Analysis of the effectiveness of the pharmacy network

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11160%2F21%3A10434834" target="_blank" >RIV/00216208:11160/21:10434834 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/00216224:14160/21:00122470

Výsledek na webu

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=e~yBfa-Y2y" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=e~yBfa-Y2y</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.31925/farmacia.2021.4.23" target="_blank" >10.31925/farmacia.2021.4.23</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Analysis of the effectiveness of the pharmacy network

Popis výsledku v původním jazyce

The legal framework for pharmacy has been frequently changed after the foundation of present-day Slovakia in 1993. The establishment of new pharmacies was regulated and based on geographical criteria in the past. This article aimed to evaluate the impact of geographical restrictions removal on the number of newly established pharmacies in Slovakia and assessed their financial performance in the period from 1998 to 2017. Selected financial indicators, demographics, and the number of inhabitants per community pharmacy have been assessed. 25% of community pharmacies in Slovakia showed a negative return on sales (ROS), total debt higher than the average of Slovak healthcare, and did not maintain the expected range of current liquidity status. Overall, 16% and 31% of pharmacies were unprofitable based on the Altman Z score and Index 05, respectively. While the number of inhabitants remained relatively unchanged, the number of community pharmacies doubled during the observed period. Based on the results, we designed models to decrease the number of pharmacies and increase the inhabitant/pharmacy ratio to improve pharmacies&apos; financial performance. We propose to introduce regulating demographic criteria to establish new pharmacies based on our models. By regulating or reducing the number of pharmacies, it can be expected an increase in the offered pharmacy services. To maintain the quality and accessibility of pharmaceutical services in rural areas, providing financial support for community pharmacies could be an alternative.

Název v anglickém jazyce

Analysis of the effectiveness of the pharmacy network

Popis výsledku anglicky

The legal framework for pharmacy has been frequently changed after the foundation of present-day Slovakia in 1993. The establishment of new pharmacies was regulated and based on geographical criteria in the past. This article aimed to evaluate the impact of geographical restrictions removal on the number of newly established pharmacies in Slovakia and assessed their financial performance in the period from 1998 to 2017. Selected financial indicators, demographics, and the number of inhabitants per community pharmacy have been assessed. 25% of community pharmacies in Slovakia showed a negative return on sales (ROS), total debt higher than the average of Slovak healthcare, and did not maintain the expected range of current liquidity status. Overall, 16% and 31% of pharmacies were unprofitable based on the Altman Z score and Index 05, respectively. While the number of inhabitants remained relatively unchanged, the number of community pharmacies doubled during the observed period. Based on the results, we designed models to decrease the number of pharmacies and increase the inhabitant/pharmacy ratio to improve pharmacies&apos; financial performance. We propose to introduce regulating demographic criteria to establish new pharmacies based on our models. By regulating or reducing the number of pharmacies, it can be expected an increase in the offered pharmacy services. To maintain the quality and accessibility of pharmaceutical services in rural areas, providing financial support for community pharmacies could be an alternative.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

30104 - Pharmacology and pharmacy

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Farmacia

ISSN

0014-8237

e-ISSN

—

Svazek periodika

69

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

RO - Rumunsko

Počet stran výsledku

7

Strana od-do

799-805

Kód UT WoS článku

000687039600023

EID výsledku v databázi Scopus

2-s2.0-85113375385