Pfizer has announced an update to their payment terms for vaccine invoices dated January 1, 2020 or later. This update applies to Pfizer vaccines purchased through primevaccines.pfizer.com or through Pfizer Customer Service by physicians, clinics, and group practices. Invoice payment due dates will be automatically extended to August 31, 2020 or will receive 75-day payment terms, whichever is later. The 2% prompt-pay discount will continue to apply to payments made within these terms. No action is required on your part. No new invoices will be issued; therefore, we recommend you simply make note of the updated payment due date on your current invoice.
These temporary payment terms will apply to any new vaccine orders placed either online at primevaccines.pfizer.com or via Pfizer Customer Service at 1-800-666-7248 through August 31, 2020. Starting September 1, 2020, payment terms of 2% 75 days, net 76 days will resume.
To help keep track of the frequent vaccine manufacturer updates, CPP has created a grid to summarize the most current payment terms. Since updates are happening regularly, bookmark this page to keep up on the latest details! https://www.cppdocs.org/covid-19-practice-management-resources.php