THE rate of change around the latest Pharmaceutical Benefits Scheme (PBS) reforms has outstripped the capacity of many pharmacies to absorb the impact or manage long term rental commitments premised on previous PBS pricing arrangements, according to an analysis by Allfin Financial Services.
Allfin md Mark Churchill said the unrealistic timeframes in which the reforms have been applied mean many pharmacists are caught in a difficult position.
"Their commitment to offer an integral service to their community (now for significantly less money) is being compromised by their responsibility to pay their landlords and their staff," he said, urging pharmacy owners to approach landlords now rather than wait until existing leases end.
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