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
Paid on time
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.
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
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.
Why customers work with Basware to make automation happen
Cutting-edge technology powered by AI & ML that eliminates all manual processes
Global compliance capabilities and the ability to integrate with 250 ERPs across more than 175 countries
40 years of specialized experience implementing best practices and reducing risk across finance operations
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 biopharma, construction, consumer goods, education, energy and utilities, financial services, healthcare, hospitality, manufacturing, oil and gas, real estate, retail 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.