Three in five pharmacies expect profits to grow

Three in five pharmacies expect their profits to increase in the next 12 months, according to a report by Lloyds Bank.

The bank's healthcare confidence index cited pharmacy as having “the second most optimistic outlook” behind dentistry but ahead of general practice.

“Pharmacists’ confidence took a big knock three years ago when the government announced significant changes to their funding, and while those reforms have clearly had an impact, this survey shows a sector with real ambition,” the report said.

“While the sector acknowledges the potential impact of competition from online pharmacies, their ambitious mindset is evidenced in the fact that the sector also sees growth opportunities in embracing the electronic prescription service.

“Overall, most pharmacists (60%) now expect to grow profits over the coming 12 months, and the vast majority (94%) are pursuing growth.”

The report, however, said four in five pharmacies, or 79% of pharmacies, expect financial pressures on their businesses to increase in the next five years.





Picture: petekarici (iStock)


Charity receives complex, distressing calls from pharmacists

RPS launches inclusion and diversity programme

This website is for healthcare professionals, people who work in pharmacy and pharmacy students. By clicking into any content, you confirm this describes you and that you agree to Independent Pharmacist's Terms of Use and Privacy Policy.

We use essential, performance, functional and advertising cookies to give you a better web experience. Find out how to manage these cookies here. We also use Interest Based Advertising Cookies to display relevant advertisements on this and other websites based on your viewing behaviour. By clicking "Accept" you agree to the use of these Cookies and our Cookie Policy.