PBS Reforms and Generics
Over this financial year (FY07/08) Pharmacy Owners in Australia will have to improve processes and practices to maintain longevity and gross profit. The PBS Reforms taking place this August will be very significant to your cashflow.
So now is the time to invest in reconsidering your current strategies within your pharmacy.
And that is where Health and Savings come in, we are here to help you manage your supplier relationships by increasing your sales of their lines and hence improving your bottom line. We have close relationships with Sigma our preferred first line wholesaler and Generic Health who both have the right kind of service and locations nationally to best suit a growing business.
We also offer a Generic Overview of your dispensary, we inform you on where your substitution levels are at, where the dollars are that you are missing and also if you were to change suppliers how much you could make and or lose. All this is done in-house for you so that you then control what is happening in your pharmacy and not the suppliers controlling you.
As every Pharmacy is different we look at every Pharmacy at an individual level ,what works in one Pharmacy may not work in your Pharmacy and or the suppliers that can offer you a better return may be different to another stores supplier. It all comes down to the analysis of your data and demographic mix. Which is once again done in house and not by the supplier.
Please see below for an example graph in regards to substitution levels.
Health and Savings have close relationships with our suppliers and we can through those relationships supply all relevant Marketing and Training.
Whether you are looking to become part of a new Pharmacy Group or just want us to improve your bottom line by way of Consult, Health and Savings will tailor a model to suit your business and requirements.
Please feel free to contact us for a free no obligation meeting to discuss how we will work for you.
