Posted by Michael Wonder on 30 Nov 2016
Pharmacies need 6CPA risk share
30 November 2016 - The reason why the Federal Government and community pharmacies have entered into six successive agreements for more than 25 years is that they provide certainty for both parties.
Certainty for the Federal Government that PBS medicines will be supplied to all Australians efficiently and to a quality standard utilising the trusted national network of community pharmacies.
Certainty for community pharmacies about the remuneration they will receive from the Federal Government in order to make the investments in their businesses to undertake the task of dispensing PBS medicines to the Australian public.
The annual reconciliation and associated risk share in the Sixth Community Pharmacy Agreement is the mechanism that delivers the fiscal and business certainty that goes to the heart of the Agreement.
Like all risk share arrangements, the risk share in the Agreement cuts both ways.
