NHS supply chain finance

Prior to its collapse in March 2021, Greensill Capital was involved in the provision of a supply chain finance scheme to more quickly reimburse community pharmacies for dispensing NHS prescriptions. Greensill was also involved in a “payday” scheme that enabled employees of NHS Trusts to access their salaries early. Following evidence from former Prime Minister … Show more

Prior to its collapse in March 2021, Greensill Capital was involved in the provision of a supply chain finance scheme to more quickly reimburse community pharmacies for dispensing NHS prescriptions. Greensill was also involved in a “payday” scheme that enabled employees of NHS Trusts to access their salaries early. Following evidence from former Prime Minister David Cameron to the PAC and Treasury Committee, the NAO is conducting a review of the role of Greensill capital supply chain finance in the NHS . The Committee will question senior officials at the Crown Commercial Service, DHSC and NHS Business Services on how Greensill became a supplier to the NHS for these schemes, how it administered these schemes and what happened when it failed in March 2021. The Committee is also concurrently investigating the wider lessons from Greensill Capital and expects to report on that inquiry shortly. If you have any evidence on Greensill’s involvement with the NHS and its suppliers please submit it here by Monday 8 November Show less