Ep 56 - Ready, Set, Submit: Preparing for the PBS approval process

In this episode of the Calm the Pharm podcast, host Sarah Stoddart delves into the critical PBS (Pharmaceutical Benefits Scheme) approval process involved in owning a pharmacy in Australia. This discussion follows the previous episode, which highlighted different practices by buyers that facilitate a smooth transaction in acquiring a pharmacy. The episode highlights that properly understanding the PBS approval process and maintaining compliance from day one are crucial for the success and tranquility of pharmacy ownership. Owners who stay organised and proactive tend to position themselves better for future endeavors, whether that includes selling the pharmacy or acquiring new ones. Overall, the discussion underscores the importance of navigating the PBS approval process with clarity and preparation, ensuring that pharmacy ownership can be a rewarding venture. Calm The Pharm is brought to you by your host, Sarah Stoddart. Sarah is the founder and director of Vitality Law Australia, a boutique law firm which provides small business owners and healthcare professionals across Australia with clear legal pathways and peace of mind. She is recognised as a leader in the healthcare industry and is one of only a few lawyers in Australia with specialist experience working with pharmacy businesses. In 2021, Sarah was named the Lawyers Weekly Women in Law Australian Sole Practitioner of the Year. She was also named as a finalist in the AusMumpreneur Business Awards. In 2022, she was named as a finalist in the Women in Business Awards for The Hills and Districts Chamber of Commerce, the Australian Law Awards and again in the Women in Law Awards. Sarah is the co-author of business book, “Courage and Confidence”. The book is a collection of inspirational stories combined with practical tools, tips and advice written by a small group of Australian women in business. She is also a non-executive director of MS Queensland. www.vitalitylawaustralia.com Instagram: @vitalitylawaustralia Facebook: Vitality Law Australia LinkedIn: https://www.linkedin.com/in/sarah-stoddart-23b92240/