Healthcare revenue and payment cycle management solutions provider injects sourcing process with cloud-based applications to help identify savings
As the single largest financial and administrative information exchange in the U.S. healthcare system, Emdeon understands the importance of leveraging technology to connect healthcare participants and simplify business processes. So when it came to enhancing the efficiency of its own procurement process, Emdeon turned to a company that knows it’s not what you know, but who you know and how you connect to them that drives improvements in productivity and profits – Ariba, Inc., the world’s business commerce network.
Ariba’s solutions combine cloud-based applications with a community of partners and capabilities in the form of best practices, community-derived intelligence and other unique features and services such as analytics, preferred financing and ratings to help companies buy, sell and manage their cash more efficiently and effectively.
Emdeon will leverage Ariba® Sourcing™, a cloud-based application that enables companies of all sizes to negotiate best-value agreements for direct and indirect materials, to drive its procurement activities. This offering fuels a sourcing process that helps to deliver savings and efficiencies that positively impact performance and ultimately, the bottom line.
Click here to access the entire Ariba press release.
Automation solutions like Ariba’s work to increase efficiency and maximize profitability. Healthcare is a rapidly evolving industry that continually faces the challenge of remaining profitable and efficient while still prioritizing patient care. On one hand, healthcare organizations have to contend with the fact that they need to do more with fewer resources and identify areas to cut costs. On the other hand, they cannot let financial incentives dictate how they deliver patient care.
Healthcare providers are looking to automation solutions to achieve their objective of cost containment, without compromising patient care. PayStream is currently working on an upcoming Healthcare ePayables report that will provide insight into the evolution of AP automation at healthcare organizations and examine available automation technologies.