According to a PayStream Advisors study, healthcare payment cycles are ten times less efficient and more complex than nearly every other industry.
The answer is simple: Paper-based processes.
Paper-based workflows require a lot of manual effort – meaning your employees spend too much time chasing down paper documents – tasks that could be eliminated with AP automation.
With automated AP workflows, invoices and related documents are quickly and securely routed through the software, allowing payments to be completed in a matter of hours rather than weeks – helping you avoid late payment fees (and duplicate payments) and earning more early payment discounts.
Want to read more? Read the original article on HealthWorks Collective.