Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Pharmac stacks on workers with bigger remit

Pharmac stacks on workers after expanding in medical devices, vaccines

By Olivia Bascand

Feb. 3 (BusinessDesk) – Pharmac, which manages an annual drug-funding budget of more than $780 million, plans to extend a three-year hiring spree after expanding in medical devices, vaccines and hospital medicines.

The Pharmaceutical Management Agency will increase its workforce to about 130 from 110 currently, having added 70 workers in the past three years.

The state-funded body has taken on more floor space, hired an architect to oversee a revamp of its Wellington headquarters and put out a tender for IT advice that would allow staff to work remotely, according to a request for information posted on the government’s GETS tender website.

“Pharmac is undergoing a period of rapid growth, including a dramatic increase in staff numbers,” the body says in its tender notice.

Pharmac funded a record 42.2 million prescriptions last year, with 3.4 million New Zealanders getting subsidised medicines, also a record, according to its latest annual report.

In 2012, the government agreed to a plan for Pharmac to progressively expand its management and procurement of hospital devices and consumables, which cost District Health Boards some $880 million in the 2011 year and are rising faster than increases in the DHBs’ funding.

Pharmac tends to cop criticism from consumers in trying to squeeze the best possible health outcomes from the government’s health budget. Trying to meet the public’s growing demand for new medicines within a defined budget is “challenging,” the body says on its website.

At the same time, drug companies have criticised the centralised buying agency, saying it has stifled development of drugs in New Zealand, while being reluctant to fund high-cost medicines to treat rare diseases.

Pharmac has also reportedly featured in confidential negotiations over the Trans-Pacific Partnership Agreement, the first free trade agreement linking Asia, the Pacific and the Americas.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Inflation: CPI Increases 0.3 Percent In June Quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news