NHS told to slash invoice payments to a week

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  • Trusts told to pay suppliers within seven days, instead of usual 30
  • Some suppliers could continue receiving payments during pandemic, even if their supplies have been paused

NHS organisations have been told to pay for goods and services within seven days of receiving them, as regulators attempt to reassure suppliers and bolster their cash flows.

NHS England and NHS Improvement have issued new procurement guidance asking trusts and commissioners to speed up payments by three weeks against the normal invoice target of 30 days.

The guidance, published 20 April, also suggests some suppliers could continue receiving payments during the pandemic, even if their supplies have been paused.

The guidance stated that with “immediate effect all NHS organisations must aim to implement… payment of all invoices within 7 days of receipt of goods and service”.

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Source: HSJ

Author: Tom Norton

Date: 28 April 2020