Healthcare virtual credit cards provide an easy and immediate solution to simplify payments and turn a traditional cost center into an additional revenue stream. The solution brings supplier payments on a single automated platform.
The CommerceHealthcare® AP Card enables health systems, hospitals and physician practices to leverage automated, electronic payments and earn revenue through a virtual credit card. This flexible payment management program works with your existing accounting system while also creating a new revenue stream and reducing operating costs. By converting paper-based payments, like checks, to virtual card payments, healthcare providers gain operational efficiencies, detailed reporting, and reduced expenses.
Work with all ERP systems (including Oracle® E-Business, Infor®, Peoplesoft®, SAP®, etc.).
Improve cash flow.
Reduce costs by eliminating paper checks and escheatment.
Minimize fraud risks.
Generate monthly revenue share.
Analytics on payment types and comparison to national benchmarks.
Extensive supplier network built over the last 15 years.
Whether you’re managing an established practice or building one from the ground up, today’s complex and ever-evolving healthcare billing environment makes it more important than ever to strengthen your revenue cycle management (RCM) processes to help maintain steady cash flow.
Healthcare payments offer fertile ground for automation. This report explores a proven approach in remittance management, one that generates efficiencies, reduces costs to collect, promotes digital strategies, and prepares the organization for the future.
