READY, SET, AUTOMATE: 5 Ways Health Care Organizations Can Gain Efficiencies, Reduce Costs with Digitized AP Technology

Cumbersome manual procure-to-pay (P2P) processes potentially put the supply chain at risk with errors, slow payments, high processing costs, as well as environmental questions. Approximately 70 percent of health care invoices are still paper-based and 85 percent are paid with paper checks, with an average processing cost of $7.00 per check.

In this white paper, we’ll discuss five areas where streamlined ordering and processing of health care invoices can yield significant improvement including:

  1. Finding quick wins through data-informed opportunities
  2. Paperless supply chain management
  3. Solution scalability and enterprise resource planning (ERP) compatibility
  4. Improved synergies between accounts receivable (AR) and accounts payable (AP)
  5. Enhanced discount capture and better cost containment

CQO Tie-in: This paper discusses the organization’s financial outcomes by considering the potential reduction of costs and risks through streamlining the P2P cycle.

Download White Paper 

 

Sponsored by: Remitra Premier logo

Click here for access to the latest industry news, trends and insights about health care procure-to-pay.

 

 

 

Related Resources

Supply Chain Strategies & Solutions Article
An article from the November/December 2016 issue of the AHRMM member-only magazine, Supply Chain Strategies & Solutions.
Supply Chain Strategies & Solutions Article
This article is from the November/December 2016 issue of the AHRMM member-only magazine, Supply Chain Strategies & Solutions.
Supply Chain Strategies & Solutions Article
This article is from the November/December 2016 issue of the AHRMM member-only magazine, Supply Chain Strategies & Solutions.
Supply Chain Strategies & Solutions Article
This article is from the November/December 2016 issue of the AHRMM member-only magazine, Supply Chain Strategies & Solutions.&nbs
Supply Chain Strategies & Solutions Article
Download Article
White Papers
Increasing federal regulation compliance costs and declining reimbursements have compressed hospital profitability.