“Demystifying Pharmaceutical Class of Trade”
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HealthTrust presents…“Demystifying Pharmaceutical Class of Trade”
Please Note: Continuing education credit is only available to those attending the session live. CE credit is not available when accessing the program on demand.
Pharmaceutical class of trade (COT) refers to the various channels involved in the distribution and sale of pharmaceutical products. Pharmaceutical manufacturers assign COT designations to each purchaser. Depending on the COT, the Pharmaceutical manufacturer will provide discounts to the value-driving force. Manufacturers view, monitor and assign classes of trade inconsistently. The pharmaceutical class of trade model was developed by drug manufacturers, and parties such as the group purchasing organization (GPO) and purchasing facilities must adhere to the manufacturer classification. Limited information is available to healthcare professionals on the benefits and negatives of class of trade. This session’s focus will be to introduce the different pharmaceutical class of trade elements, evaluate the pros and cons of pharmaceutical COT and apply the impact of COT on health systems and group purchasing organizations.
Learning Objectives for Pharmacists, Healthcare Executives & Supply Chain | At the end of this session, participants should be able to:
- Recall the different pharmaceutical Class of Trade (COT) designations
- Identify the pros and cons of pharmaceutical COT
- Recognize the impact of COT on health-systems and Group Purchasing Organizations (GPOs)
Learning Objectives for Pharmacy Techs | At the end of this session, participants should be able to:
- Recall the different pharmaceutical Class of Trade (COT) designations
- Identify the pros and cons of pharmaceutical COT
- Recognize the impact of COT on health-systems and Group Purchasing Organizations (GPOs)
Presenter:
Ricky Mareus, PharmD | PGY-2 Pharmacy Resident in Corporate Pharmacy Administration & Leadership | HealthTrust Performance Group
Target Audience: Pharmacists, Pharmacy Techs, Healthcare Executives & Supply Chain professionals
CE Credit: Approved for Pharmacists, Pharmacy Techs, Healthcare Executives & Supply Chain professionals
This program is approved for CPEs by the Accreditation Council for Pharmacy Education (ACPE). Attendees of this program may earn 1.0 CPE Contact Hours. Belmont University College of Pharmacy is accredited by the Accreditation Council for Pharmacy Education as a provider of continuing pharmacy education. The Universal Activity Numbers for this activity are 0863-9999-24-026-L04-P and 0863-9999-24-026-L04-T. This program is approved by the Association for Health Care Resource and Materials Management (AHRMM) for 1 Continuing Education Credit (CEC). By attending the Demystifying Class of Trade program offered by HealthTrust, participants may earn up to 1 ACHE Qualified Education Hours toward initial certification or recertification of the Fellow of the American College of Healthcare Executives (FACHE) designation. The activity is approved for 1 hour (.1 CEUs) of continuing education credit for Pharmacists, Pharmacy Techs, Healthcare Executives & Supply Chain professionals who attend the webinar and complete the online evaluation.
Note about CE credit: If you plan to obtain credit for a live session, stay until the end of the presentation to receive the verification code you will need to obtain the continuing education credit. CE credit is individual. No group credit is available. Each person must register for a webinar and attend the webinar in its entirety in order to receive an email after the event with instructions on how to apply for continuing education credit. Attendees should not share the code or forward the email to others who did not actually attend the program. If they are not able to be verified on our webinar provider reports and registration list they will not receive credit. If you are joining only by phone, you will not be eligible for credit. You must also log in and join the visual portion of the webinar to be part of our CE provider-required reporting.
