The PSNC said that the increase is to cover ‘substantial provisions' for one-off costs, such as preparing for electronic prescribing. Further details of these are set to be finalised in the coming weeks.
The increase brings total funding for primary care pharmaceutical services to £2.3bn.
The deal also includes a 9.4p per item cut in Category M reimbursement prices. This is to recoup profits achieved above the £500m ceiling set in the pharmacy contract.
PSNC chief executive Sue Sharpe said that the committee was now focused on a cost-of-service inquiry, which is due to report in 2010. ‘This will represent a vital step in ensuring that contractors' remuneration and reimbursement accurately reflects all the costs of providing NHS community pharmacy services,' she said.
Yesterday Healthcare Republic reported that partners' profits fell 1.5% in 2007/8.
- Is it fair that pharmacy funding is increasing as partners' profits are in decline?