advice on new pharmacy

[rafter]

Hello, Im thinking of applying for a pharmacy contract but was wondering whether its worth it as i keep reading about the squeeze on pharmacy renumeration. Does anyone know roughly what the average gross profit for a pharmacy dispensing 6000 items per month. (probable 100 hour pharmacy probably in a dense populated area with a surgery 100 metre away and a prescription factory of a pharmacy 500 metre away)
Also cant make head nor toe of the drug tariff, do contractors actually get any % margin after the government have taken their slice of the cake with deductions?
thanx

[Pharmanaut]

Hello, Im thinking of applying for a pharmacy contract but was wondering whether its worth it as i keep reading about the squeeze on pharmacy renumeration. Does anyone know roughly what the average gross profit for a pharmacy dispensing 6000 items per month. (probable 100 hour pharmacy probably in a dense populated area with a surgery 100 metre away and a prescription factory of a pharmacy 500 metre away)
Also cant make head nor toe of the drug tariff, do contractors actually get any % margin after the government have taken their slice of the cake with deductions?
thanx

100 hours is a long, long time to cover a pharmacy.

The position is, you have to beat the tariff prices all the time from your suppliers, the better the price the more is your profit. The tariff will then catch up and down goes the price... and so the viscious circle ensues. You are then plugged into the numbers game just like the prescription factory down the road.

In some places the 100 hour has opened up in the Health Centre itself. So the prescription factory becomes yours. (You and your GP partners then own the pharmacy)

[Stratos]

100 hours is a long, long time to cover a pharmacy.

The position is, you have to beat the tariff prices all the time from your suppliers, the better the price the more is your profit. The tariff will then catch up and down goes the price... and so the viscious circle ensues. You are then plugged into the numbers game just like the prescription factory down the road.

In some places the 100 hour has opened up in the Health Centre itself. So the prescription factory becomes yours. (You and your GP partners then own the pharmacy)

How the prescription factory becomes his own factory mate???

[johnep]

I think you are confusing ownership of the pharmacy with ownership of the premises. The GPs will let you run the pharmacy in their premises for an exhorbitant rent or share of the profits.
johnep

[johnep]

Opening a new pharmacy Regulations PSNC
I found this in a second on google. Why didn't you?
johnep

[Stratos]

Opening a new pharmacy Regulations PSNC
I found this in a second on google. Why didn't you?
johnep

Grate!

[johnep]

Fire grate, grater for cheese or did you mean "Great"?
johnep

[shan]

Grate!

First necessity is good english and registration as a practicing pharmacist. Rest all can be managed based on the economics.

Shan

ps: It's my opinion and in no way to annoy anyone or make fun of anyone.

[Stratos]

First necessity is good english and registration as a practicing pharmacist. Rest all can be managed based on the economics.

Shan

ps: It's my opinion and in no way to annoy anyone or make fun of anyone.

Omg!! Guys I have to explain that I know the difference between grate and great?? I don't think so.. I am not perfect on typing on the keyboard.
But you are speaking really good English guys to notice these things.

[DavidS]

the difference between grate and great??

Good English is great.
Bad English grates.

<giggle>