Good stock management will be essential for minimising the financial impact of mandatory price reductions due on 1 April, the Pharmacy Guild of Australia believes.
In his monthly opinion piece in his state’s Guild Bulletin, Si Banks, NSW Guild president, warned pharmacists that they could face hefty bills if they do not manage their supply levels in the lead up to price disclosure, which will see a nine per cent drop in PBS-RPBS revenues.
“This does not mean a drop in profit of nine per cent. However, as most rely on cash flow to pay bills, you must consider the effect this reduction will have when planning for February, March and April of this year,” he said.
“Stock management is crucial, because significant...
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