Podcast
Questions and Answers
What formula represents the Relative Value (RV) according to the text?
What formula represents the Relative Value (RV) according to the text?
- (Price + Perceived Value) / Service = Relative Value
- (Price + Service) x Perceived Value = Relative Value (correct)
- (Service - Price) x Perceived Value = Relative Value
- (Service x Perceived Value) / Price = Relative Value
How is Service (S) described in the text?
How is Service (S) described in the text?
- Varies with the quality of the product being offered
- Dependent on the cost to the patient
- Dependent on the person providing the service (correct)
- Quantifiable and easily measured
What is the cognitive tradeoff involved in Perceived Value (PV) according to the text?
What is the cognitive tradeoff involved in Perceived Value (PV) according to the text?
- Quality of what they get vs cost to the patient (correct)
- Cost to the patient vs time spent on service
- Quality of what they get vs emotional energy spent
- Emotional energy spent vs satisfaction with the service
How can you make yourself marketable/valuable according to the text?
How can you make yourself marketable/valuable according to the text?
What is a key strategy for providing value-added services to patients based on the text?
What is a key strategy for providing value-added services to patients based on the text?
What is one of the benefits of the Prescription Monitoring Program (PMP) related to addressing drug abuse and diversion?
What is one of the benefits of the Prescription Monitoring Program (PMP) related to addressing drug abuse and diversion?
What is the primary purpose of 'Med Sync' as compared to 'Auto Refilling'?
What is the primary purpose of 'Med Sync' as compared to 'Auto Refilling'?
Among the listed factors related to nonadherence, which category includes barriers to communication with patients or caregivers?
Among the listed factors related to nonadherence, which category includes barriers to communication with patients or caregivers?
What percentage of new prescriptions are never filled according to the text?
What percentage of new prescriptions are never filled according to the text?
In the equation for Relative Value ((Price + Service) x Perceived Value = Relative Value), what component directly affects the perceived value?
In the equation for Relative Value ((Price + Service) x Perceived Value = Relative Value), what component directly affects the perceived value?
