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RESEARCHES CONCERNING THE PROFITABILITY OF THE COMMUNITY PHARMACY WITHIN THE CONTEXT OF WORLD ECONOMIC AND FINANCIAL CRISIS

ANAMARIA BOBOIA^*, GABRIELA CARMEN OROS, CONSTANTIN POLINICENCU, SIMONA MIREL

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The paper contains researches concerning the economic outcomes of a community pharmacy’s activity in the city of Sibiu (Romania) for a three-year period during the time ranging from January 1st 2007 – December 31st 2009. The evolution of break-even point has been analysed together with the factors which influenced it under the conditions of economic and financial crisis and measures for the profitability and the improvement of pharmacy’s activity were proposed. The methods employed in research have been as follow: the method of break-even point, method of comparison, method of safety interval, retrospective analysis and logical analysis. The results of research have shown that the values of pharmacy’s break-even point varied according to crisis aggravation. In 2007, the value of break-even point was positive, but between 2008 and 2009 it was negative. The main cause of this negative evolution was the non-reimbursement of medicines issued in health insurance system. The value of pharmacy’s safety interval, calculated with the purpose of providing a forecast for the years 2010 and 2011, indicates the fact that the pharmacy should increase, in the coming period, its sales and thus invest the whole profit in re-establishing the financial balance. In this respect, there were proposed a wide range of measures and additional services which could lead to increases in turnover, to profit and a higher profitability rate.