Risk share a priority issue

Forefront

Date: 14 December 2016

The Guild is continuing to press the Government and the Department of Health on the issue of the 6CPA risk share.

The Guild is stressing that the Government and the Department need to redress the significant shortfall in prescription volumes in the first 12 months of the Agreement. 

It is important to note that the risk share in the Agreement is a two-way street. 

If the annual prescription volumes written into the Agreement are materially exceeded, the Federal Government is reimbursed, protecting it fiscally against a blow-out in PBS volumes.

If there is a material shortfall in prescription volumes, community pharmacies are reimbursed, providing them with the certainty they need to invest, employ and provide services to their patients.

In 2015-16, there was a 6.5 million or 2.14 per cent shortfall in prescription volumes. 

This issue has been a priority for us in recent weeks, with Guild Members from all States involved in our advocacy work to ensure that the Agreement is upheld and honoured in relation to prescription remuneration. 

Contact: Peter Waterman

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