Guild Update – 19 Jan 16 : Digest confirms community pharmacies under pressure
January 19, 2016
THE release of the 2015 Guild
Digest has confirmed the tough
trading conditions being faced
by Australia’s 5,500 community
pharmacies.
The 2015 Digest, the 43rd
edition, presents a snapshot of
pharmacy operations in Australia
for the financial year 2013-
2014, based on a sample of 436
pharmacies.
There have been significant
changes in the operating
landscape of pharmacies over
the past 10 years due to growing
regulatory and competitive
pressure, including major reforms
of the Pharmaceutical Benefits
Scheme. The Digest confirms a
substantial reduction in revenue
since 2010 linked to the PBS
reforms.
Compared with the previous
year, 2013-2014 results show a
downward trend in overall sales by
1.79 per cent, with gross margin
down by 0.9 per cent.
The Digest also reveals that
around 16 per cent of pharmacies
are located in rural areas, and
there was one pharmacy for every
4,305 Australians in 2014.
On average, each community
pharmacy is open 62.7 hours a
week, and is open for an average
of 10 hours a day during the week.
Members can log into the Guild
website to read the 2015 Guild
Digest under the Business Support
tab.
The above article was sent to subscribers in Pharmacy Daily's issue from 19 Jan 16To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 19 Jan 16
