10:30 AM EDT, 04/01/2024 (MT Newswires) -- CareRx Corporation ( CHHHF ) , a provider of pharmacy services to seniors living communities, on Monday noted the decision by the Ontario Government to pause the previously scheduled changes to long-term care pharmacy funding that were scheduled to go into effect on April 1.

Under certain amendments to the Ontario Drug Benefit Act that came into effect on January 1, 2020, the reimbursement model for long-term care pharmacies in Ontario was changed from a fee-for-service model to a fee-per-bed capitation model under which pharmacies receive a fixed professional fee for all pharmacy services provided to residents in long-term care homes. The fee for 2024, which is currently prescribed at $1,500 per bed serviced, was scheduled to decline to $1,400 per bed serviced on April 1.

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