Managing supplier invoices sent to numerous locations (some across the U.S.) can be daunting for CoC providers, especially for those that can’t afford to hire additional staff to handle them. Many healthcare services that were once provided in hospitals are now provided in multiple settings across the continuum. The COVID-19 pandemic accelerated the movement of care. By consolidating invoice processing, Remitra ® AP automation helps create time- and cost-saving efficiencies. Here are three ways Remitra ® AP automation solutions are positively impacting the bottom line for CoC providers.ġ. Premier is committed to supporting CoC providers in a number of ways, including Remitra ® AP automation, a suite of digitized financial solutions built for healthcare organizations regardless of size, type or group purchasing organization (GPO) affiliation. And while one might think AP automation is only for larger hospitals, AP automation can provide much-needed relief for the smaller providers along the CoC as well. One solution that’s helping healthcare organizations to optimize operations and safely reduce costs in this challenging environment is accounts payable (AP) automation. Oftentimes, staff members wear multiple hats (e.g., one person managing both patient scheduling and supply inventory). Unlike hospitals, CoC settings are often smaller with tighter budgets and leaner staff. But it’s not just hospitals that are feeling the strain providers across the Continuum of Care (CoC) - including physician practices, surgery centers, long-term care facilities and others – are strained too. COVID-19 exacerbated these challenges for healthcare organizations across the U.S., changing the healthcare landscape as we navigate post-pandemic reality. Declining federal funding and reimbursements. Premier is leading the way in healthcare AP automation with our Remitra ® solutions, most of which can be fully implemented within half a year and delivering return on investment (ROI) at a time when CoC providers need it most.Accounts payable (AP) automation can provide healthcare organizations of all types and sizes relief in the form of greater operational efficiencies, cost savings, revenue generation and opportunities to optimize working capital.Smaller providers across the Continuum of Care (CoC) are facing their own post-COVID-19 financial and labor challenges.
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