Fair Livelihood for Saskatchewan Pharmacies
The Pharmacy Association of Saskatchewan and its members seek to ensure savings from the pCPA Agreement are invested to foster the value-added contributions that pharmacies and pharmacists are making in Saskatchewan. As a contributor to frontline health care and the economy of Saskatchewan, pharmacies, and pharmacists work to ensure they can provide residents with frontline care in such forms as medication assessments, medication management, vaccinations, prescribing for minor ailments and smoking cessation.
Economic Footprint of Pharmacies in Saskatchewan
We most often think of pharmacies as contributors to hometown health care services. But Saskatchewan’s 365 community pharmacies also make a major contribution to the economic health and well-being of our communities.
The Conference Board of Canada documents the scale of that contribution in its recently completed report titled, The Value of Community Pharmacy: An Economic Footprint of the Community Pharmacy Sector in Saskatchewan.
Providing nearly 5,800 jobs across Saskatchewan, provincial pharmacies generate an estimated $305 million in gross domestic product (GDP), and account for almost 8 percent of the provincial health sector.
“Pharmacies across Saskatchewan occupy a special place in that we are both healthcare service providers and we also serve our communities as employers, taxpayers, and drivers of economic output,” said Paul Bazin, Chair, Pharmacy Association of Saskatchewan. “The fact that our sector also improves the economic health of our communities is often overlooked in conversations.”
The research was conducted in early 2018 for the Canadian Pharmacists Association (CPhA), the Neighbourhood Pharmacy Association of Canada (NPAC), and the Pharmacy Association of Saskatchewan (PAS), to determine the economic impact of the provincial pharmacy sector for the province and the country.
The report puts that contribution into dollars and cents, using Statistics Canada data for 2016, the most recent year for which data are available. Some highlights:
- Pharmacies contributed about $305 million in GDP to the Province—nearly 8% percent of the provincial health sector GDP.
- Saskatchewan pharmacies account for close to 5,800 jobs in the province.
- The sector generates $204.5 million in labour income among Saskatchewan residents.
- Nationally, the total economic footprint of Saskatchewan’s 365 pharmacies is estimated at over $457.4 million in GDP and more than 7,200 jobs across Canada.
For More Information:
Dawn Martin, CEO
Pharmacy Association of Saskatchewan (PAS)
Pharmacy Econ Footprint Saskatchewan_final.pdf
The Conference Board of Canada report illustrates the direct and indirect economic impact of the pharmacy sector in Saskatchewan.
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