Pharmacy

Pharmacy
 

PHARMACY
 

Pharmacyhealth_image.jpg
Aged Care
 

PHARMACY

 

Health Services by RSM

 

Pharmacy Advisory, Assurance and Consulting

The Pharmacy team at RSM provide services to both retail pharmacy and the pharmaceutical sectors.

Contact a pharmacy business expert

We know pharmacy and the healthcare sector, we speak your language and understand the immense challenges currently being faced.

There are also real opportunities to adapt through new technology and approaches in how you do business and manage your risks.


At RSM, we act as your strategic partner, providing critical and timely insights. Whatever your needs may be.

KEY CONTACT

Peter Saccasan is a Pharmacy business expert

Peter Saccasan
National Director, Pharmacy

T: +61 2 8226 4500
[email protected]

 

 

 

RSM offers Safe Harbour strategies

Going into partnership – at what cost?

23 December 2014
Over the past 12 months I have had some interesting discussions with vendors of pharmacies about the potential impact of PBS reform on their profitability and ultimately the value of their pharmacy business. Most were in denial and insistent that there should be no adjustment and that the purchaser could be assured (but not in writing) that the returns would be the

Just what is ‘pharmacy practice?'

12 November 2014
There has been much discussion passing on the airwaves over the past month on the possible introduction of variable pharmacy remuneration. Another view is that dispensary is core business and that there should be some basic remuneration on current lines without going overboard to jump at the ‘new fad’ of variable pharmacy payments.

Open and shut case? Deregulation NOT an option. Or is it?

21 October 2014
The big news of the past month has no doubt been the Competition Review draft recommendations around pharmacy. This has set the hounds running with strong views being circulated on both sides of the case around deregulation. Do we have to be the same?

Big data for better decisions

31 August 2014
At the Australian College of Pharmacy conference just held in Hobart, presenters teased out the concept of ‘big data’ (or BD) and what this might mean to pharmacy. Owners are already competing against BD proponents such as Woolworths and Coles. No doubt, the franchise owners also apply their own BD science to drive purchasing and logistics, with large scale loyalty

Driving to the target

11 August 2014
Reduced margins on dispensary income dollars are now a reality with PBS reforms taking bite. ScriptMap reports, which I know my readers get regularly, are becoming reality as the reductions hit dispensary GP$. Owners should be setting out practical steps to planning to overcome the reductions to their GP$ and net profit.

Opportunity keeps knocking

9 July 2014
Amidst the seat-shifting that is being done around PBS reforms, there is still the glimmer of light that appears when someone is more focused on the opportunity in pharmacy rather than pending armageddon. I have had some great conversations recently with some people who continue to be positive about the industry and what they believe can be implemented in community

Targeting the new bottom line

6 June 2014
In last month’s article, I focused on the imperative to move the pharmacist into the front line of customer engagement.

Pharmacist first - moving from fulfilment to adviser

4 May 2014
When a client calls my office, I guess that seven times out of ten they are seeking to speak either to me or one of my senior managers. Perhaps they generally want to talk through an issue which may or may not be important, so they can call me on my direct line or mobile because I have supplied that to them just for this occasion. At the same time, I have introduce

A simple process to implementing change

31 March 2014
At APP, I presented on the topic of building a sustainable pharmacy business. A sustainable business is one which produces the necessary profits and cashflow to enable a business to grow and meet its commitments now and into the future. Over the past few months I have been writing about the need to change the pharmacy business model in order to overcome the profit

"Hello, I'm here!" - maximising the customer visit

2 March 2014
In my last two articles I have written of the change imperative that is ever more present in retail pharmacy. With the price changes of PBS reform taking profits out of the bottom line of pharmacy, action is needed to replace it. The replacement revenue is needed quickly but you can manufacture an income stream overnight.

Professional health solutions - the time is now

20 January 2014
It looks like a price cut, smells like one, sounds like one - just maybe it is one. The December 2013 price changes have arrived and with it the beginning of the slide in prescription profits that have been forecast, well, for years now. Pharmacy owners have been told ad nausea that this would happen and now it’s here. The loss of GP$ per script will continue over

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