Five Ways AP Automation Can Ease Burnout, Turnover in a Healthcare Organization’s Finance Department
Key takeaways: Employee burnout and turnover are real threats to a healthcare organization’s mission to…
Some things are just better together. And while classic food pairings like peanut butter and jelly, macaroni and cheese, and chips and salsa may come to mind, we have a modern technology pairing that might not be top of mind – enterprise resource planning (ERP) systems and accounts payable (AP) automation.
Although quite powerful on their own, in healthcare, ERP systems and AP automation are much better and more powerful together – especially given the current macro environment where cutting costs and doing more with less have become imperatives.
One of the best tools a healthcare organization has to help drive savings and labor efficiency is AP automation technology opens in a new tab. While AP automation can be deployed at any time, if an ERP system upgrade or transformation is planned, providers should consider implementing them together.
Many healthcare leaders we’ve talked to don’t realize this (it’s actually among the top five AP automation myths opens in a new tab we regularly hear during our conversations). All too often, many leaders think any planned ERP system changes must be completed before starting other technology changes or upgrades – and this just isn’t so.
Implementing AP automation during an ERP system upgrade enables an organization to manage finances more effectively and improve business operations overall, not to mention addressing both at once can save a lot of time and effort and keep bad data and processes from migrating into the new ERP system.
With our Remitra® AP automation solutions, Premier is helping healthcare organizations make the most out of their ERP system investments, optimize supply chain operations and create long-term resiliency.
A unified technology platform can help drive decision-making, standardization, savings and price parity across a healthcare organization. The ERP system is foundational to overall decision support solutions that provide valuable insights into supply utilization and variation – enabling clinical standardization, improved outcomes and cost control.
ERP technologies that digitize and automate internal processes have been around for decades, but next-generation ERPs combined with robust data, analytics and Remitra AP automation capabilities can help healthcare organizations to streamline the entire procure-to-pay (P2P) process for a touchless and more efficient purchasing-to-invoicing strategy.
Don’t forget. Premier has the capabilities to be your end-to-end partner for the entire procure-to-pay (P2P) process. In addition to Remitra, that includes an ERP system made specifically for healthcare, along with other procurement technologies for the Continuum of Care opens in a new tab (CoC).