Oireachtas Joint and Select Committees
Thursday, 22 October 2015
Public Accounts Committee
Health Service Executive Financial Statements 2014
2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 39: Health Service Executive
Chapter 19: Compliance with Prompt Payment Legislation in the Health Sector
Chapter 20: Management of Private Patient Income in the Health Sector
Chapter 21: Control over the Supply of High-Tech Drugs and Medicines
10:00 am
Mr. Stephen Mulvany:
This is our interpretation. We obviously need to get the relevant line Departments to agree, or otherwise. If they agree with our interpretation, there will not be a 2015 or 2016 issue. We are aware that the Department of Jobs, Enterprise and Innovation is reviewing the current regulations. We would say, as I think it is in the paper, that we pay in approximately 30 days, on average. That means, however, that some suppliers do not get it. However, we pay the interest automatically. That interest is at a rate of 8.05%, which, for most businesses based on the June Central Bank report, exceeds the top level of overdraft being paid. Therefore, we are paying that.
No comments