Outsourcing bookkeeping can be a lifeline for your pharmacy

Outsourcing bookkeeping can be a lifeline for your pharmacy

In this era of pharmacy, the challenges are evident. You’ve all felt the impact of THE recent industry event, which have ushered in an era of penny-pinching and cost-cutting. Pharmacies across Australia are tightening their wallets and exploring ways to manage their expenditures. Reduced working hours, optimisation of staffing, and various other cost-saving measures has become the order of the day. What we're seeing, though, is a common theme: the overflowing bucket of responsibilities that pharmacy owners already carry.

Tax Legislation Changes & Cash Flow

Tax Legislation Changes & Cash Flow

Tax legislation is forever changing. An important part of our client service is to ensure our pharmacy and small business owners are up to date on such changes, and that we implement the most tax effective strategies. The purpose of this blog is to highlight a few recent changes that may affect your business and overall family group taxes.

Budget Friendly Strategy

Budget Friendly Strategy

My weeks have been filled with a lot of meetings of late and in these meetings a common theme  keeps cropping up. All pharmacies are looking for a  simple marketing strategy that they can implement to boost their customers’ average spend in store. The most common approach  in pharmacy is when a patient needs a specific prescription or service, your team is trained to offer additional products or services during that transaction. This is a valuable yet simple method, and I recommend for every pharmacy to do this.

Top KPIs to Monitor During 60 Day Dispensing

Top KPIs to Monitor During 60 Day Dispensing

Community Pharmacy  is a resilient industry and over the years you have had a lot of challenges thrown at you and boy have you battled hard for your community; for all Australians. Unfortunately, another obstacle has been thrown into the pharmacy landscape and your next challenge which will have a huge impact on your business and patients’ welfare is to commence on 1 September 2023; 60 day dispensing.

Pharmacies are likely to be impacted negatively through this policy and I want to share some insights on how you can keep track of your pharmacy’s performance through Key Performance Indicators (KPIs)

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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