Скачать или смотреть Ep 23 - The Application Maze: Understanding the new heights of regulatory scrutiny

In this episode, host Sarah Stoddart discusses current challenges faced by pharmacists dealing with regulatory matters during pharmacy business transactions. She emphasises the importance of compliance and consistency in document submissions to federal and state regulators, which has become increasingly difficult due to heightened scrutiny and additional documentation requirements.






She also speaks to the importance of ensuring that trust deeds associated with pharmacy ownership comply with state regulations since what is acceptable in one state may not be in another. Engaging advisors knowledgeable about pharmacy-specific regulations is crucial to navigating this complex landscape.






Throughout the podcast, Sarah encourages pharmacy owners to work closely with their advisors, respond promptly to requests for documentation, and set realistic expectations regarding the timeline of applications.






In conclusion, while the regulatory environment for pharmacy ownership transactions is increasingly challenging, proactive communication with legal advisors and meticulous attention to detail in documentation can help mitigate issues. Sarah’s key takeaway is the necessity for pharmacists to remain vigilant and informed, as regulatory processes are becoming more complicated rather than simpler, leading to delays and added costs. She invites listeners with questions to reach out, emphasising her commitment to supporting pharmacy owners during these challenging transitions.





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:   / sarah-stoddart-23b92240