Latest from Kate Bowie
The new pharmacy funding deal has revealed incoming changes to the medicines margin, including plans for an “early entry” Category M process.
Rules that would have required pharmacies to provide three services in order to qualify for a fixed monthly payment have been delayed by two months.
Changes to the Pharmacy First service are set to come into force from June, while increased fees will be paid from today, as part of the new pharmacy contract.
Details of the long-awaited pharmacy contract deal have revealed single activity fee uplifts, a one-off £193 million historic margin write-off and plans “to redesign the whole payment timetable”.
The government has announced that it is “going with” hub-and-spoke model one, following “overwhelmingly positive” responses to its consultation on the reforms.
Well Pharmacy has revealed that it suffered millions in losses over a “challenging” year, while its wholesaling arm was able to turn a £2.5 million profit.