PYMNTS

JANUARY 22, 2021

B2B payments in the healthcare industry are undoubtedly complex, thanks to the intricacies of coordination between healthcare providers, suppliers and insurance firms. Well before the pandemic hit, however, the healthcare arena began to embrace the opportunities of digitization — at least, on the patient-facing end of operations.

Healthcare 74

Healthcare B2B accounting and finance accounts payable 74

MineralTree

DECEMBER 15, 2022

In any organization, the accounts payable (AP) department is responsible for handling and processing payments. What is Compliance in Accounts Payable? Compliance in accounts payable refers to the practice of following laws, regulations, and standards related to handling payments. Let’s take a closer look.

accounts payable 52

accounts payable AP Automation Account accountant 52

Airbase

NOVEMBER 15, 2023

Accounts payable (AP) refers to the series of steps that companies take to pay their bills. It requires the safe handling and recording of funds transferring from the company’s bank account to suppliers and vendors. The importance and evolution of accounts payable. Using AP automation software.

AP Automation 130

AP Automation Technology accounts payable Accounts Payable Automation 130

PYMNTS

OCTOBER 5, 2020

Against that backdrop, companies are re-evaluating and redesigning their entire supply chains, cost management life cycles and other processes across all industries from healthcare to manufacturing. The rules you're going to do for a healthcare company from a fraud and security perspective are very different from construction,” she remarked.

B2B 130

B2B Healthcare Spend Management Tools accounts payable 130

PYMNTS

APRIL 10, 2020

We have deep dives into healthcare payments artificial intelligence (AI), subscription churn, and a TurboTax tool for stimulus payments. Bringing AI To The Fight Against Healthcare Payments Fraud. TurboTax Rolls Out Free Tool For Faster Stimulus Payments. Trackers and Reports.

Healthcare 86

Healthcare Tax AP Processes accounts payable 86

PYMNTS

MARCH 28, 2019

Xerox is strengthening its position in the accounts payable services space with a new suite of business solutions. The four industries Xerox is targeting include the insurance, healthcare, public sector and retail markets, each with its own tool to tackle industry-specific challenges through digital tools.

accounts payable 43

accounts payable Account accountant accounted 43

MineralTree

DECEMBER 22, 2022

What does digital transformation mean in Accounts Payable? Digital transformation in Accounts Payable (AP) occurs when teams use technology to automate and streamline manual processes across the back office. APQC reports that industries using manual accounts payable invoice processing typically pay more in labor expenses.

accounts payable 52

accounts payable AP Automation Account accountant 52

Airbase

OCTOBER 23, 2023

Three-way match should be incorporated into accounts payable processes whenever you need to ensure the accuracy and validity of invoices — in other words, whenever possible. In accounts payable, the primary benefits are: Catch fraudulent invoices. When should you use a 3-way match?

accounts payable 130

accounts payable AP Automation Technology accounting and finance 130

PYMNTS

OCTOBER 22, 2019

Accounts payable technology company AvidXchange is targeting the healthcare industry with payments and invoicing offerings. AvidXchange is broadening access of its AvidPay and AvidInvoice tools to the long-term healthcare and social services markets, the company said in a press release on Monday (Oct.

AP Automation 40

AP Automation Healthcare Technology accounts payable 40

Airbase

OCTOBER 25, 2023

This is why we’re seeing intake solution providers adding accounts payable automation to their offering. Accounts payable and procurement. But Airbase’s platform takes the impact of intake one step further by adding it to our sophisticated accounts payable functionality. They really enjoy using the system.”

accounts payable 130

accounts payable AP Automation Approval Workflows Technology 130

PYMNTS

DECEMBER 23, 2020

Healthcare providers face uniquely complex payment flows. Healthcare providers can then either dispute insurance firms’ decisions and seek additional funds or ask patients to pay remaining amounts. A Digital Cur e For Healthcare’s AR, AP Ailments. Around The B2B Payments Landscape. Get the full scoop in the Tracker.

Technology 80

Technology Healthcare B2B accounts payable 80

PYMNTS

AUGUST 15, 2019

Medpricer, a technology company that targets the medical and healthcare services with cost management solutions, is rolling out a spend analytics tool. 14), Medpricer announced the launch of mSource Insights, a spend analytics solution designed to provide deeper insight into healthcare organizations’ spend on purchased services.

Healthcare 40

Healthcare accounts payable accountant accounted 40

Withum

SEPTEMBER 25, 2023

Learn how Withum helped a healthcare client optimize realtime reporting, internal controls, scalability and automation while improving efficiencies within their finance department. The Client The client is a healthcare management company specializing in innovative diagnostic and interventional radiology and vascular care services.

Healthcare 52

Healthcare Technology accounting and finance New Jersey 52

PYMNTS

AUGUST 11, 2020

From a lack of supplier acceptance of electronic payments to outdated infrastructure within accounts payable (AP) departments, the B2B payments ecosystem still has much room for improvement on multiple fronts. “You can’t just take an accounts payable view of things,” said Phalen. Driving Scale.

B2B 110

B2B accounts payable Healthcare Government 110

PYMNTS

JULY 3, 2019

Cash flow is a fickle beast for any organization, but in the healthcare sector, bottlenecks and friction points are aplenty thanks to issues like late patient payments, insurance payouts and negotiations, and refunds. Unfortunately, accounts payable automation in the healthcare sector is far from ubiquitous.

Hospitality 46

Hospitality accounts payable Healthcare Technology 46

PYMNTS

JULY 2, 2020

Often at the center of this initiative is the accounts payable (AP) department — and unsurprisingly for these volatile times, the strategy can turn toward lengthening the days payable outstanding (DPO). ” The healthcare industry is one area where these conversations are happening more frequently.

accounts payable 104

accounts payable B2B Hospitality accounting and finance 104

CPA Practice

SEPTEMBER 17, 2024

Intuit Enterprise Suite includes automated new-hire onboarding processes and access to healthcare, retirement, and workers’ comp benefit offerings. Stay compliant, pay, and manage teams with confidence : Businesses have access to robust payroll and HRIS features beyond just paying employees.

Technology 105

Technology Non-Profits quickbooks payroll 105

PYMNTS

AUGUST 17, 2020

The cybersecurity company discovered hackers collected more than 800 sets of credentials from targeted companies and their business executives in an attempt to steal corporate funds by creating false invoices, sending them to lower-level employees, and directing accounts payable departments to pay those invoices into fraudsters’ accounts.

Pharmaceutical 94

Pharmaceutical accounts payable Healthcare B2B 94

PYMNTS

AUGUST 10, 2020

Investigators examining alleged wrongdoing at once high-flying UAE healthcare provider NMC Health are exploring whether the company falsified drug orders to inflate the books of a related company through which NMC raised debt, the Financial Times reported on Monday (Aug. According to Reuters , NMC operates more than 200 facilities in the UAE.

Pharmaceutical 57

Pharmaceutical Healthcare accounts payable accounting and finance 57

PYMNTS

APRIL 16, 2020

The COVID-19 pandemic is putting accounts payable (AP) department practices to the test. Healthcare companies must especially be vigilant about their AP defenses even as the pandemic puts pressure on them to act quickly. Bad actors are increasingly trying to exploit confusions as companies transition to remote operations.

AP Automation 52

AP Automation Technology accounts payable Healthcare 52

CPA Practice

OCTOBER 3, 2023

Stampli , a provider of AI-powered accounts payable automation, today announced that it has raised $61 million in a Series D venture funding round led by funds managed by Blackstone, with the participation of existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital.

AP Automation 59

AP Automation Technology Accounts Payable Automation accounts payable 59

Withum

DECEMBER 12, 2023

Another item that most people forget to consider in healthcare accounting is the repayments of loans. Other reports that must be reviewed on a periodic basis are the accounts receivable aging and accounts payable aging.

financial statements 75

financial statements Account accountant accounted 75

PYMNTS

JUNE 25, 2019

Bank has teamed up with accounts payable automation firm Inworks to streamline business-to-business payments within the healthcare sector. In a press release on Monday (June 24), the firms said their tie-up will connect hospitals and other companies in the healthcare services space with B2B payments and other financial services.

Hospitality 40

Hospitality Healthcare Accounts Payable Automation accounts payable 40

PYMNTS

NOVEMBER 3, 2020

3) that it has completed its multimillion-dollar acquisition of CPS Payment Services , a B2B payments and accounts payable (AP) automation technology provider. Repay Holdings said on Tuesday (Nov.

AP Automation 56

AP Automation accounts payable B2B Technology 56

PYMNTS

DECEMBER 24, 2020

The Council for Affordable Quality Healthcare (CAQH) reported that just 13 percent of dental plans paid providers’ claims using electronic methods in 2019, whereas 70 percent of medical plans reportedly did the same. “The Payouts And AR. The dental industry has lagged behind most of the medical sector when it comes to modernizing.

B2B 102

B2B Healthcare Account accounted 102

Airbase

AUGUST 2, 2023

Christina Howlett Perez, Associate Vice President, Procurement at Definitive Healthcare, commented on her experience with Airbase. Our latest module, Guided Procurement, brings transaction intake and a fully automated accounts payable capability together for the very first time. I’m so excited about Airbase’s Guided Procurement!

Spend Management 130

Spend Management Spend Management Tools Spend Management System accounts payable 130

PYMNTS

OCTOBER 20, 2020

Accounts payable and payments automation solution MineralTree has added automated PO and invoice matching for cloud-based accounting and financial management platform Sage Intacct , a press release says.

AP Automation 52

AP Automation accounts payable Technology Healthcare 52

PYMNTS

APRIL 19, 2019

Aimed at consolidating spend across accounts payable, employee expenses and other processes, Airbase offers companies a way to manage and control the money that flows out of a business. It also focuses on employee empowerment and well-being through a range of tools, including savings, healthcare, sick leave and faster payment services.

B2B 69

B2B accounts payable Spend Management Hospitality 69

PYMNTS

JANUARY 17, 2020

Accounts payable (AP) and payment automation solution company AvidXchange has raised $260 million in equity capital in a financing round, according to a press release. The company has raised over $800 million in its two-decade history, with contributions from investors like TPG Sixth Street Partners and others.

Finance 52

Finance accounts payable accounting and finance Healthcare 52

PYMNTS

APRIL 9, 2020

Other markets, like healthcare procurement and telecommunications firms, are experiencing a boom as corporate customers like hospitals and organizations that have shifted to remote operations accelerate their spend, which has driven the search for B2B payment solutions that can elevate buying power.

B2B 93

B2B Hospitality Technology accounts payable 93

PYMNTS

AUGUST 19, 2019

Moreover, in terms of the larger picture, more than 96 percent of enterprise spend beyond that of payroll is related to accounts payable; 3.7 percent of the remainder is T&E related. AI, according to the findings, can flag 8.7 percent of expenses as high risk, tied to duplicative spending or as being unauthorized.

audit 56

audit accounts payable Technology Healthcare 56

PYMNTS

AUGUST 14, 2019

Among those verticals doing such deep dives: financial services, healthcare and insurance. Much of the inefficiency can be solved through adopting a software suite that spans a continuum of accounts payable (AP) functions, said Nadaud. At least some companies — at about 30.7

accounts payable 66

accounts payable AP Processes Healthcare Technology 66

CPA Practice

SEPTEMBER 1, 2023

If your firm is already providing some CAS offerings, such as expense management, payroll or accounts payable, the transition to a full CAS practice might be even easier. It’s important for accounting firms to understand where the client need is when thinking about developing specialty areas.

Technology 116

Technology Start-ups accounts payable accounting firms 116

PYMNTS

OCTOBER 16, 2020

Drill down a bit, and average DSO have been notably on the rise in verticals such as construction (up 10 days to an average 53 days) and healthcare (up seven days to 49 days). The discussion came amid the backdrop where days sales outstanding (DSO), according to PYMNTS, have increased across the board — overall, by about 7 percent.

B2B 64

B2B accounts payable Healthcare Construction 64

Cherry Bekaert

APRIL 3, 2023

Turning to healthcare, the industry is challenged with high costs, volume and stringent regulations while maintaining quality and urgency of care. Due to their rapid growth and volume of data, the organization was challenged with time-intensive and antiquated back-end processes that were creating a backlog of invoices and accounts payable.

Technology 71

Technology Healthcare accounts payable audit 71

Cherry Bekaert

OCTOBER 25, 2023

Industry Solutions Sage Intacct offers solutions and dashboards for multiple industries, including professional services, technology, not-for-profit, state and local government, real estate and construction, and healthcare. For instance, let’s examine the healthcare industry.

Healthcare 59

Healthcare Technology Non-Profits accounting and finance 59

PYMNTS

DECEMBER 29, 2020

The healthcare sector has been put under a global microscope due to the pandemic, but many businesses in the industry are facing revenue losses despite high demand for COVID-19 care and increased telehealth use. The overall medical space is predicted to see its 2020 revenue come in 10 percent below last year’s. Information-Flow Frictions.

Healthcare 52

Healthcare Hospitality B2B Government 52