Health Minister Edwin Poots said yesterday's funding allocation from the Executive will purchase important specialist drugs as well as save millions of pounds across the service.
The minister was speaking after his department was allocated £25m funding by the Executive.
This consisted of £5m to purchase drugs and treatments, £15m to implement an Invest to Save scheme and £5m in capital funding.
Mr Poots said: "Recently, I outlined in the Assembly my intention to address the problem of access to specialist drugs and other NICE recommended treatments.
"The shortfall is unacceptable. This funding will provide specialist drugs for rheumatoid arthritis and psoriasis, cochlear implants and also address the backlog in accessing drug therapies including treatment for cancer, hepatitis C, and growth failure in children."