Healthcare cost reduction is more important than ever, yet legacy accounts payable processes hold providers back, eating up time and inflating costs. Streamlining procure-to-pay in the healthcare industry is key to ensuring that organizations have what they need in order to offer the best, most effective patient care.

However, data from Premier Inc., an industry-leading healthcare improvement company, indicates that most invoices in this sector are still paper-based, with the vast majority of them still paid by paper check. Aside from the expense of doing things this way, manual processes slow down the healthcare P2P workflow and create opportunity for error.

Remitra™, a division of Premier Inc. partnered with the Institute of Finance Management (IOFM) to explore ways in which technology-enabled ordering, invoice processing and payment can help healthcare providers and suppliers do their jobs better.

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