NHS told to slash invoice payments to a week

Register and reap the benefits

Become a member of the HCSA to gain access to a variety of support tools and services.

Join us

Winter Conference 2021 Countdown
Book Now


HCSA Job Board

All the latest NHS procurement job opportunities

See the latest jobs..

  • 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”.

Read full article

 

Source: HSJ

Author: Tom Norton

Date: 28 April 2020