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

Explore common indirect spend risk considerations and prepare to take steps to introduce resiliency within indirect spend categories.
An introduction to environmental sustainability walking learners through strategizing on simple projects while outlining commitment to sustainability…
Read a sponsored blog from Owens…
Read a sponsored blog from Owens & Minor to learn how staff can spend less time on manual tasks and more time on patient care.
White Papers
Learn how Baptist Health forged its traditional AP cost center into a cost savings driver.
On-Demand Educational Webinars
Join manufacturers, distributors and providers as we consider what demand planning looks like in an uncertain world.