The Pharmacy Business Network or PBN 2015 is a unique event on the pharmacy industry calendar. The focus of the PBN 2015 is to provide the industry with tools to improve business planning, management and profitability.

The upcoming 2015 Pharmacy Business Network event will build on the success of the 2014 event which delegates have described as thought provoking, stimulating, invaluable and innovative. The 2015 program will include practical hands-on workshops, high profile speakers, and networking opportunities that will be worthwhile for all pharmacy owners, managers, staff and students.

The Pharmacy Business Network 2015 will deliver many opportunities, both in challenging the skills and understanding of pharmacy businesses, as well as building on professional and industry connections.

Customer retention, cost of goods sold, compliance, operating costs, time to profitability, profit margins, labour costs, inventory turns, productivity and employee turnover have always been a part of pharmacy – however, now more than ever, pharmacy is looking for more value in these areas. The key for pharmacy is to master the knowledge available, so that they remain successful and viable businesses in this challenging environment.

COMMUNITY PHARMACY IS A BUSINESS

Community pharmacies in Australia are highly regarded and trusted by the public. We know that the model of pharmacy works well to provide 5200 healthcare hubs across the continent, serving the needs of all communities. But such a lauded system requires nurturing and maintenance — and it also has to move with the times.

Business is a volatile and fast moving field, and pharmacy owners, managers and the staff all know that there will always be competition and changes to community expectations that require our businesses evolve and improve.

Now more than ever, pharmacy is looking for more value in these areas:

  • customer retention
  • cost of goods sold
  • compliance
  • operating costs
  • time to profitability
  • profit margins
  • labour costs
  • inventory turns
  • productivity
  • employee turnover

We know that trading conditions are tough – there are serious economic and industry trading pressures that are putting a squeeze on the viability of our businesses. That’s why it is all the more important in these times to fine tune the business operation of community pharmacies, to help us all withstand the inevitable changes ahead.

MASTER THE KNOWLEDGE

The key for pharmacy is to master the knowledge available, so that they remain successful and viable businesses in this challenging environment.

And one way to achieve this is through a learning interaction with colleagues and peers. This event, the PBN, is a prime way to do this, and a great opportunity for all of us in the vibrant business sector.