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Pharmaceutical Services Negotiating Committee

General News

Pharmacy Finance Scheme further details released

Information on the government’s Pharmacy Finance Scheme, which will enable pharmacy contractors to receive earlier payment for prescriptions dispensed, has now been published along with details on how to register for it.

The scheme is being administrated by Citi bank and is expected to be available from April 2013 dispensed prescriptions.

Under the scheme contactors will be able to receive advance payment for prescriptions dispensed on day 7 or 8 of the month following that in which the items were dispensed- i.e. a few days after submission of their prescriptions.

More information on the scheme is now available from Citi bank at http://www.citibank.com/transactionservices/home/supplier_finance/pharmacypayment/

Posted 22 January 2013

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