Optimize your payment operations for greater efficiency, accuracy and savings.
As a leader in your organization, you look to improve spending and efficiency throughout your organization. Fortunately, the hospital’s payment operations represent a valuable opportunity to streamline processes and achieve cost-saving benefits through automation. Your hospital’s APS membership includes access to secure, electronic procure-to-pay solutions for greater efficiency, increased productivity and improved cash flow. By adopting less costly methods in your accounts payable department, you will minimize the work involved while increasing accuracy, contract compliance and savings.
Take control of payment processes with automation
One solution does not fit all, so contact APS and let us help you and your financial team assess which payment strategy delivers the best ROI based on your annual supply spend. Some strategies are best suited for larger hospitals, while others offer benefits for all providers regardless of size. The solutions we bring you through our national partner include:
Hap-X, Healthcare’s Automated Payment Exchange
Use a secure online portal to submit a single payment file to Hap-X. From there, Hap-X validates pending payments and matches them to the most favorable payment terms offered by the supplier, ensuring you get the full financial benefit of your purchasing contracts. Save time by automating the steps involved in payment, remittance and even reconciliation. Decrease your overall supply spend with rebates on settled supplier invoices.
Automate supply chain transactions and gain enhanced visibility into your off-contract purchases. eCommerce Exchange connects you and your suppliers electronically for fast, seamless transfer of Electronic Data Interchange (EDI) supply chain documents, including purchase orders, PO acknowledgements, advanced shipment notices, invoices and product/price catalogs.
Transaction Management Services
Hospitals using eCommerce Exchange can further enhance efficiency and visibility by conducting EDI transactions with any supplier, regardless of size or technical integration. Then, armed with insight into your supply spend and accounting processes, analysts from eCommerce Exchange work closely with your purchasing department to drive increased automation, standardization and efficiency within your procurement operations.
Item Master Services
Our national partner’s Item Master Services are scalable to meet your organization’s individual needs. Choose a one-time cleanse, monthly synchronization or continuous management to ensure your item master comprises the most relevant items, all with consistent descriptions and accurate prices.
Join hundreds of hospitals now paying suppliers electronically
Offering a range of automated procure-to-pay solutions is one of many ways APS improves your organization’s financial health. Call your APS Client Services representative today for more information.
Another valuable cost-saving opportunity, brought to you by APS and Vizient.