Key takeaways: Aligning payments to suppliers with reimbursements from payers is critical for healthcare organizations striving to optimize cash flow and increase working capital. AleraCare leveraged Remitra®'s Managed Accounts Payable (AP) solution to extend payment terms, increase working capital and…
Key takeaways: Learn how Henry Ford Health implemented a top-down procure-to-pay (P2P) transformation to achieve a 79 percent touchless invoice rate. Analyzing metrics, data and robust intelligence dashboards can help identify accounts payable bottlenecks and optimize workflows. Discover how Remitra®'s check…
Key takeaways: Increased labor costs and labor availability in healthcare continue to create challenges in 2023-2024. Healthcare organizations should look to prioritize technology solutions that automate workflows to achieve greater efficiencies, boost productivity and generate cost savings. One area not…
Key takeaways: Ambulatory infusion centers (AICs) are gaining a strong foothold in the U.S. healthcare system, enabling patients with complex chronic conditions to receive ongoing treatment outside the hospital. Injectable medications are expensive and payer reimbursement can be slow, which…
Key takeaways: Employee burnout and turnover are real threats to a healthcare organization’s mission to provide quality care delivery. These staffing challenges aren’t limited to doctors, nurses and others on the front lines of patient care; a healthcare organization’s finance…
Key takeaways: Smaller providers across the Continuum of Care (CoC) are facing their own post-COVID-19 financial and labor challenges. Accounts payable (AP) automation can provide healthcare organizations of all types and sizes relief in the form of greater operational efficiencies,…
Key takeaways: Hospitals and health systems undertaking an enterprise resource planning (ERP) upgrade should consider incorporating accounts payable (AP) automation simultaneously. Although Premier’s Remitra® AP solutions can be implemented any time, when combined with an ERP transformation, healthcare organizations can…
Key takeaways: Common misconceptions about accounts payable (AP) automation are holding many healthcare organizations back from capturing the full benefits automation provides. Those that see beyond the myths and adopt tech-enabled invoicing and payment processes can gain opportunities to drive…
Published in: The Journal of Healthcare Contracting Sandra Monacelli, Vice President, End-to-End Supply Chain, Value Analysis, Nexera (a consolidated subsidiary of Premier) and Leann Spadaro, Director of Supplier Commercialization and Engagement, Premier Inc., have been named to the Journal of Healthcare…
Key takeaways: Labor shortages in healthcare extend beyond the front lines of patient care, affecting back-office functions such as accounts payable (AP) as well. Fueled by technologies that enable greater efficiencies such as touchless invoice and payment processing, AP automation…
Key takeaways: Financial pressures on healthcare providers and suppliers are at an all-time high. Inflation, interest rates, supply chain disruptions and more are cutting into cash flow, impacting business in a myriad of ways. Remitra® Cash Flow Optimizer (CFO) technology…
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 growth opportunities.With…
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 of size,…
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…
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…
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…
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…