Guild lists toxic trio of threats to pharmacy
An annual snapshot of community pharmacy reads like a roll call of bad news: sales revenue is down, wages spending is down and rents are up.
Pharmacies are operating on an average profit margin of just $110,000 per annum, with prescription revenue taking a 4.59 %, nosedive and overall sales revenue dropping 2.5 %, according to figures largely based on the the Pharmacy Guild’s survey of 313 members for 2014-15.
This is in contrast to the five years to 2009 when pharmacy sales were growing at a rate of 4.76% (CAGR).
The Guild has blamed the downturn on price disclosure PBS reforms, higher expenses and the continued rise of discount pharmacies, warning the toxic trio of influences now pose a “potential threat to pharmacy viability”.
“Hundreds of drugs are much cheaper than they were three or four years ago,” a spokesman for the Guild