The benefits of electronic invoicing in healthcare are many. In fact, electronic invoicing can streamline the entire payment process for both the hospital and its suppliers. Prompt payment discounts are one of the biggest benefits, helping hospitals and suppliers increase cash flow and become preferred vendors. And with all the data available in a...

Although healthcare has a thriving electronic invoicing industry, it lags behind most industries when it comes to the digitalization of its accounts payable processes. Many manual processes still dominate healthcare purchasing, with 70 percent of invoices being paper-based and 85 percent of purchases made manually using paper checks. The result is...

Among the sectors where healthcare providers can benefit from electronic invoicing is hospitals. This sector has been lagging behind other industries when it comes to the adoption of this technology. Its issuance is growing at a slower rate than the other sectors, with 0.36% of healthcare invoices issued in 2018 and 0.12% expected in 2020. However,...