A healthcare supplier or vendor payment program is an essential financial tool for your health system, hospital or physician practice. Supplier payment programs generate alternative revenue streams while also reducing the cost associated with reconciliation and paper payments. Supplier payment programs deliver more control and flexibility to your healthcare organization's vendor payment process.
Payment Hub, by CommerceHealthcare®, streamlines your vendor payment processing across all enterprise applications, payment types and banks. It enables hospitals and practices to gain efficiencies and generate revenue share. Best of all, the portal interfaces with your existing accounting systems, aligning supply chain processes and automating payment processes.
Power up vendor payments with Payment Hub
Payment Hub creates an automated payment strategy through the optimization of supplier payment types (card, ACH, check, and specialty), while providing an opportunity for monthly revenue share. It also maintains supplier information, facilitates payments, and creates a reconciliation file back to your ERP system.
With a successful 15-year track record, CommerceHealthcare® has built one of the strongest supplier networks in the industry. A dedicated enrollment team simplifies the process by working directly with suppliers not already enrolled in the network. This team will ensure your suppliers are enrolled on their preferred payment option. The team will provide ongoing enrollment throughout the life of the program. A dedicated hotline is also available for suppliers to call for support.
How it works
Generates interchange revenue share from electronic payments
Dedicated supplier enrollment team and support hotline
Mitigates risks with fraud monitoring
Efficient and accurate reconciliation
Reduces or eliminates escheatment
Increases electronic payments and reduces check writing costs
Improves reconciliation time
Integrates with current accounting system
Real-time supplier reporting
Maximizes employee productivity and efficiency
"Having payment options to offer vendors made a huge difference... They listen and provide excellent customer service, beyond implementation."Accounts Payables Manager
Gundersen Health System cures vendor payment pains.
Wanting to simplify its increasingly complicated supplier payment program, one health system finally found success with Payment Hub.
Streamlining Accounts Payable Operations and Generating Revenue at Cookeville Regional Medical Center
Cookeville Regional Medical Center streamlines its accounts payable operations while generating additional revenue.