New Financial Year | Avoid this mistake

New Financial Year | Avoid this mistake

As we approach the end of the financial year, Peak Strategies is here to assist pharmacies in reaching new levels of success. Our mission is to guide you through a simplified and easy-to-implement internal planning process.

I am fully aware that the pharmacy industry, particularly owners and managers, are currently feeling fatigued and overwhelmed by the uncertainties and anxieties surrounding the recent policy changes. However, I want to stress that setting up a simplified and easy procedure for revenue growth can make a significant difference for your pharmacy.

Empowering Women in Pharmacy

Empowering Women in Pharmacy

Hello, everyone! It's been a while since my last blog, and although I wish I could say it's been a quiet few weeks, so much has happened. I want to highlight two standout events that occurred during this period: the government's introduction of the 60-day dispensing measure in the recent Federal Budget, and the opportunity I had to host a panel discussion at the inaugural Women in Pharmacy Western Australia (WIPWA) networking event.

Pharmacy Owners: Must-Do Actions Before the 30th of June 2023

Pharmacy Owners: Must-Do Actions Before the 30th of June 2023

The countdown to the end of the financial year has begun, and its high time for pharmacy owners to take charge and prepare for a stellar finish. As we inch closer to 30 June, we often receive an influx of inquiries from pharmacy owners and managers, all echoing the same question: "What must we do before the year ends?" Well, fret not, for we have the answers you seek. In this article, we'll delve into the crucial items that demand your attention as you wrap up the year. Get ready to uncover the key tasks that will ensure your pharmacy enters the new fiscal year on a strong footing. Let's dive in!

What are your 60 day strategies?

What are your 60 day strategies?

In the past, Community Pharmacy Agreements provided a sense of security for the community pharmacy industry, offering a clear outlook for the next 5 years. It allowed owners to grasp their business model, profitability, and cash flow, providing a foundation for continued funding from the banking system. However, the world of pharmacy is currently far from certain due to a hastily implemented, non-consultative policy by the Health Minister. Uncertainty now looms over numerous aspects of community pharmacy, leaving owners worried about their future income, cash flow, business worth, and overall sustainability. This uncertainty has cast a shadow over every facet of this vital industry, which plays a crucial role in community health.

Your Pharmacy's Income and Stability

Your Pharmacy's Income and Stability

We understand the emotions in the industry currently. Many are very concerned about the future of their businesses, given the potential impact of 60 Day dispensing and what we know (so far). Whilst we must continue with our best efforts to advocate to MP’s, we also need to focus some of our attention to your pharmacy as a business.

Acknowledgement of Country

Peak Strategies acknowledges the traditional custodians throughout Western Australia and their continuing connection to the land, waters and community. We pay our respects to all members of the Aboriginal communities and their cultures; and to Elders both past and present.

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