As community pharmacy reflects on and learns from its excellent response to the COVID-19 pandemic, the time is now right to move forward and plan for reset and recover. Large multiple pharmacy groups are already announcing significant restructuring and remodelling plans in response to the financial, operational and landscape challenges, but where does that leave independent pharmacy? Negotiations on COVID-19 related costs have now begun plus discussions on next steps for implementation of the … [Read more...] about Pharmacy Reset & Recover
Strategic planning
Pharmacy Transformation
Some would say that transformation in pharmacy will never happen, some that it is overdue; others would say its on the horizon, but most are witnessing that it is here and now! We are going to experience a radical and rapid evolution in what community pharmacy looks like and does in the next five years, those who adapt will continue to successfully operate as healthcare providers. In 2009 we looked ahead at what was fairly predictable and being looked for by commissioners. That led to the … [Read more...] about Pharmacy Transformation
Planning for a sustainable 2019 and beyond
Everyone who owns or works in a community pharmacy in England is experiencing a very challenging time, both professionally and commercially. The current funding settlement together with reinstatement of the temporarily postponed Category M overspend recovery, creates further cashflow and profitability issues for many owners, particularly independents. This is on the back of almost three lost years whilst the judicial review of the previously imposed funding settlement was pursued when we were … [Read more...] about Planning for a sustainable 2019 and beyond
Planning for a sustainable future
The announcement of the funding settlement for the remainder of the 2018/19 financial year will not be well received by pharmacy owners in England. That, together with reinstatement of the temporarily postponed Category M overspend recovery, will create further cashflow and sustainability challenges for many owners, particularly independents. Unfortunately, this was predictable on the back of almost three lost years whilst the judicial review of the previously imposed and poorly implemented … [Read more...] about Planning for a sustainable future
SMARTER Goals
Most of us have come across the acronym SMART when developing goals or making plans, but how many of us have made these goals and plans SMARTER? So often our life or business goals are not sufficiently specific or measurable and many do not have an 'achieve by' timeline all of which are critical to achieving those goals. Even if these elements are all in place, we often fail to measure whether we are on track to achieve or have achieved the desired goals. This is where the ER in SMARTER comes … [Read more...] about SMARTER Goals