Other sources of revenue UK Pharmacy

The new PSNC negotiated "Pharmacy Interim Agreement" shows that prescription reimbursement has fallen to 58.2p per item and generic medicine reimbursement prices (Category M) has fallen by £72.5 million per quarter. There are quite a few interpretations of this, some think it will result in a 20% reduction in UK pharmacy income, others recon that this will slash £35,000 in profit from the average pharmacy. This will effectively put may pharmacies into the red, unless they are owner manager pharmacies where the main financial hit will come in the form of reduced "wages" from the NHS.

CCGs can joint venture with PGD enabled Pharmacies

The new NHS Act which dissolves PCTs and creates new CCGs is slowly coming to force. One element of the new legislation which has been under publicised is that the new legislation enables CCGs to enter into joint ventures with private companies to outsource most work to private companies with vested interests, beyond the scope of full public scrutiny. This is perfect for independent pharmacy contractors which can now offer a wide range of services empowered by PGDs. For more information read this article published in the Guardian.