PSNC is urging contractors to analyse the impact on their finances due to the latest Category M changes as well as the pharmacy funding imposition.
A PSNC briefing note, 057/17, sets out what changes there have been to funding and gives advice about getting the most out of the schedule of payments as well as considering payment timings and reconciling payments. A timeline summarises the funding changes with key dates ahead.
A cashflow calculator is also available to download. This Excel spreadsheet includes a cashflow indicator intended to demonstrate how cashflow could be affected for an average pharmacy, as well as indicative monthly income tables.
An article on what the pharmacy funding cuts mean for dispensing practices was published after the imposition was announced and is available in the members’ area of the DDA website.