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Related Experiment Videos

Budgetary considerations in planning pharmacy continuing education programs.

M C Shannon

    Mobius
    |September 8, 1982
    PubMed
    Summary
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    Financial data from a college of pharmacy reveals that continuing education (CE) programs generated significant instructional units but only covered 43.2% of expenses. Increasing registration fees is suggested to offset costs for these essential professional development programs.

    Area of Science:

    • Pharmacy Education
    • Continuing Professional Development

    Background:

    • Colleges of pharmacy offer continuing education (CE) programs to pharmacists.
    • Financial sustainability of these programs is crucial for continued professional development.

    Purpose of the Study:

    • To present three years of financial data for pharmacy CE programs.
    • To analyze costs, income, and productivity of these programs.

    Main Methods:

    • Analysis of financial data from 41 pharmacy CE programs over three years.
    • Calculation of costs and income per registrant, instructional unit, and program.
    • Determination of staff productivity metrics.

    Main Results:

    • Total expenses were $295,797.00, with income totaling $127,754.00 (43.2% of expenses).

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  • The cost per instructional hour per participant was $8.29.
  • Staff productivity was 13.7 programs per year, serving 2,654 participants annually.

    • Conclusions:

    • Pharmacy CE programs generated substantial educational activity but incurred a significant financial deficit.
    • Situational factors influence program delivery costs and income generation.
    • Increasing registration fees is a potential strategy to improve financial viability.