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PO tolerances for healthcare invoices
August 1, 2024
Q. What is the industry standard for PO tolerances in the healthcare field?
A.
(Answered by the IOFM Advisory Panel)
The following PO tolerances were created as our own organization’s policy. For lower prices, we set a limit to ensure that billable amounts are marked up correctly since the difference in price lands in a price variance account. I have seen unscrupulous suppliers test their customer’s tolerances or do things like submit an EDI invoice with a one cent prompt pay discount to…
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