Pharmacy organisations plan a political campaigning day for community pharmacy

Pharmacy organisations plan a political campaigning day for community pharmacy

October 19 2017 Community pharmacy is to be promoted to politicians in a special event being...

Self Care Week to run from November 13

Self Care Week to run from November 13

October 18 2017 Resources for this year’s Self Care Week are now available from the Self...

Northern Ireland consults on pharmacy premises standards

Northern Ireland consults on pharmacy premises standards

October 17 2017 A consultation has opened on new standards for pharmacy premises in Northern...

EPS cuts pharmacy admin by 79 minutes a day on average

EPS cuts pharmacy admin by 79 minutes a day on average

October 12 2017 The Electronic Prescription Service saves dispensing administrative staff an...

Training payment will include £100 towards new OTC consultations workbook in Scotland

Training payment will include £100 towards new OTC consultations workbook in Scotland

October 10 2016 Financial support for community pharmacy training in Scotland has been updated...

  • Pharmacy organisations plan a political campaigning day for community pharmacy

    Pharmacy organisations plan a political campaigning day for community pharmacy

    Thursday, 19 October 2017 15:57
  • Self Care Week to run from November 13

    Self Care Week to run from November 13

    Wednesday, 18 October 2017 15:39
  • Northern Ireland consults on pharmacy premises standards

    Northern Ireland consults on pharmacy premises standards

    Tuesday, 17 October 2017 14:36
  • EPS cuts pharmacy admin by 79 minutes a day on average

    EPS cuts pharmacy admin by 79 minutes a day on average

    Thursday, 12 October 2017 14:58
  • Training payment will include £100 towards new OTC consultations workbook in Scotland

    Training payment will include £100 towards new OTC consultations workbook in Scotland

    Tuesday, 10 October 2017 13:17

Umesh Modi is a chartered accountant, and Pamini Jatheeskumar is a chartered certified accountant at Silver Levene...
  Don Lavoie is alcohol programme manager at Public Health England and Gul Root is lead...
Don Lavoie is alcohol programme manager at Public Health England and Gul Root is lead pharmacist, Health and Wellbeing Directorate, Public Health England
More inWhite Papers  

PSNC logo high resSeptember 27 2017

PSNC has drawn up a timetable indicating how contractor payments will be affected by Category M price reductions over the next few months. 

 The new set of category M price reductions came into effect in the August Drug Tariff.

“At the beginning of October, a pharmacy would receive an advance payment for the dispensing month of August,” said PSNC. “This is an estimated payment, taking into account the pharmacy’s number of declared items for August, and the pharmacy’s average item value (AIV) from dispensing month of July. This means that the advance for August is likely to overstate the value of August’s prescriptions.”

The payment made in November will be the balance of the reimbursement and will take into account the advance payment which will be retained by NHS Prescription Services. “This is the point where the impact on contractors will be most significant as the balance for August will be lower than the recovery of the advance,” said PSNC.

“PSNC strongly advises contractors to analyse the impact on their finances. We hope the resources below will help contractors to better understand and plan.”

The advice from PSNC also includes a worked example illustrating how payments will be affected for an average volume pharmacy, whose AIV is reduced by 17p per item from dispensing month of August.

Link:
PSNC announcement     

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