Did you know that the cost to process a single invoice at a hospital typically lies between $8-10? Wouldn’t it be nice to simultaneously lower that cost and make the process go a whole lot faster? Enterprise content management (ECM) solutions can take that whole load off of you. They can even be integrated seamlessly with a current ERP, such as Meditech, allowing you to leverage the benefits of your existing EMR.
A Meditech EMR is certainly helpful for storing patient data, but it’s even better when supplemented with an ECM to make your all of your processes more efficient. Once you have your ECM in place, you’ll find that a lot of changes are taking place in your accounting department. What are these changes, you ask?
- There will be no more duplicate invoices resulting from employees having to make copies to send to multiple locations. Everyone will be able to access the same invoice electronically, from wherever they may be. You can even search for and sort your invoices by invoice price or number.
- You’ll be able to eliminate late payments and any fees associated, and you won’t miss out on any discounts, thanks to your own personal electronic reminders. If you don’t even want to deal with that, you can automate the payment of any of your invoices that are under a certain price of your choosing, and customize your invoice process to your liking.
- You’ll reap the benefits of being able to view an invoice electronically as soon as it’s received, resulting in less unaccounted liabilities so you can minimize risks. ECM experts want to provide everything you need to keep your department is sailing smoothly.
Ultimately, these changes will not only save you loads of money and time, but also improve your customer service, since files can be located and accessed immediately. With a seamless ERP integration, you’ll be breezing through your invoices in no time. Also, your clinicians will receive the tools they need to service their patients more quickly and easily. There will be less paper, less jumping through hoops, less miscommunication, and more efficient, streamlined processing. If you’re not careful, everyone will start to think you’re an over-achiever.
For more information, download our case study below – “Southcoast Health System Stays Ahead of the Curve with DataBank Online Services.”