for Health Care Systems
HealthSpire will work with your health care system to design a unique ePayables solution that will maximize the effectiveness of your virtual card program.
Virtual card programs can drive efficiencies and provide earnings revenue back to the health care system. Virtual card payments to suppliers is an excellent and secure alternative to check payments.
What is ePayables?
ePayables (electronic payments) is also referred to as virtual cards and is currently the largest electronic payment growth segment in the B2B commercial card industry. ePayables is a virtual electronic credit card solution tied to a single B2B supplier payment, issued for a specific dollar amount. Supplier payments via virtual credit card eliminate the cost of paper check processing, reduces fraud, improves cash flow and decreases Days Sales Outstanding (DSO) for suppliers.
ePayables acceptance is growing at a steady rate of more than 9% and is expected to reach over $350 billion by year-end 2018. The B2B overall payments space is estimated to be $450 trillion.
Our ePayables Process Made Easy
with HealthSpire HEART
HealthSpire uses a methodical step-by-step consultative approach to guide health care systems through a solutions-oriented way to improve existing accounts payable processes. We call this process HealthSpire HEART.