We’re proud to launch a new benefits calculator that shows the average independent community pharmacy can create £52k more profit per annum through hub and spoke dispensing.
Following the passing of primary enabling legislation earlier this year, we want to demonstrate the potential savings and income of hub and spoke via a benefits calculator, which considers the savings made by releasing capacity and freeing up skilled pharmacists’ and technicians’ time to take on additional NHS commissioned and private services.
The calculator also takes account of improved purchasing margins through our ability to make high-volume purchases not currently available to independents and small chain community pharmacies. Also, a further benefit is the estimated £30k one-off capital release from stock that independents will no longer need to hold which could be used to enhance the pharmacy to support clinical services
Our calculations have identified that an independent pharmacy dispensing 7,500 items per month and optimising hub and spoke for 70% of those items could make an extra £52k a year.
CEO Daniel Lee said: “This calculator will enable community pharmacists to recognise the potential that hub and spoke offers in expanding their service offering. Our purpose-built facility will give them time-saving automated dispensing that’s previously only been available to larger pharmacy chains.
“We know the decision whether to access hub and spoke is a complex one. With this calculator we want to show the benefits hub and spoke can have in terms of freeing up skilled time to offer more professionally and financially rewarding clinical services especially with the backdrop of flat funding and an expansion of NMS and cardiovascular testing”
HubRx will help free up time for community pharmacists to focus on providing more clinical services to patients and is designed to work with independents as they adapt to the new Community Pharmacy Contractual Framework. Its development is being led by a team with decades of experience in pharmacy and digital healthcare.
Pharmacists can see the benefits for themselves with our benefits calculator.