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Financial Management & Funding

53 results found for: Financial Management & Funding

Half of contractors fear closures due to financial pressures

MPs and Lords warn that “irreversible damage” will be done to England’s pharmacy network unless the Government offers urgent financial support.

Lloyds demands 25% rent reduction on 300 pharmacies

LloydsPharmacy parent company McKesson UK is “insisting” on a 25 per cent discount from its health centre landlords.

Lloyds to close more stores as online business booms

A "small number" of LloydsPharmacy stores may soon be closed due to the financial impact Covid-19 is having on the business.

GPhC income up slightly and expenditure down in 2019-20

The GPhC saw its income increase slightly over the last 12 months according to its latest financial report.

Is the Government serious about expanding pharmacy’s role?

By Richard Thomas, editor, Pharmacy Magazine Regulation is an expensive business these days, it would appear, if the GPhC’s proposal to raise the annual premises fee by nearly 40 per cent is anything to go by. What caught our eye was a finding buried in the accompanying impact assessment, which suggested that over half the pharmacies in the research sample are operating at a deficit. Confirmation, if any were needed, that the pharmacy sector is “demonstrating a notable fragility” (in the words of Ernst & Young) was provided by a slew of headlines in recent weeks concerning the financial tribulations of Boots, LloydsPharmacy and Pharmacy2U.

Boots has shut 28 stores out of a planned 200

Boots had closed 28 stores out of a planned 200 by the end of November, its parent company has revealed.

Pharmacists help CCG save £44k on insulin needles

Pharmacists assessing needle use in diabetics helped Isle of Wight CCG make an annual saving of £44,000.

Contractors “losing tens of thousands” over EPS claims

Some contractors are “losing tens of thousands of pounds” due to errors made when submitting EPS claims.

PSNC: ‘Transitional payments’ linked to item numbers

The monthly ‘transitional payments’ are being made to help community pharmacies prepare for a more services-based role.

Funding settlement is “a total disaster”

The new contract is simply part of the DHSC plan to force closures, says Sheffield pharmacist Chris Armstrong

Give pharmacies same business rate support as GPs, says Lloyds chief

The head of LloydsPharmacy’s parent company has hit out at government business rates.

Funding settlement is a leap of faith

By Richard Thomas, editor, Pharmacy Magazine Is the new contractual framework in England a good deal or a bad one for community pharmacy? Rather like Orthrus, the two-headed dog in Greek mythology with each head pointing in a different direction, there are two diametrically opposed views on this. Both are represented in this issue, from “total disaster” on the one hand to “best hope of changing our fortunes” on the other.

PSNC to hold roadshows to explain five-year deal

A series of roadshows will help pharmacists understand how the five-year settlement will impact their pharmacies.

DHSC tackles “inequitable” reimbursement patterns

The Government has launched a consultation on community pharmacy reimbursement reforms.

Insight: Our future is being decided behind closed doors

By Alexander Humphries For community pharmacists the last few years have been an emotional roller-coaster, from the pits of despair to the giddy heights of... mere despondency. If you are anything like me, you will have been living hand-to-mouth, struggling to pay the bills at the end of the month, while the decision-makers from their insulated metropolitan bubbles look to strangle the sector financially because they perceive there are too many pharmacies.

Simon Dukes: PCNs will spur new thinking

By Simon Dukes, chief executive PSNC You may well be thinking that primary care networks (PCNs) is just another primary care shake-up. In some ways it is – but there are some important ways in which this one is different for us. First, this change is going to reroute a lot of primary care funding directly through networks of GP practices while specifying seven key services that these networks must deliver. Some of these services are due for roll-out from April 2020 and they include structured medication reviews (by clinical pharmacists), enhancing health in care homes, anticipatory and personalised care, supporting early cancer diagnosis, CVD diagnosis and prevention, and local action to tackle inequalities.

Revenue up, profits down at Superdrug

Superdrug recorded nearly £1.3 billion in total revenue last year although it saw pre-tax profits drop to £88.3 million.

Funding cuts see pharmacy sales drop

Government funding cuts and the growth of online dispensing led to mergers and acquisitions of community pharmacies dropping off by almost a quarter

PSNC and BMA publish guide to community pharmacy

PSNC and the BMA have published a guide for GPs on how community pharmacy works, with the aim of facilitating collaborative work between the sectors

BREAKING: Boots comments on closure reports

Reports that over 200 Boots stores are being considered for closure over the next two years have not been confirmed by the multiple

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