Minutes: Report Suggests CPA Review
Uploaded by
pharmacydailyMinutes: Report Suggests CPA Review
Uploaded by
pharmacydailyLocal Area Marketing
Create your own marketing campaigns Choice of existing or customised templates Additional catchment area opportunities Your store can benefit from LAM's flexibility to promote products and prices specific to your local market.
Monday 25 Nov 2013
PHARMACYDAILY.COM.AU
For more information call 1800 036 367 or visit www.pharmacychoice.com.au
PD Plunketts winners
CONGrAtUlAtiONS to the winners of last weeks Pharmacy Daily competition, Alex Armstrong from Priceline Pharmacy Bundoora and Maryann Gale from Boambee Amcal Pharmacy, each of whom has won a Plunketts Aloe Vera Pack.
Report suggests CPA review
THE governments Productivity Commission has released a new report into the impact of Australias ageing population, which suggests a range of measures including examination of the direct costs... of the Community Pharmacy Agreements as a way of improving the overall cost effectiveness of the health sector. An Ageing Australia: Preparing for the Future models a range of economic factors, including the cost of the PBS and other health spending through to 2059-60. Health costs are projected to be the main source of pressure on government budgets over the next fifty years, and the report makes a number of suggestions about what could be changed to keep the system sustainable. As well as looking at the Community Pharmacy Agreements, other measures to improve cost effectiveness could include the choice of pharmaceuticals listed under the Pharmaceutical Benefits Scheme, the manner in which the Australian Government determines their price, and the timing of the entry of generic versions of offpatent medicines. There may also be merit in the wider use of prescribing protocols, based on principles of clinical and cost effectiveness, for certain conditions, the report says. Previous reports have projected PBS expenditure by looking at demographic growth and potential cost cuts due to the reduction in drug prices as patents expiry. More recent data show that while prices have fallen for some drugs, the volume of prescriptions has more than made up for that decrease, the report says. Medicines Australia says the report has missed the point about the sustainability of the Pharmaceutical Benefits Scheme. MA ceo Brendan Shaw said it focuses only on cost projections, without much consideration of the benefits of spending on medicines, and it also fails to project the cost of the PBS as a share of GDP. The key issue for the PBS going forward is not its financial sustainability but whether it can function effectively as a health program for the ageing population by delivering new medicines to patients in the future, he said. CLICK HERE to view the report.
TGA cancels EN Q10
HEAltH Worlds Ethical Nutrients Hi-Strength Q10 Absorb in both 100mg and 150 mg strengths has been removed from the Australian Register of Therapeutic Goods, due to lack of evidence to support the products indications - details HERE.
MINUTES
Slow moving and dead stock can be quickly identified and decisions made on whether to keep it in stock. Having an accurate stock on hand report available at the click of a button is invaluable, and now stocktake only takes me a matter of minutes!
DISPENSARY MANAGER
Are you a young Pharmacist seeking career opportunities in Brisbane with the security of mentoring, a support network and a business focus on professional pharmacy services? Reporting to Pharmacy Manager -a structured management support program is in place to help manage this dispensary.
TGA seeks inputs
THE Therapeutic Goods Administration (TGA) is seeking submissions from interested parties on advisory statements for chloramphenicol, propamidine, dibromopropamidine and sulfacetamide, when included in non-prescription medicines for ophthalmic use. The closing date for submissions is Jan 10, 2014. In addition, input is sought regarding draft composition guidelines for astaxanthin esters from haematococcus pluvialis, DHA/EPA rich Schizochytrium algal oil and calcium L-threonate. For details regarding these and other TGA matters, CLICK HERE.
Matt Boulter Owner of two Rowas in South Australian Pharmacies
For more information contact Kos Sclavos [email protected] or phone (07) 3620 6300
The strength of Terry White Chemists and the support of respected industry leaders.
www.doseinnovations.com
Phone: 1800 003 673 or Email: [email protected]
Get a $40k profit increase guaranteed!*
Get easy access to quality medicines information at a fair price Sign up for a FREE trial today 1300 118 120 www.ausdi.com.au
t 1300 799 220 Pharmacy Daily Monday 25th November 2013
Click Here
*Terms & conditions on website
w www.pharmacydaily.com.au
page 1
Advertise with us
Cost Effective Targeted Easy
Monday 25 Nov 2013 PHARMACYDAILY.COM.AU
P H A R M A C Y D A I L Y. C O M . A U
For details call us today: 1300 799 220
FIP Philippines help
THE International Pharmaceutical Federation says that the Philippine Pharmacists Association (PPhA) is now supporting the medicine requirements of military hospitals which are receiving victims of the recent typhoon. PPhA is also giving out clothes and tents to fellow pharmacists who lost everything in the disaster. A special FIP Foundation fund has been created for organisations and individuals to help - CLICK HERE.
Kids Panadol safety advisory
tHE Therapeutic Goods Administration has warned consumers that some measuring syringes supplied with Childrens Panadol Baby Drops have the potential to lead to accidental overdoses. Apparently some of the syringes have been incorrectly marked, with consumers urged to check any of the devices at home. If the dosing indicator does not begin from the bottom of the syringe near the tip, do not use the syringe to measure out the medicine, the TGA said. The issue only applies to the dosing syringes supplied with Childrens Panadol Bay Drops, and does not affect the quality of the accompanying medicine. GlaxoSmithKline has initiated a voluntary recall of the dosing device, and says that after initial investigations this appears to be a rare incident and a low safety risk. Consumers who are uncertain if their syringe is affected are being told to consult their pharmacist.
Actavis US staff slash
ACTAVIS will reduce its specialty brands sales force in the USA by about 350 people, following a review after its acquisition of Ireland-based Warner Chilcott earlier this year (PD 21 May).
New MATES module
THE Veterans MATES service has released a new package of collateral, this time dealing with the topic of oral anticoagulants. Items include a Veteran brochure titled New medicines: weighing up the benefits and risks which highlights important issues regarding the novel oral anticoagulants which have recently been PBS-listed. Theres also a Therapeutic Brief titled The oral anticoagulant dilemma which helps health professionals to make an informed decision when considering which oral anticoagulant is most appropriate for your patient. CLICK HERE for details.
Your rst choice of digital medicines knowledge its simple
If the syringe is incorrect it should be returned to the pharmacy, or the consumer can call the GSK Product Information line on 1800 650 123, the firm said. GlaxoSmithKline is conducting a thorough investigation of the issue and appropriate actions are being taken to ensure that this situation does not occur again. The company said the only component impacted is the syringe and therefore consumers may choose to dispose of the incorrect syrringe and continue using the product with another suitable syringe. GSK medical director, Dr Andrew Yeates, said that if a child has been dosed using an incorrect syringe following the label instructions there is a low risk to their health. However if parents or carers have concerns about a potential overdose they should ring the Poisons Information Centre on 131 126 or go to the hospital immediately even if your child feels well because of the risk of delayed, serious liver damage if left untreated. Pharmacists and doctors have been advised of the situation and have been asked to apply clinical judgement should a patient experience a worsening of their symptoms, Yeates said. The former dosing device for Childrens Panadol was withdrawn earlier this year due to a patent challenge by rival Reckitt Benckiser.
DISPENSARY CORNER
GO nuts for nuts. Thats the advice of a report published in the New England Journal of Medicine, with a study which found that people who regularly eat nuts appear to live longer than non-nut-munchers. Interestingly, there was a correlation between those who ate nuts and a healthy lifestyle, but the nuts themselves were also found to contribute to a longer lifespan, reports the BBC. The study followed almost 120,000 people over a 30 year period, and the more reguarly people consumed nuts, the less likely they were to die. Those who ate nuts once a week were 11% less likely to have died during the study than those who never ate nuts. And subjects who had a daily serve of nuts had a reduced death rate during the study of 20%. The nuts were found to impact death rates due to heart disease (29%) and cancer (11%). The researchers suggested that the nuts were having an impact on levels of cholesterol and insulin resistance. The study was funded by the US National Institutes of Health along with the International Tree Nut Council Nutrition Research and Education Foundation. The British Heart Foundation said that more research was needed to verify the connection.
Future proof your pharmacy now. Get Covad.
Call 1300 788 467 or visit us at www.covad.com.au
Pharmacy Daily Monday 25th November 2013 t 1300 799 220 w www.pharmacydaily.com.au page 2
Dont miss the Boat.
Follow us on:
Monday 25 Nov 2013 PHARMACYDAILY.COM.AU
Just one click away from keeping up to date with all the breaking news as it comes to hand...
Weekly Comment
Welcome to PDs weekly comment feature. This weeks contributor is Richard Manthey, National Manager of Pharmacy Choice.
Aussies fat pill-poppers
AUStrAliANS are an obese race of pill-poppers according to a report by the Organisation for Economic Co-operation and Development (OECD). The report, Health at a Glance 2013 - OECD INDICATORS, summarises trends and influences shaping health status, services and policies in countries around the world. While life expectancy in OECD countries is rising, so is the burden of chronic diseases such as diabetes and dementia. Australia has the seventh highest life expectancy (82 years) out of 41 countries evaluated, while spending less than half per capita on health compared to the USA which has a life expectancy of 78.7 years. Although the report shows that Australia has reduced cardiovascular disease deaths by 51% over the last 20 years, there is a risk of the next generation living shorter lives than their parents because of the increasing obesity problem. Australia moved from fifth to fourth fattest country in the tables, with 28.3% of the adult population being obese - behind the US at 36.5%, Mexico with 32.4% and New Zealand at 28.4%. Professor of Health Policy at Curtin University, Mike Daube told Fairfax media that the extent of the problem is not fully appreciated by politicians who appear to be in policy denial about obesity in Australia. We arent just fat, Professor Daube said. We are on the medal podium - one of the fattest countries in the world. We have a top-class health system, we are smoking less, we eat a lot of fruit and vegetables and our life expectancy is now around 82 - but much of this progress is being put at risk because of our dismal failure to deal with obesity. The report also measured pharmaceutical consumption, with growth in medication spending slowing down in many countries, but in many categories the quantities consumed continued to increase, partly driven by growing demand for drugs to treat ageingrelated and chronic diseases. The use of cholesterol-lowering drugs has more than tripled across OECD countries, with Australia having the highest global consumption of these medications per capita. The consumption of antidepressants has also increased significantly, with Australia being in second place per capita globally after Iceland. To see the full OECD health report CLICK HERE.
FDA approvals
THE US Food and Drug Administration has approved the first adjuvanted vaccine for the prevention of H5N1 avian influenza. The vaccine is for use in people 18 years of age and older who are at increased risk of exposure to the H5N1 influenza virus. Its not intended for commercial availability, but has been purchased from GSK offshoot ID Biomedical in order to supplement the US National Stockpile. The FDA has also approved Olysio (simprevir) which is a new therapy to treat chronic hepatitis C. Olysio is a protease inhibitor that blocks a specific protein needed by the hepatitis C virus to replicate, and is to be used as a component of a combination antiviral treatment regimen. Nexavar (sorafenib) has also been FDA-approved to treat late stage differentiated thyroid cancer. Other FDA approvals include four diagnostic devices which can be used for high throughput gene sequencing, with two of the systems able to be used to detect DNA changes which can result in cystic fibrosis.
Be on message
THErE are many factors in todays complex retail environment which impact the way consumers shop. While convenience and service are still the two main reasons why consumers shop where they do; the emergence of discounters has seen many pharmacies put a strong focus on price. One of the most important factors in setting your pricing strategy is to ensure it forms part of your total store strategy and message to customers what do you stand for, what do you want to be known for, can you deliver on your message and is it sustainable and profitable? While I acknowledge that being competitive on price is necessary, having an offer that matches your total store message is still the most important thing. There is no point in saying that you are the cheapest pharmacy in town if youre not. This only creates ill feeling with your customers. However, if youre sending the message that youre about good service and advice for their total health needs at an affordable price and you deliver on that, then you are more likely to build a loyal following. Value for the consumer can be achieved in several ways through service and advice, information, companion sales (building trust and rapport), convenience and ease of doing business with. Remember, price alone is only one factor. editors Bruce Piper and Mal Smith
WIN A DESIGNER BRANDS SHOWTIME COLLECTION
Nesina correction
NESiNA, indicated to improve glycaemic control in adults with type 2 diabetes, when added to other anti-diabetic medications, will become the first and only DPP-4 inhibitor to be reimbursed second line without the need to demonstrate contraindication or intolerance to sulphonylurea or metformin (PD Fri). This PBS reimbursement for Nesina will take effect from 1st December 2013 onwards.
This week Pharmacy Daily is giving five lucky readers the chance to win a Designer Brands Showtime Collection kit, valued at $39.99. This year Designer Brands has Christmas all wrapped up with inspiring gift ideas starting from only $7.99. The 2013 beauty must-have is Designer Brands Showtime Collection, it is an essential make-up palette contains over 150 products! Inside you will find an extensive range of 70 Eye Shadows, 12 Crme Eye Liners, 54 Lip Glosses, 3 Blushes, 6 Lip & Cheek Crmes, 3 Illuminators and Applicators. To win this exciting prize pack, simply be the first person to correctly answer the question below to: [email protected].
Are Designer Brands Cosmetics Australian Owned?
email [email protected] advertising Magda Herdzik email [email protected] page 3
Pharmacy Daily is a publication for health professionals of Pharmacy Daily Pty Ltd ABN 97 124 094 604. All content fully protected by copyright. Please obtain written permission from the editor to reproduce any material. While every care has been taken in the preparation of Pharmacy Daily no liability can be accepted for errors or omissions. Information is published in good faith to stimulate independent investigation of the matters canvassed. Responsibility for editorial is taken by Bruce Piper.
