RSM Australia

Pharmacy

RSM has a team of pharmacy advisers across Australia who understands your industry.

With over 15 years’ experience in the pharmacy industry, the team has been helping pharmacy owners with their business issues and working to create successful pharmacies. With directors and principals in each state who are focussed on pharmacy, we are able to bring this experience to you, no matter where you are.

RSM'S PHARMACY SERVICES ARE DESIGNED TO HELP YOUNG PHARMACISTS AND EXPERIENCED OWNERS WITH THEIR ACCOUNTING, TAX AND BUSINESS NEEDS.

Because we understand pharmacy, we can quickly identify the issues and provide the right solution for you.

We believe there are real benefits to having access to pharmacy-focused advice and in fact list five of them in our pharmacy services brochure that you can download from this page.  Whether you are buying your first pharmacy or are a seasoned owner who is looking for ‘fresh eyes’ on the business, RSM can tailor their services for you. If you would like someone to call you to discuss your business needs, send us your details through the enquiry button on this page and we will make contact. 

 

Don't follow 'the pack'

Have you ever heard of the mysterious 'they'? If you are a parent of teenaged children 'they' are close family friends. You know how it goes, 'they' always get the most privileges, have the best parents ever, go to the movies every weekend and of course, 'they' have an unlimited phone plan. Yep, 'they' are living proof that I, as a parent, know nothing. 
11 August 2016

Health innovation must continue for pharmacy

The April price cuts continue the downward spiral on medicine prices and the gross profit return to pharmacy. Since PBS reforms began, the known goal is that dispensary contribution can only be arrested by volume. As the GP$ per prescription falls, pharmacy owners need more scripts to provide the same GP$ which are used to pay the overhead and provide a pr
20 June 2016

What price are you really paying for that pharmacy?

Last month I wrote about the art of negotiation in a pharmacy purchase. If you get the timing right with asking the right questions you can generally argue the price down in a sensible way. This month I want to look at the impact of paying above valuation for a pharmacy and what that means for your investment. Current pharmacy market
19 May 2016

Are you in good shape? How about your business?

At a tender age of 50+ (now that I have been here for a few years, ‘50’ is the new ‘40’ okay!), I have recently bounded off for the ‘executive health check’.  After 2 ½ hours of testing, sampling, hitting the tread mill etc., I (and my wife) am pleased to report that all is well. All the vital signs are in good shape and no alarm bells are ringing. 
2 May 2016

Timing really is everything

Back in January this year I wrote about the keen price being paid for pharmacy businesses. A few months down the track and I have to say that the market continues to be strong. In that last article I stressed the importance of getting the debt and equity mix right and ensuring that cashflow was sufficient to enable all commitments to be met.
7 April 2016

Exclusive interview with Retail Pharmacy magazine

National Director of pharmacy services at RSM and long-time pharmacy business adviser, Peter Saccasan, speaks to Retail Pharmacy about cashflow, telling owners the real story about their pharmacy business performance.
30 March 2016

Your pharmacy cashflow: a great story, or are you dreaming?

‘The king is dead! Long live the king!’, as they say when the monarchy passes on. In the case of pharmacy, the old king (turnover or sales or the PBS cheque) has long passed its use-by date as a key indicator of the business. It’s what you get out of the sale and what you do with it that counts. You can start with GP$, manage your costs and keep an eye on stock. Fr
18 March 2016

Jack of all trades, master of…?

For many years the pharmacy industry has been doing battle with primarily the grocers who have been eyeing off the foot traffic that travels in and out of pharmacy and trying to divert that into their stores.
18 March 2016

That dollar discount – the power of 3!

EVEYRONE knows what the dollar discount is about.  So let’s just talk about some issues. Firstly – it can apply to ALL scripts.  The big focus has been on concessional patients but the discount can apply to general scripts as well. 
5 February 2016

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