Key takeaways: The recoupment of COVID-19 Accelerated and Advance Payments (CAAP) Program impacts Medicare reimbursements at an unfortunate time as our nation’s healthcare system works to regain financial footing. Premier is committed to helping providers experiencing CAAP challenges by delivering…
Key takeaways: To address ongoing financial pressures, forward-thinking health system leaders are looking to new areas of their organizations for solutions, revenue and cost savings – including accounts payable (AP). By reimagining their AP department and automating outdated supply chain…
Key takeaways: Labor shortages and other workforce issues continue to strain the U.S. healthcare industry and are showing no signs of letting up any time soon. In Premier’s 2022 CEO survey, 78 percent of respondents indicated ‘labor challenges’ as their…
Market pressures on healthcare suppliers are at an all-time high. Inflation, rising interest rates, supply chain disruption...the list goes on. Remitra has developed a financial solution for healthcare suppliers that can unlock game-changing working capital to help address these unprecedented business challenges.…
Key takeaways: Healthcare providers and suppliers may have untapped working capital locked away in their manual, paper-based accounting processes. By automating their accounts receivable (AR) and accounts payable (AP), organizations can unlock these potential extra dollars for investing in future…
Key takeaways: Longer days sales outstanding (DSO) and longer days payables outstanding (DPO) negatively impact the financial health and operational capabilities of both healthcare providers and suppliers. Recent surveys conducted by the Remitra™ team reveal the majority of providers, regardless…
Key takeaways: New PINC AI™ data shows that as recently as February 2022, healthcare providers, on average, were still levering paper checks for 68 percent of their payments to suppliers. Although there’s been a focused effort and declaration by most…
Key takeaways: Cost reduction remains a key priority among stakeholders across the healthcare industry. Some healthcare organizations are turning to accounts payable (AP) automation as a means to find savings, maximize efficiencies and optimize labor. AP automation is not only…
Key takeaways: Supply chain accounts payable (AP) and accounts receivable (AR) processes have a direct impact on patient care. When suppliers fail to be paid in a timely fashion, providers are put on credit hold, which delays shipment of critical…
During this on-demand webinar, healthcare AP experts and industry leaders will share how they effectively transformed their AP process to reap these benefits. You will learn what a tech-enabled AP process can look like and understand the ROI it can…
Key takeaways: Late payments, lack of visibility and match exception errors top the list of healthcare suppliers’ accounts receivable (AR) pain points. Manual invoicing and payment processes used by far too many suppliers and their healthcare provider customers are largely…
Published in: Supply & Demand Chain Executive Ask any healthcare leader, “what keeps you up at night,” and you’re likely to hear some variation of “delivering the highest quality care at the lowest possible cost” as the answer. A recent…
If you’re a supplier for hospitals and health systems, you know it’s a rewarding yet demanding field. Increasing competition and thinning margins compounded by healthcare supply chain disruptions opens in a new tab make it a challenge to thrive in today’s marketplace.…
Fraud and theft associated with invoices and checks have been ever-present risks in the business world, and they show no signs of letting up any time soon. According to a 2021 survey opens in a new tab report issued by the Association…
Antiquated. Inefficient. Low-tech. Not the words that come to mind when we think of the U.S. healthcare industry; yet, zero in on the supply chain invoicing and payables processes across the industry, and those same words become accurate descriptors. According…
Healthcare organization AdventHealth includes 80,000 providers and staff in physician practices, hospitals, outpatient clinics, skilled nursing facilities, home health agencies, and hospice centers across 12 states. They have nearly 50 hospital campuses and hundreds of care sites in diverse markets…
Healthcare is one of the most noble, exciting and innovative industries in the world. It’s also sprawling, fragmented and often inefficient, especially on the non-clinical operations side. As a healthcare provider or supplier, you deserve and command better, which was…
Watch our on-demand webinar introducing Remitra and how we aimed to modernize the procure to pay space in healthcare. Remitra is Premier’s most recent initiative aimed at tech enabling the end-to-end supply chain focusing on modernizing the procure-to-pay space in healthcare.…
In today’s healthcare landscape, provider organizations have transitioned away from traditional file cabinets and into the digital realm. This includes everything from electronic health records (EHR) to digital interactions with insurance companies (payers) and more. Yet many health systems are…
Although the U.S. has one of the most sophisticated healthcare systems in the world, it’s far from the most efficient. Our latency, as an industry, in adopting modern technology integrations leads to significant inefficiencies in operations and in finance opens in…
Ask any healthcare leader today, “what keeps you up at night,” and you’re likely to hear some variation of “delivering the highest quality care at the lowest possible cost” as the answer. One area not to be overlooked when seeking…
CHARLOTTE, N.C. — Premier Inc. opens in a new tab (NASDAQ: PINC), a leading healthcare improvement company, today acquired substantially all the assets and certain liabilities of Invoice Delivery Services, LP (IDS), a leading provider of procure-to-pay solutions in healthcare…