10 things to know about review panel’s financial survey

  1. The salary drawn by pharmacy owners varies widely, from less than $40,000 to more than $100,000 for a “significant minority”.
  2. Annual sales above $1 million are more common in metro areas. Profits are also higher in urban locations.
  3. Virtually no rural or remote pharmacies reported profits above $200,000 a year.
  4. On average, less than 5% of revenue is used to service debt.
  5. City pharmacies receive more remuneration from government-supported services, with most income from Dose Administration Aids (DAA).
  6. Pharmacies received less in wholesaler discounts than they did the previous financial year.  Some rural and remote pharmacies receive higher discounts than their city counterparts
  7. DAAs, sick leave certificates, opioid dependence treatment and staged supply are the most common fee-based services offered by pharmacies
  8. One-third of pharmacies provide pharmaceutical services to nursing homes