WELCOME to the second edition of our 2017 Pitcher Pharmacy newsletter; keeping you up-to-date with ongoing community pharmacy industry changes and their impact on owners, while offering insights on business performance and improvement opportunities.
In positive news since our last update, the May Federal Budget confirmed ongoing support for the existence of Pharmacy Location Rules. More recently, wholesalers were granted an increase in government Community Service Obligation funding. Moreover, pharmacies now receive an increased Administration and Handling Incentive (AHI) fee to compensate for lower-than-projected Sixth Community Pharmacy Agreement (6CPA) script volumes, together with a remuneration improvement to the funding of dose administration aids (DAAs).
Meanwhile, the Review of Pharmacy Remuneration and Regulation was completed. It provides a list of recommendations which, in our view, reflected the contribution of the various interest groups that participated, but largely avoided any mainstream media focus that previous reviews have generated.