Pharmacists face unique challenges.

Poor prevailing economic conditions coupled with continued cuts in government reimbursement rates have eroded profitability. In an era of declining profits the short term goal for many operators is financial survival.

In 2012 Fitzgerald Power studied a cross section of Retail Pharmacies throughout Ireland. Our report presented the findings of this study and highlighted the challenges facing the sector, offering practical advice to pharmacists.

The introduction of reference pricing in November 2013 compounded these challenges. Our 2014 report looked at the impact of reference pricing and the wider retail specific issues pharmacists face.