THE Pharmaceutical Society of Australia (PSA) has released its 2024/25 Annual Report, chronicling a year characterised by strong growth and delivery in terms of membership numbers, member support, training and education products and services, policy submissions, partnerships and general investment income.
The organisation reported a surplus of $2.167 million for FY24-25, while member numbers approached 20,000 by the end of the period and have continued to grow in the months since then.
As the PSA becomes the professional home for all pharmacists from all areas of practice, the 10% increase is the highest membership growth PSA has achieved as a national organisation since its inception.
The PSA said it is committed to expanding the scope of practice and workforce capability, thereby improving health outcomes for Australians, and made strategic decisions to invest in the development of new education products that will deliver on these goals, including full scope prescribing and clinical training, MMR and ACOP credentials, and new specialty communities.
The PSA’s other key achievements also included growth in the PSA Foundation’s asset value and activities, the launch of the Hospital Pharmacy Community of Specialty Interest, the inaugural PSA General Practice Pharmacist Symposium, and the launch of the MMR and ACOP credentials.
Reflecting on the fiscal year, PSA National President and Board Chair, Associate Professor Fei Sim, said she was incredibly proud of the progress made and encouraged all pharmacists to come together to transform the profession.
“Our strength lies in the collective expertise, passion, and dedication of our members,” Assoc Prof Sim said.
“PSA is owned and led by our members [and] will continue to focus on delivering member value and supporting our workforce as our scope evolves,” she added.
PSA CEO Steve Morris highlighted the year’s strong financial results, noting that, “Growth means that PSA can deliver more for members, advocate more strongly for the profession and ultimately do more to positively impact the health and wellbeing of Australians”.
Read the report HERE. KB
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