Glossary

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M

Any medicinal product prepared in a pharmacy in accordance with a medical prescription for an individual patient. Cf. Compounding, extemporaneous…
A clinically coherent group of International Classification of Diseases (ICD) diagnoses by major organ system or etiology that is used as the first…
An arrangement between a manufacturer and payer/provider that enables access to (coverage/reimbursement of) a health technology subject to specified…
Natural or legal person with responsibility for the manufacturing of a product. Manufacturing includes all operations of receipt of materials,…
The percentage of the selling price that is profit. In the case of the pharmaceutical distribution, a wholesale or pharmacy margin is price-dependant…
Increase or decrease in costs as the result of one more or one less unit of output. Determining marginal cost is important in deciding whether or not…
The mark-up is the percentage of the purchasing price added on to get the selling price. A mark-up is added on to the total cost incurred by the…
A licence issued by a medicines agency approving a medicine for market use based on a determination by authorities that the medicine meets the…
The Marketing Authorisation Holder holds the authorisation to place a medicine on the market and is responsible for marketing it. The marketing…
Services provided by a health care system to a population. They include: - Hospital medical services aimed at curing, restoring and/or maintaining…
Actors with a commercial interest in the pharmaceutical system. Market players include pharmaceutical manufacturers, distribution actors and…
An upper threshold provided for by regulation or by tender specifications. Purchasers are not allowed to price above this threshold but have…
A medical device is any instrument, apparatus, appliance, software, material or other article, whether used alone or in combination, including the…
Documentation of treatment of the patient.
Services provided by a health care system to a population. They include: - Hospital medical services aimed at curing, restoring and/or maintaining…
Any preventable event that may cause or lead to inappropriate medication use or patient harm while the medication is in the control of the health…
Written directions provided by a prescribing practitioner for a specific medication to be administered to an individual. Specific term in hospital…
Medication persistence may be defined as “the duration of time from initiation to discontinuation of therapy”. Continuing to take any amount of the…
The process of comparing a patient’s medication orders to all of the medications that the patient has been taking. This reconciliation is done to…
Lack and/or gaps in the availability of medicines, usually due to problems in the supply chain. This supply issue affects how the pharmacy prepares…