Pharmacy Earlier Payment Scheme will have new provider from July

Pharmacy Earlier Payment Scheme will have new provider from July

May 21 2018 Pharmacy contractors need to ensure they update their Pharmacy Earlier Payment Scheme...

FP10 exemption declaration still waiting to be updated for universal credit

FP10 exemption declaration still waiting to be updated for universal credit

May 21 2018 The introduction of redesigned NHS prescription forms to reflect the fee exemption...

NHS England and Capita criticised over handling of PCSE contract

NHS England and Capita criticised over handling of PCSE contract

May 21 2018  NHS England and Capita’s handling of primary care support services has...

Proportion of small firms increasing pay is at highest levels since 2014, says FSB

Proportion of small firms increasing pay is at highest levels since 2014, says FSB

May 17 2018 The share of small businesses that are increasing wages for their employees has hit a...

CCG consults on removing all GF foods from FP10 despite recent NHS England guidance

CCG consults on removing all GF foods from FP10 despite recent NHS England guidance

May 15 2018 NHS Telford and Wrekin CCG is proposing that gluten free foods will no longer be...

  • Pharmacy Earlier Payment Scheme will have new provider from July

    Pharmacy Earlier Payment Scheme will have new provider from July

    Tuesday, 22 May 2018 12:55
  • FP10 exemption declaration still waiting to be updated for universal credit

    FP10 exemption declaration still waiting to be updated for universal credit

    Monday, 21 May 2018 09:21
  • NHS England and Capita criticised over handling of PCSE contract

    NHS England and Capita criticised over handling of PCSE contract

    Monday, 21 May 2018 09:17
  • Proportion of small firms increasing pay is at highest levels since 2014, says FSB

    Proportion of small firms increasing pay is at highest levels since 2014, says FSB

    Thursday, 17 May 2018 15:14
  • CCG consults on removing all GF foods from FP10 despite recent NHS England guidance

    CCG consults on removing all GF foods from FP10 despite recent NHS England guidance

    Tuesday, 15 May 2018 11:44

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 resOctober 26 2017

Community pharmacy contractors will receive an increase in their November 1 advance payments of 15p per prescription item, PSNC has announced.

The increase will be for one month only, and has been agreed with the Department of Health “in recognition of the extraordinary cashflow challenges” that pharmacy contractors have seen in recent months. These include:

  • reductions in pharmacy remuneration, as imposed by the Government from December 2016;
  • reductions in reimbursement prices from August 2017, to correct for previous over-delivery of margin; and
  • a sharp rise in generic purchase prices in recent months.

“The increase has been confirmed for one month only, and full and final payment for services provided in September will be reconciled as usual at the end of November,” said PSNC. “This means that contractors will not receive any additional funding overall, but the impact of the reduction expected to be seen in the November 1 payment, following Drug Tariff price reductions put in place from August, will be smoothed out.”

The payment has been calculated to reflect the effect of reductions in Category M prices in August: “At the beginning of October, a pharmacy would have received an advance payment for the dispensing month of August,” said PSNC. “This was an estimated payment, taking into account the pharmacy’s number of declared items for August, and the pharmacy’s average item value (AIV) from the dispensing month of July.

“Because of the reductions in Category M prices in that month, the advance for August is likely to have overstated the value of August’s prescriptions. Subsequently in the November 1 payment, the pharmacy will receive the balancing payment for August, and the advance payment will be recovered. This means that the November 1 payment is the point at which the impact on contractors will be most significant as the balance for August will be lower than the recovery of the advance.

“As well as the November 1 balancing payment, contractors will receive an advance payment at the same time for declared items for September. By increasing the value of this payment by 15p per item, the impact of the expected drop in payment is smoothed out.”

Links:
PSNC statement                
Today’s Pharmacist coverage of SAF increase       

Business News

May 22 2018 A “bespoke, fully funded independent prescribing course for community pharmacists in NHS Scotland” has been announced by Community Pharmacy Scotland.
May 21 2018  NHS England and Capita’s handling of primary care support services has been criticised in an official report. The National Audit Office has published a review saying that “NHS England and...