July 2023 Category M prices announced

The Drug Tariff Category M pricelist for July 2023 has been published on the NHS Business Services Authority (NHSBSA) website.

The July Category M prices reflect an increase in reimbursement levels of approximately £5m per quarter on like for like entries. This is the net effect of 2 elements;

  • an adjustment of -£23.8m, in light of the results of the margin survey (latest result up until end of December 2022), and the phasing down of the additional £100m agreed across years 4 and 5 as part of the Community Pharmacy Contractual Framework.
  • uplifts for underlying market prices (between January – March 2023)

Community Pharmacy England has agreed the adjustments based on our analysis of margin delivery and on current projections for 2023/24. Our objectives are to ensure full delivery of agreed margin and smooth delivery as much as possible. As always, the impact on individual pharmacies will vary depending on dispensing mix.