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Cost Per Portion Formula:
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Cost Per Portion calculation is a simple yet important financial metric in medical settings that helps determine the individual cost of each medication dose when a drug is purchased in bulk quantities.
The calculator uses the simple formula:
Where:
Explanation: This calculation divides the total drug cost by the number of doses to determine the cost per individual portion, helping medical facilities with budgeting and pricing.
Details: Accurate cost per portion calculation is essential for medical facilities to properly budget medication expenses, set appropriate patient charges, manage inventory costs, and ensure financial sustainability of healthcare services.
Tips: Enter the total drug cost in currency units and the number of doses. Both values must be valid (cost ≥ 0, doses > 0). The calculator will provide the cost per individual dose.
Q1: Why calculate cost per portion in medical settings?
A: It helps medical facilities accurately determine the cost of individual medication doses for budgeting, pricing, and inventory management purposes.
Q2: What currency units should I use?
A: Use whatever currency your facility operates in (USD, EUR, GBP, etc.). The calculator will return results in the same currency units.
Q3: Should I include shipping or handling costs?
A: For accurate cost analysis, include all associated costs (purchase price, shipping, handling) in the total drug cost to get a true per-portion cost.
Q4: What if the medication has different dosage strengths?
A: Calculate cost per portion for each dosage strength separately, as different strengths may have different pricing and clinical applications.
Q5: How often should cost per portion be recalculated?
A: Recalculate whenever drug prices change, when purchasing from different suppliers, or when package sizes change to maintain accurate cost data.