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Financial Management & Funding

126 results found for: Financial Management & Funding

Funding settlement is “a total disaster”

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

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.

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.

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

Wales to invest £100k in minor ailments training

Vaughan Gething has today announced a £100,000 funding package to provide 50 pharmacists with specialist minor ailments training

Three in five pharmacists expect profit rise says Lloyds Bank

Pharmacists’ business confidence is rising, with three in five anticipating profits to go up this year, though confidence “remains in negative territory”

Boots UK suffers £100m profit dip, report shows

Boots UK’s pre-tax profits fell dramatically in the year to August 2018, dropping £100m from £498m to £398m, the latest Companies House report shows

RPS: Pharmacists not "prescription police"

Pharmacists should check people’s eligibility for benefit-related exemptions “at the time the transaction occurs” to reduce fraud or error, the NAO said

Further LloydsPharmacy closures appear likely

Parent company McKesson is looking to “accelerate” its UK restructuring programme, with “further closures of retail pharmacy stores” anticipated

Naproxen April concessions projected to cost NHS £1.1m

Naproxen 250mg tablets account for the largest projected overspend (projected additional cost of £713,599 in April on top of tariff cost of £478,904)

The future is services, says PSNC in new video

The changing NHS landscape presents opportunities for community pharmacy but the sector will need to adapt, PSNC has said in a new video animation

Scotland funding package “not quite” what CPS hoped for

A 2019-20 financial package for pharmacy in Scotland with a £2.6m uplift from last year is “not quite” what CPS hoped for due to “one outstanding issue”

Scotland and the £2.592bn question

By Richard Thomas, Editor, Pharmacy Magazine Pharmacists in England have long cast their gaze enviously towards their colleagues north of the border. A smaller population, shorter lines of communication and greater alignment between the profession and those in power are obvious advantages. However, there is a clarity and sense of direction regarding pharmacy in Scotland that is completely lacking in England.

Pharmacy minister reveals shortfall in OTC prescription savings

Savings from NHS England’s OTC prescription guidance appear to be falling far short of an expected target of up to £100m each year

Wales invests £5m in “UK first” pre-reg training scheme

The Welsh Government plans to pump £4.9m into “transforming” the training it offers pre-registration pharmacists and doubling pre-reg places

Profile: Antrim pharmacy tackles diabetes

Eoghan O’Brien has had promising results from a local scheme he helped set up to tackle type 2 diabetes

“Challenging” talks ahead as 2019-20 negotiations start

Urgent care referrals, medicines safety and “challenging discussions on funding and reimbursement” are all expected to be on the agenda

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