Business Class
Dequeuing your queues
Community pharmacies must pay more attention to the amount of time patients spend in queues, says Glenn Guilfoyle Regardless of all the latest retail pharmacy challenges and opportunities: electronic prescriptions, …
What can cash flow projections do for your pharmacy?
Preparing annual financial projections and monitoring for your pharmacy is imperative to fully understand and control your pharmacy business model, writes Lachlan Ballinger Cash flow projections provide pharmacy owners with …
Getting the right terms
Capitalisation rate and return on investment are often confused. Natalie Sirianni explains why you need to know the difference when buying or selling a pharmacy When calculating the value or …
If I were a carpenter
Concerns about the rate of pay for pharmacists are creating a crisis of biblical proportions for community pharmacy. Bruce Annabel and Mal Scrymgeour investigate Jesus was a carpenter. If Jesus …
The tax situation
An update on the state of personal and business taxation in the wake of the Federal Budget, by HLB Mann Judd 1/ Personal Tax Personal tax rates unchanged for 2021–2022 …
What’s happening with pharmacy apps?
Pharmacist Ben Wilkins takes a look at the latest developments in the app landscape Pharmacists are familiar with the long-standing apps MedAdvisor and myPharmacyLink or their branded variations via banner …
Strong demand
The pharmacy sales market remains positive, according to the latest pharmacy market sentiment report, says Natalie Sirianni The third iteration of the Attain Pharmacy Market Sentiment Report has revealed a …
You don’t want to focus on a Plan B
Pharmacies need to focus on having the best plan A and not hedging their bets on other options, say Bruce Annabel and Mal Scrymgeour Recently we discussed a topic that …
Electronic execution and remote witnessing
What are the latest developments that pharmacists need to know? Stephanie McGrath explains The Electronic Transactions Act 1999 (Cth) permits transactions to occur electronically. However, this legislation does not apply …
Freedom fight
Sarah Stoddart explores this pharmacy’s challenge to the exercise of ministerial discretion The Federal Court of Australia has dismissed an application challenging the Minister for Health’s discretionary power to approve …
Call of the mall
Shopping malls are in decline. Despite high rents, they’re still a prime location for pharmacy, but can they still be profitable? Bruce Annabel and Mal Scrymgeour explain It was Ralph’s …
Cyber security: a growing risk
The health sector continues to lead the way in data security breaches, and experts say pharmacy needs more investment in prevention Given everything else that has occupied our attention over …