Case Study

Healthcare Systems Saves $1.1 Million Annually On Invoice Processing

Source: Infor Healthcare
Healthcare Invoice Processing

Ranked among the nation's top five large healthcare systems, Memorial Hermann Healthcare System is the largest not-for-profit healthcare system in Texas. More than 20,000 employees serve the greater Houston community through 12 hospitals, a vast network of affiliated physicians and numerous specialty programs and services.

Challenges

  • Consolidate procurement and payment (P2P) systems to eliminate multiple data failure points.
  • Avoid major technology investment.
  • Shift from paper-driven system to an electronic payment and invoicing model.
  • Improve payment processing time.
  • Reduce per-vendor transaction costs.
  • Improve cash flow and maximize discounts.

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