The NHS Business Services Authority NHSBSA has announced the Drug Tariff Category M pricelist for the month of July today (June 28).
According to the list, the July Category M prices reflect a reduction in margin levels of approximately £34m per quarter.The £15m per quarter uplift that has been in place for the last 3 quarters to mitigate against the impact of Brexit will also be removed from the July Drug Tariff, as per the NHSBSA.As such the total quarterly impact on margin will be a £49m reduction, or approximately -19 pence per item on average.
The underlying effect of market price movements in the reference period Jan – Mar 2021 will also be reflected in the July Drug.
PSNC has agreed the adjustments based on "our analysis of margin delivery and on current projections for 2020/21. Our objectives are to ensure full delivery of agreed margin and smooth delivery as much as possible," said the PSNC.
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