DHSC to inject £15m increase into reimbursement prices

DHSC to inject £15m increase into reimbursement prices

May 19, 2020

The Department of Health and Social Care (DHSC) will increase medicine reimbursement prices by £15 million in June, it has announced.

The increase is being made based on margin data from 2019/20 along with predictions for delivery in 2020/21. PSNC has repeatedly highlighted the significant cashflow problems facing community pharmacy contractors at this time. PSNC and DHSC will continue to monitor carefully medicine margin data in order to identify if, and when, further increases are required.

PSNC has made representations to HM Government and NHS England and NHS Improvement (NHSE&I) about the urgent need for more investment in community pharmacies and that funding bid, which is separate to discussions on margin, is still being considered by HM Treasury and Ministers.

PSNC is also working with the other national pharmacy organisations to capture contractors’ costs on an ongoing basis and this evidence will feed into future bids and negotiations.

Category M prices for June 2020 can be found here

PSNC Chief Executive Simon Dukes said:

“PSNC is pleased to have agreed these increases in reimbursement prices which should help to ease some of the procurement challenges being faced by contractors.

But this is not enough – all pharmacies are facing significant and wide-ranging financial issues as a result of the COVID-19 pandemic, and we are continuing to press for urgent additional investment in the sector. The Committee of PSNC will meet later this week to review how we can continue to make the strongest case for the sector and also to consider what the ongoing challenges for pharmacies will be as we move out of full lockdown and into a new recovery phase of health service delivery.”

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