Advisory Meeting #2

What is the best way to run a profitable retail pharmacy?

The best way to run a profitable retail pharmacy is to make sure that all prescriptions bring in profit.

-Patients prescriptions always come with co-pay which amounts to how much will be paid per prescription.

-Insurance companies post how much each prescription will be compensated for on their co-pays site

-Some prescriptions will actually cost the business profit if sold to certian patients with different insurance companies. 

Source: Book "The pharmaceutical Industry" by Roman Espejo.

Espejo, Roman. The Pharmaceutical Industry. New Haven: Gale CENGAGE Learning, 2011. Print. Opposing Viewpoints Ser.

Independent Component 2 Approval

1.  Describe in detail what you plan to do for your 30 hours.
     I am going to do 30 extra hours of mentor ship. 
2.  Discuss how or what you will do to meet the expectation of showing 30 hours of evidence.
    I'm going to keep a journal of every single hour of extra mentor ship I do. Then have a written statement from my mentor confirming everything I have in that digital journal.
3.  And explain how what you will be doing will help you explore your topic in more depth.
    I hope through experiencing these extra hours to get better answers to my essential question. They will be pivotal in making sure that I have answers and foundation to talk about during my senior presentation. 
4.  Post a log on the right hand side of your blog near your other logs and call it the independent component 2 log.
    Fo sho! 

Independent Component 1

LITERAL
(a) Statement saying: “I, Ralph Hernandez, affirm that I completed my independent component which represents 30 hours of work.”
(b) My source who helped me complete my Independent Component, was Timothy Wong, a pharmacist from the Del Amo pharmacy in Torrance, CA. He's been a retail pharmacist for 12 years. 
(c) Digital Spreadsheet on my blog. 
(d) I completed 30 extra hours of mentor ship with my mentor. In those hours, I was able to get a better definition of what it was to run a retail pharmacy. Through it, I obtained an essential question and many possible answers to it. 
INTERPRETIVE 
Defend your work and explain how the significant parts of your component and how it demonstrates 30 hours of work.   Provide evidence (photos, transcript, art work, videos, etc) of the 30 hours of work. 
I did a online Journal with reflections of each day of mentorship I had and its signifigance. Also with a letter from my mentor confirming what I put.   

Letter confirming hours. Click Here
APPLIED
How did the component help you understand the foundation of your topic better?  Please include specific examples to illustrate how it helped. 
Through the extra 30 hours of mentor ship, I got a very defined idea of what being a pharmacist means. At my mentorship, I was able to see clearly what it was to maintain patient care. I saw my mentor make sure that patients understood their prescriptions, which ended up becoming my first answer to my essential question. I also was able to see the financial aspect of being a pharmacist by seeing the insurance companies co-pay sit, which shows how much profit is made. Which I plan to make a second answer out of.