Over 9,300 pharmacy contractors to benefit from earlier advance payment in February

More than 9,300 pharmacy contractors would benefit from earlier advance payment in February, Pharmaceutical Services Negotiating Committee (PSNC) said in an update.

Contractors who declared their January 2022 FP34C submission figures through the Manage Your Service (MYS) portal by February 5 will receive earlier advance payments by today (February 10).

The statistics indicates nearly 2,000 contractors will not receive any earlier advance payment this month, either because their January declarations were submitted late or they used the paper FP34C submission document to make their declaration, PSNC said.

These contractors will receive their advance payments in accordance with the normal payment timetable i.e. on March 1.

The negotiator reminded contractors that from April 2022 MYS will be the only process to make monthly submissions.

To avail benefit from earlier advance payments, contractors need to submit their monthly declaration through the MYS portal by the 5th of the month.

Besides, the final reconciliation payment date remains unchanged i.e. the 1st working day of the month approximately two months after contractors have submitted claims.