It is always difficult in times of uncertainty, with volumes of negative news and headlines, not to question how things impact your business. However, as a Pharmacy owner you’re not alone, particularly when it comes to keeping your pharmacy financially healthy.
In fact, your pharmacy’s unique finance requirements is core to our healthcare specialists and we’re open for business and here to help – during the good times and the bad.
Trained and accredited, with an in-depth understanding of the healthcare industry and its unique requirements, our healthcare specialists take their blinkers off and work with you to determine the best banking solutions for your Pharmacy, like how to manage and increase cash flow.
We analysed the industry before we established our team of specialists and took advice from industry experts which has enabled us to be better positioned than we would have been otherwise.
Providing you with a single point of contact — a dedicated Healthcare Relationship Manager – who is there to provide the solutions for all your banking and finance needs is as important to us, as it is to you. Your Healthcare Relationship Executive works with our product specialists to create the right financial package for your Pharmacy.
A full suite of services are available for Pharmacy owners through the Commonwealth Bank’s Healthcare Banking division, from commercial financing for acquisitions, succession planning and purchasing business premises to asset finance options, transactional banking services, superannuation solutions and business insurance.
We also understand that Pharmacies go through life cycles, and so do their financial needs, therefore our specialists are familiar with the challenges that your business can face at each stage of the cycle.
Whether you’re opening a new Pharmacy, expanding an existing one, or looking at succession planning options, we offer solutions with the flexibility to meet your needs and adapt to them as they change.
Even if you’re an experienced professional, you may be new to setting up and running a Pharmacy. We can make financing simple with our flexible solutions. It’s also important to create a professional image, including appropriate premises and fit out.
With competitive asset finance for everything from furniture to the latest in medical equipment, we’ll help make your dream Pharmacy a reality. We also have your cash management, working capital and transactional banking needs covered.
Or if your Pharmacy is expanding, it’s important to deal with a bank that can provide you with quick responses, consistent service and straightforward, simple solutions that allow you to spend more time in your business. Our industry knowledge, expertise, and our networks, can also help you to identify and realise additional growth opportunities.
If you’re exiting your business, which can be a lengthy and involved process, you want your business to go to someone who will maintain its success and continue to provide for your patients, clients and staff. You also want to be rewarded for all your years of hard work.
So it’s a priority that you receive appropriate succession planning advice, and that potential successors have access to the right finance options. We can help you to find the best possible advice, and we can provide the finance for your successor, ensuring that your transition will be smooth and successful.
With the confidence that your pharmacy’s finances are in order, you’ll be better placed to work on other aspects of your business. No matter what stage of the lifecycle you’re at with your pharmacy, Commonwealth Bank Healthcare Specialists can help.
To learn more about how we can help ensure you’ve got the right banking and finance solutions for your Pharmacy, call Mark Churchill on 0424 956 527 or Iain Beard on 0414 019 062 or visit the Commonwealth Bank’s specialist industry website for healthcare corporate finance.
Article by Stewart Creighton, Commonwealth Bank, National Manager, Market Specialists