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 By reimagining their AP department and automating outdated supply chain…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: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…
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…
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…