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Under the consignment scheme between Lifelink and PHC from 2017 to 2020, the private company sent items to the state-run hospital, which in turn sold the goods at a 10% markup. The arrangement was for PHC to remit the proceeds of the sale to Lifelink, minus the 10% margin. After a patient uses an item, the hospital notifies the supplier, which subsequently issues a sales invoice that is countersigned by the PHC. Meditron then issues a billing notice to PHC, requesting that the payment be released.
Source: Healthcare Press (healthcarepress.net)
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