Think Your Revenue Cycle is Your Only Source of Income? Think Again!

Your accounts payable (AP) process provides fertile ground for new sources of revenue and cost saving. To maximize the revenue generated by your AP department, you should be able to answer “yes” to the following questions: Do you take advantage of commercial-card rebates when making supplier payments? Do you have…

From Invoice to Payment, The Benefits of a Single AP Services Provider

Many services providers have recently entered the accounts payable space. On the invoice management side, the provider offerings are as divergent as electronic invoicing, scanners, and workflow software. On the payment side, some providers manage ACH payments while others focus solely on Commercial-Card solutions. To achieve a truly paperless AP…

Maximizing Supplier Participation in Your ePayables Program: The Importance of Multiple Payment Methods

For many years, we have been hearing that electronic payments (ePayables) will soon make paper checks obsolete. Unfortunately, the healthcare industry is progressing very slowly toward a paperless payment process. The fundamental reason why ePayables programs suffer from low supplier participation, which consequently forces hospitals to rely on paper checks,…