ADDING to its suite of tools "designed to help transform community pharmacies into a model providing more viable professional health advice and services", the Pharmacy Guild of Australia has released ScriptMAP 2020.
The product is promoted as "the industry's leading financial forecasting product," delivering a customised analysis, based on the pharmacy's own dispensing data for 12 months, of changes to the PBS predicted out till 2020.
A Guild spokesperson said ScriptMAP 2020 forecasts business remuneration out to 2020 and assesses the expectation for alternative business strategies to suit the community pharmacy.
"Prescriptions account for an average 66.5% of pharmacy revenue - making intelligence on projections the necessary first step in helping owners manage their pharmacy business and minimise risk," the spokesperson said.
"By analysing a pharmacy's dispensing data, ScriptMAP combines volume growth, substitution rates, discounting data and trading terms to evaluate the expected gross margin for the business to 2020."
The system is said to lend itself to supporting business planning or applying for finance.
"ScriptMAP is utilised by pharmacies in making business decisions, improving and sustaining pharmacy profits, and is widely respected and utilised by valuers, accounting groups, banking and political arenas," the Guild said.
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