How has price disclosure impacted you?

piggy bank, money and calculator

It’s getting close to 10 years since price disclosure was first introduced… how has it impacted your pharmacy?

There’s no doubt that since price disclosure was introduced in 2007 – and certainly since the first price reduction under simplified price disclosure took place on 1 October 2014 –  it’s had a profound effect on the community pharmacy sector.

When two Rockhampton pharmacies were placed under administration last week, it was speculated that price disclosure (alongside high rents) was a key factor. Recently one financial services provider said that loan breaches had soared as a result of price disclosure’s impact.

And this week we heard from Peter Feros, a pharmacist owner with interests in numerous pharmacies and director of Ventura Health, who wrote that the program has had ongoing flow-on effects including on pharmacist wages.

AJP would like to know if price disclosure has impacted your pharmacy’s bottom line. Has introducing revenue streams such as professional services helped replace wholesaler and generic supplier rebates? Or has price disclosure hurt wages, job opportunities and services in your pharmacy? Let us know in the poll or in comments below!

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NOTICE: It can sometimes take awhile for comment submissions to go through, please be patient.

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