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GHX OnDemand AP(R) Solution Improves Cash Flow, Streamlines Invoice Processing for Healthcare Providers
Date:6/16/2010

error rates. OnDemand AP also helps providers maximize labor efficiencies, reduce hard-dollar costs and better administer payments.

With OnDemand AP, suppliers send paper invoices to a lockbox for optical character resolution processing. Provider AP staff can monitor invoices received and, because manual invoice processing is eliminated, they only need to address discrepant invoices. This results in shorter invoice processing cycles and lower invoice processing costs.

"AP automation represents a significant opportunity for hospitals to further lower costs and improve efficiencies," says Rob Gillespie, CFO, GHX. "It will also be a key factor in the realization of our goal to cut another $5 billion out of the cost of the healthcare supply chain over the next five years." GHX hospitals and suppliers have already documented $1.3 billion in savings since 2006.  

Attendees at the 2010 HFMA ANI Conference can learn more about OnDemand AP by stopping by booth 691 during exhibit hours on Monday and Tuesday, June 21 and 22. Or, to learn more about AP optimization in general, download this recent white paper from GHX, which will also be provided to all HFMA ANI attendees.  

About GHX

As the business hub for healthcare, Global Healthcare Exchange, LLC (GHX) enables healthcare providers and suppliers in North America and <
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