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. Seamus McCarthy:
Under the prompt payments legislation, there is an implied credit period of 30 days if one is not specified in the contract. If one is specified in the contract, be it ten, 20 or 50 days, that takes precedence and it is only after this that any prompt payment interest would kick in.
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