Cost per mg Formula:
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Definition: This calculator determines the cost per milligram of medication based on the total price and the mass of the medication.
Purpose: It helps patients, pharmacists, and healthcare professionals compare medication costs and make informed purchasing decisions.
The calculator uses the formula:
Where:
Explanation: The total price is divided by the medication mass to determine the cost per milligram.
Details: Calculating cost per mg allows for accurate comparison between different medication strengths and packaging sizes, ensuring you get the best value.
Tips: Enter the total price in USD and the medication mass in mg. Both values must be > 0. The result shows the cost per milligram.
Q1: Why calculate cost per mg?
A: It standardizes cost comparison across different dosages and package sizes, revealing the true cost of the active ingredient.
Q2: How precise should the mass be?
A: Use the exact milligram measurement from the medication label for accurate results.
Q3: Does this include taxes or insurance?
A: Use your out-of-pocket cost for personal calculations, or pre-tax price for wholesale comparisons.
Q4: Can I use this for liquid medications?
A: Yes, if you know the concentration (mg/mL) and total volume, you can calculate total mg first.
Q5: Why 6 decimal places in the result?
A: Many medications are expensive per mg, so high precision is needed for accurate comparisons.