The ‘cobra effect’
The lack of metrics and clarity around professional services means that they are not being pursued to the extent that they should, creating pharmacy’s own ‘cobra effect’ During the early …
Confronting pharmacy’s ‘inconvenient truth’
Short-term thinking won’t be enough to fix the looming issue of stalled ‘real’ growth in community pharmacy. Bolder, proactive responses are needed An Inconvenient Truth was a documentary that screened …
The price matching monorail
Price matching is analogous to a monorail—it’s a single track strategy, and not necessarily the right track. At its worst, price matching effectively means abdicating your pricing strategy —and therefore …
Money for nothing
Many owners are not getting the full benefits from the 8CPA, and the state-based expanded scope programs, primarily due to apathy, which in turn is driven by a lack of …
Don’t just be an accidental hero
Many pharmacies that seem outwardly successful might be skating on thin ice. Are you implementing the necessary strategies for sustained, deserved success? Steven Bradbury is a four-time Australian Olympian who …
Playing a careful hand
If the lessons of history are repeated, the costs of running a pharmacy could rise in the next few years, meaning the ‘table stakes’ will get higher for owners These …
The gale of creative destruction
Pharmacies that harness the winds of change and embrace the patient health model are destined to thrive To the surprise of many, Australia lays claim to the strongest gale ever …
Pharmacy’s magic number
There is a key metric that pharmacy owners need to use to answer the crucial question of how they improve both patient outcomes and business performance. In 1897, Amos Dolbear, …
Handling the 60-day dispensing balloon
Many pharmacists are seeing the ‘balloon go up’ on 60-day scripts. How they respond is crucial for their futures The balloon has gone up’ is a phrase originally coined in …
Diamonds are forever
Having the right attitude and culture is key to changing the approach of a pharmacy and examining the ‘culture diamond’ may help you to achieve this With the Sigma and …
Taking control: are you a have or a have-not?
While many of the biggest issues that could affect the sector in 2025 are outside pharmacists’ direct control, how they react and prepare for these, and for factors they can …
Tell him he’s dreamin’
Pharmacy owners who take dispensing services remuneration for granted, do so at their peril. If they think their income will remain unchanged without making changes to their business model, then …
