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We understand your accounts payable processing issues. Speed up the A/P process without sacrificing output quality. Pay your vendors on time and minimize backlogs and errors.
Industry
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Healthcare
Enhance Your Healthcare Automation with Hermes Smart AP Process
Hermes AP-Automation for Healthcare ensures that your finance team is free from tedious manual paperwork and can focus on providing the best possible patient care.
Request For DemoLet's Discuss our Healthcare Challenges
The world is moving ahead with the help of advanced technology, and so should AP-Automation for Healthcare!
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1. High volume of invoices
Healthcare organizations only receive 75% of their invoices electronically, leaving the remaining 25% to be processed manually. These paper invoices lead to overwhelming and tedious work.
2. Complex billing and coding systems
The healthcare finance team must have an AP- Automation software for healthcare to avoid confusion while billing due to the overwhelming number of codes associated with insurance policies.
3. Manual processes
Manual processing of patient details and expenses is an inefficient use of time. AP-Automation for Healthcare offers the ability to process information 24/7 without human intervention.
4. Fraud and theft
Fraud for commercial card purposes increased by only 10% in 2021. However, healthcare companies still prefer paper checks over e-payments despite the increased risk of theft through duplication and forgery.
5. Compliance regulations
The AP team's inefficient document system causes bottlenecks, higher expenses, and complicates audits. They need more staff to handle high invoice volumes and manually track past payment dates.
6. Increased costs
The healthcare system is fast-paced, with emergencies constantly arising. Manual management leads to increased costs due to poor efficiency, which can be solved by AP-Automation for Healthcare.
1. High volume of invoices
Healthcare organizations only receive 75% of their invoices electronically, leaving the remaining 25% to be processed manually. These paper invoices lead to overwhelming and tedious work.
2. Complex billing and coding systems
The healthcare finance team must have an AP- Automation software for healthcare to avoid confusion while billing due to the overwhelming number of codes associated with insurance policies.
3. Manual processes
Manual processing of patient details and expenses is an inefficient use of time. AP-Automation for Healthcare offers the ability to process information 24/7 without human intervention.
4. Fraud and theft
Fraud for commercial card purposes increased by only 10% in 2021. However, healthcare companies still prefer paper checks over e-payments despite the increased risk of theft through duplication and forgery.
5. Compliance regulations
The AP team's inefficient document system causes bottlenecks, higher expenses, and complicates audits. They need more staff to handle high invoice volumes and manually track past payment dates.
6. Increased costs
The healthcare system is fast-paced, with emergencies constantly arising. Manual management leads to increased costs due to poor efficiency, which can be solved by AP-Automation for Healthcare.
Hermes AP- Automation Smart Solutions for Your Business
90%
Time Saved with one minute of all Healthcare invoices
98%
Key field accuracy with AP-Automation for Healthcare
9x
Faster Invoice processing with increased patient Satisfaction
Enhance Your Healthcare Business Using Hermes Solutions
Invoice processing automation
Hermes as a AP-Automation software for healthcare uses AI-based OCR to extract data from invoices and RPA to validate business-specific rules and automatically send invoices to your financial system (ERP), saving you 90% of your invoice processing time.
Approval workflows
Healthcare organizations can benefit from Hermes, an automated workflow tool that sends approval processes directly to the right people for precise processing. With Hermes, AP- Automation, Healthcare systems can improve efficiency and compliance while freeing more time for patient care.
Reporting and analytics
Hermes AP-Automation for Healthcare offers comprehensive reporting and analytics for tracking AP performance and identifying areas for improvement. These reports help make better healthcare decisions and improve patient outcomes.
Payment automation
Hermes can automatically pay your invoices according to your pre-defined rules. This AP- Automation software for healthcare automation can help to free up your Healthcare staff to focus on patient experience and improve cash flow.
Cloud-based deployment
Hermes AP-Automation for Healthcare offers secure cloud storage for healthcare documents, with easy access from anywhere using your credentials. Ideal for organizations with multiple locations or remote staff.
Hermes as a Healthcare invoice automation service is a powerful tool that can help healthcare organizations improve their accounts payable processes and save time and money.
Gain Real-time Insights Into Your Financial Health with Hermes AP-Automation.
Maximize Visibility
Track real-time data with Hermes AP-Automation and gain control of all your transactions within one platform.
Automated Software
With Hermes AP-Automation, reduce invoice processing time from 5 days to 1 minute and accelerate receivables for better patient care.
Higher accuracy rate
Experience a 98% accuracy with Hermes AP-Automation and focus on improving your financial process with complete transparency.
Seamless Integration
Hermes AP-Automation for Healthcare can handle various invoice formats and seamlessly integrate into any ERP.
Easy to implement
Get your workflow set up and going within days with tailored requirements for your business needs.
Processing Speed of Extraction
With lightning-speed data extraction through automatic invoice processing, Healthcare providers can provide real-time reports to their patients and increase patient engagement.
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