Business Class
The trouble with purpose
Many pharmacies have a purpose that motivates their actions, however, they often have a flawed, or even no, plan to achieve this goal In 1860, the Royal Society of Victoria …
A partner you can trust
Lachlan Ballinger explains why a pharmacy accountant is crucial to succeed in pharmacy In some states, as little as 30% of pharmacy owners are utilising the benefits of a pharmacy …
A funny thing happened to me at Bunnings the other day
An experience at his local Bunnings provided Glenn Guilfoyle with an experience that he says has nothing, but also everything, to do with retail pharmacy I have an allegory to …
Technology: risk or reward?
A US pharmacy giant is shifting much of its prescription volume to be filled at automated centres, saying it will free up pharmacists’ time. Is this the future for community …
Considering ownership
You’re considering getting into ownership, but where do you start. John Thornett has some tips to consider The most common entry point for pharmacists into the world of business ownership …
Bulletproofing your pharmacy
With many pharmacies currently experiencing a pandemic income ‘high tide’, it’s vital to prepare before the next low tide arrives The bullet proof vest has a chequered history with an …
Market staying strong
Buyer and seller confidence remains high in the community pharmacy sales market, survey reveals Confidence in the market “remains quite strong” according to the latest iteration of the Attain Pharmacy …
Survivor bias
What does business data tell us about a pharmacy’s ‘survivor bias’, and how can it be used to change a pharmacy from one that is simply surviving to one that …
Treat first, then relieve
A lot has changed in pharmacy during the pandemic, however Glenn Guilfoyle says many pharmacies may still not be taking every opportunity to ask patients the right questions After more …
Trading hours of PBS-approved pharmacies
What hours are PBS pharmacies required by law to trade? Stephanie McGrath explains Pharmacy law perspective Section 98(3) of the National Health Act allows the Secretary to cancel a PBS …
Current trends in valuations
There are significant issues that need to be addressed in current pharmacy valuation reports, says John Thornett Valuation trends in pharmacy land continue to change and evolve with the times, …
A seller’s market
Confidence is high in most of the pharmacy real estate market, however some areas have suffered during the pandemic. Natalie Sirianni gives her views on the state of the market …