Basware Solutions for the Healthcare Industry

Accounts Payable Automation solutions that make it all happen for the Healthcare Industry

Cost containment has always been a significant concern for organizations in the healthcare sector.

Through the automation of accounts payable processes, companies in this sector can save time, ensure compliance, and gain full visibility. This allows them to focus on supporting patients and stakeholders, rather than administrative back-office duties.

With Basware, now it all just happens. Our AP Automation solutions for the healthcare industry empower every step of the accounts payable process to deliver efficiencies and cost savings while ensuring full compliance and accountability.

The benefits of AP Automation for the Healthcare sector

What can you achieve with Basware when True Automation happens?

89%

Touchless processing

99.7%

Electronic invoicing

85%

Paid on time

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HCR ManorCare Case Study

A longstanding customer with Basware, HCR ManorCare transformed from Basware’s on-premise solution to Basware AP Automation.

HCR ManorCare has embarked on a transformation from an entirely manual and paper-based world to a streamlined and automated future. On that journey, they have unlocked significant cost savings and productivity gains.

Download now to learn how HCR ManorCare removed $2m in over-payments entirely.

Read now

Basware fundamentally changed AP’s role. The AP organization, which shrank over time from 38 to 4 people, now focuses on exceptions. Account recovery audits were finding nearly $2 million per year in duplicate invoices and overpayments errors – recoveries have been reduced to occasional exceptions. Today, most invoices are processed on the same day they are received

Dave Danko, Business Solutions Product Manager, HCR ManorCare

Healthcare & Pharmaceutical AP Benchmarking Report

Just like with medicine, determining a baseline and setting targets for improvement are key to success in AP automation. Our Healthcare & Pharmaceutical benchmark report identifies five Key Performance Indicators and benchmarks being achieved by pharmaceutical and healthcare organizations using Basware to automate their accounts payable processes.

Read now

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Basware Solutions for the Healthcare sector

Contact us to see how our AP Automation Solutions can make it all just happen for your healthcare business.

Why customers use Basware as their leading AP Automation Provider

True Automation

Cutting-edge technology powered by AI & ML that eliminates all manual processes

Complete Coverage

Global compliance capabilities and the ability to integrate with 250 ERPs across more than 190 countries

Deeper Expertise

40 years of specialized experience implementing best practices and reducing risk across finance operations

FAQs

What other industries do you support with AP Automation?

At Basware, we are proud to deliver an AP Automation solution that's versatile to meet the needs of many industries. We firmly believe that no industry should be left out when it comes to streamlining their accounts payable processes, which is exactly what companies achieve with our solution.

Whether you're operating in the biopharmaconstructionconsumer goodseducationenergy and utilitiesfinancial serviceshealthcarehospitalitymanufacturingoil and gasreal estateretail and ecommerce, or transportation and logistics industry, rest assured, we've got you covered.

Each of these industries has unique needs and challenges, and our solutions are tailored to meet those specific demands. To see how we serve your industry, visit our industry-specific pages and explore how we can make a difference in your accounts payable operations.

What is AP Automation?

Dive into the world of AP automation, where manual tasks are digitized for enhanced efficiency. Discover its mechanics, benefits, and financial considerations, alongside answers to common queries and strategies for stakeholder engagement. Learn more ->

Why choose AP Automation?

As businesses seek efficiency and cost-effectiveness, the transition from manual to automated accounts payable (AP) processes emerges as a pivotal strategy. Delve into the realm of AP automation, unraveling its multifaceted benefits and constructing a compelling business case for its adoption. Learn more ->

What are the AP Automation challenges?

Discover the landscape of AP automation, from its promising benefits to the hurdles it may present. Explore our guide to uncover insights and strategies for successful implementation and optimization.

What is the AP Automation adoption and implementation process?

Explore the practicalities of adopting and implementing AP automation, from understanding the process flow to developing a comprehensive project plan. Gain insights into key steps and considerations, accompanied by answers to frequently asked questions for a well-informed approach. Learn more ->

What is an Accounts Payable audit?

Check out our comprehensive Accounts Payable Internal Audit Checklist, covering everything you need to know about auditing your AP operations. From fraud detection to compliance assurance, this guide explores the importance of AP audits and internal controls, offering practical insights to streamline operations and enhance efficiency.