A payment solution for the healthcare industry
The best payables strategy is one that allows your organization to optimize working capital while reducing back-office costs and bank fees. Offering advantages to healthcare providers and suppliers, Healthcare Payables can meet the need of the healthcare industry’s invoice payment process.
Healthcare Payables is an automated payment exchange, providing a platform to deliver end-to-end payment settlement (ACH or virtual card) between suppliers and providers in an expedited manner. This intuitive, web-based portal is compatible with most providers’ and suppliers’ existing payment systems, and will simplify the process for managing invoice settlement, reconciliation, and reporting for your organization.
- Accommodate both ACH and Card payments with only one payment file submitted via a single portal
- Take advantage of over 400 pre-enrolled healthcare suppliers utilizing this payment settlement tool
- Maximize supplier participation with ongoing supplier enrollment
- Control your payment cycle, while suppliers benefit from faster cash receipt
- Monitor the entire payment lifecycle from invoice submission to reconcilement through a secure web portal
- Migrate check payments to ACH or commercial card which reduces printing and postage costs and mitigates check fraud
- Earn potential rebates based on ACH and commercial card spend
- Improve working capital and optimize days payable outstanding
- Decrease internal processing with an automated and streamlined payment process
- Manage spend with the easily operated online portal
- Improve reconciliation process with auto reconcilement and readily available reports
- Quick implementation of a system compatible with existing payment platforms