company and it is known on the global market as on of the “world’s premier innovated biopharmaceutical companies” (Pfizer,2002). It is also well known for its top ranking profit margins. According to the website homepage, pfizer.com, Pfizer’s mission is

Americans spend more money on prescription drugs than anyone else in other developed countries. The reason is that the drug companies have almost complete control over the price regulation, due to the law passed by Congress that neglected Medicare the ability to be able to negotiate the prices of the drugs, and another generous patent law that allow them to have a long-lasting monopoly. In a recent case, CEO Martin Shkreli hiked the price of a drug that is used to treat life-threatening parasitic infection, a tablet that used to cost $13.50 went up to $750 - an increase of 5,500%. The reason that drug companies give for having such high prices, is that they need to have large profits on the products to be able to continue testing, investigating, producing and to developing, the company stated that a new drug costs about $2.6 billion to develop.

The pharmaceutical company Zogenix shares nearly tripled after the release of information on a drug that targets epilepsy in children and young adults (Gatlin, IBD, 2017). The shares jumped as high as 191.5% to 37.55 in the stock market and closed up at 172.2% at 37.55 while their rival company GW Pharma stocks plummeted 9.6% to close with shares at 101.49 (Gatlin, IBD, 2017).

Stakeholder define as a person, group or organization that has interest or concern in an organization. Some examples of key stakeholders are shareholders, employee, suppliers, customers, competitors and government. Not all stakeholders are equal. A company's customers are entitled to fair trading practices but they are not entitled to the same consideration as the company's employees.

Stakeholders can affect or be affected by the organization 's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies),

A Stakeholder is person group or organisation that has an interest or concern in an organisation.

PharmaCARE has been the leader in the industry of healthcare. The ethical aspects of the business were not

Please identify stakeholders for your hypothetical organization using stakeholder analysis tool and please provide 4 questions that you would like to ask during your interview with your

To identify the main stakeholders we have to differentiate the qualities and recognise the levels of significance they hold to the organisation. We can do this by analysing stakeholders by categorising them, such as internal and external stakeholders and by using the power interest matrix as shown in appendix 2.

Key stakeholders in a research are people or groups who may be directly or indirectly affected by the research either positively or negatively.