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In United States legislation, S. 1221 and H.R. 1392 are companion bipartisan bills that eliminate prompt pay discounts from the calculation of Average Sales Price (ASP), which is the basis for Medicare drug reimbursement rates for community cancer clinics.
Discounts and allowances are reductions to a basic price of goods or services.. They can occur anywhere in the distribution channel, modifying either the manufacturer's list price (determined by the manufacturer and often printed on the package), the retail price (set by the retailer and often attached to the product with a sticker), or the list price (which is quoted to a potential buyer ...
Prompt payment is a commercial discipline which requires businesses to: agree fair and reasonable payment terms with their suppliers; ensure suppliers' invoices are ...
We round up the best deals at supermarkets, retail stores and restaurants and on entertainment, travel, pharmacies and more for those ages 50+ — updated for December 2024.
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The payee may compromise on a debt, i.e., accept part payment in full settlement of a debtor's obligation, or may offer a discount, E.G: For payment in cash, or for prompt payment, etc. On the other hand, the payee may impose a surcharge , for example, as a late payment fee, or for use of a certain credit card, etc.
As a result, organizations are able to reduce invoice processing errors, costs and cycle times; eliminate late payment penalties, duplicate payments or overpayments; and capture prompt payment ...