Home' Australian Pharmacist : Australian Pharmacist December2016 Contents Australian Pharmacist December 2016 I ©Pharmaceutical Society of Australia Ltd. 25
Professional services growing
but confidence neutral
Community pharmacy remains in a state of uncertainty, according to the
results of the annual 2016 UTS Community Pharmacy Barometer.
However, despite this uncertainty, nearly
two-thirds of community pharmacists
(60%) say they have started delivering
professional services. The 6th CPA has
laid a great professional and financial
foundation for their development.
The survey is an annual UTS and
Bankwest-led initiative used to track
pharmacy sector confidence. The score
for this year's Barometer was 85.9 out
of 200, with a score of 100 representing
neutral confidence. The result indicates
a continuing sense of neutrality among
community pharmacists about the
future of the profession.
The outcome is not surprising -- a number
of reviews outlined in the 6th Community
Pharmacy Agreement (6CPA) have started
to evolve, and the continuing impact
of the Expanded and Accelerated Price
Reduction policy is biting.
The Head of the UTS Graduate School of
Health Professor Charlie Benrimoj said:
'Community pharmacy is still unsure
about its future prospects. Although the
6th CPA provided a temporary rise in
confidence, we are back to 2012 levels.
It's pleasing to see that, regardless of the
challenges facing the sector, the majority
of pharmacists are incorporating
professional services into their pharmacy
programs,' Professor Benrimoj said.
The survey found 40% of pharmacy
owners believed the value of their
pharmacies would remain the same
over the next 12 months. However an
additional one in eight believed they
would see a significant increase in the
value of their businesses over the next
year -- the highest predicted increase in
the history of the Barometer.
In contrast to media reporting on tensions
between the Pharmacy Guild of Australia and
the Australian Medical Association, 80% of
pharmacists reported positive relationships
with local GPs -- highlighting the wealth of
opportunities inherent in multidisciplinary
collaboration, which would position
pharmacists to play a key role in the delivery
of new primary healthcare solutions.
'The public hype about bad professional
relationships between pharmacists and
GPs is posturing by political leaders,'
Professor Benrimoj said. 'On the ground,
community pharmacists and general
medical practitioners are working
together extremely collaboratively.'
The King Review, with its 140-question format,
called for ideas and opinions in areas such
as the potential for new business models,
changes to location rules, and restrictions
on scheduled medicines. However, the
Barometer showed that pharmacists were
concerned about the possible negative
outcomes resulting from the review,
further demonstrating uncertainty within
the sector and a reluctance to pursue new
directions as a result of the review's findings.
Bankwest Business State Manager NSW/ACT
and a member of the Barometer's panel
of experts Mario Saia said: 'We're seeing a
wariness when it comes to new business
models due to a lack of certainty within the
profession. It's a case of better the devil you
know than the devil you don't.
'While some pharmacy owners might be
seeing a stabilisation of profits within
their existing business, capitalising
on new opportunities is key to future
business growth. This is important for
individual pharmacists and the broader
pharmacy sector, as well as for outsiders,
like prospective purchasers, who want to
see an increase in overall value rather than
just a righting of the ship,' he said.
The negative economic pressure on
community pharmacy and failure to seize
new opportunities may also be putting
downward pressure on wages, with most
pharmacists now earning between $30
and $40 an hour. While lower wages may
alleviate immediate financial problems for
owners, there is the very real worry that
the profession will struggle to attract high
calibre candidates into pharmacy's ranks.
On the ground,
and general medical
practitioners are working
Links Archive Australian Pharmacist November 2016 Australian Pharmacist January 2017 Navigation Previous Page Next Page