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.

Pharmacy owners are reminded of the requirement to complete the 2023 workforce survey, which is a mandatory requirement for all pharmacy owners. The survey will close on Sunday 17th December 2023.

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