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How Healthcare Companies Solve Supplier Payments

From traditional healthcare organisations to telehealth and wellness companies, Tipalti offers tailored accounts payable automation solutions for overcoming the most common AP and vendor payment pain points that plague the healthcare industry.

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How Healthcare Companies Solve Supplier Payments 1
How Healthcare Companies Solve Supplier Payments 2
sensei logo
vipcare logo
OptimizeRX logo
How Healthcare Companies Solve Supplier Payments 2
AllianceHealthcare logo
acuity eye group logo
akoya biosciences logo
AllianceHealthcare logo

Partnering with Tipalti as our accounts payable solution was one of the best things we could have done.

Courtney Santry

Controller at Sensei

READ CASE STUDY
Wipe out 80% of paper-based processes arrow
Automate invoice workflows arrow
Easily onboard suppliers arrow
Execute global payments arrow
Simplify multi-entity payables arrow
Maintain healthcare compliance. arrow

A payables process healthcare providers never think about.

End-to-end payable automation that eliminates paper invoices for health systems. Say hello to a paperless AP workflow.

Touchless AP is a reality.

Invoices are read through OCR for a straight-through AP process, including the entire approval cycle from invoice to payment. No more manual data entry.

Automate healthcare vendor supplier payments.

Automation solutions that include a cloud-based, self-service supplier portal that’s intuitive and easy to use. Manage vendor relationships with ease.

Pay anyone, anywhere.

Pay suppliers in 196 countries using 120 currencies in a matter of clicks. It’s an AP system that offers multiple on-demand payment methods.

Centralise payables operations.

Tipalti makes it easy to bring accounts payable controls and execution to businesses with multiple subsidiaries, supply chains, and business units.

A HIPAA-compliant solution that puts patient care first.

Tipalti helps healthcare businesses achieve HIPAA regulatory compliance and operational efficiency. Speed up data capture and reduce processing costs all at once.

How Healthcare Companies Solve Supplier Payments 4

Hear from our healthcare customers

How Healthcare Companies Solve Supplier Payments 5

With Tipalti, Sensei has significantly reduced its accounts payable workload and streamlined vendor management.

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How Healthcare Companies Solve Supplier Payments 6

The team at Therabody took out 60 hours a month that was spent on accounts payable work.

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acuity eye group logo

Acuity Eye Group automated invoice processing across 12 subsidiaries and 50 locations without hiring additional staff–using Tipalti as their AP automation solution.

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Why trust Tipalti as your healthcare accounts payable solution?

Eliminate Manual Processes

Manual processes lead to partner payment errors. Dramatically reduce payment workload by 80% with self-service onboarding, automated communications, and a unified payment processing interface. A business can reduce inefficiencies, payment errors, duplicate payments, and potential fraud.

Pay Suppliers Anywhere

Offer more payment options than anyone else. This includes US ACH, wire transfer, global ACH, PayPal, prepaid debit, or paper check. This helps to retain the best suppliers and contractors to improve your service quality, while reducing the risk of fraud. They can also be paid in their local currency.

Add Financial Controls

Ensure invoices are approved by the right signatories and payment execution is signed off by key executives. Tipalti provides deep financial controls to secure payables activities and add to your bottom line.

Tax Compliance

Don’t wait until year-end to hunt down suppliers for their tax forms and eligibility. It’s a time-consuming process. Instead, automatically collect W-9, W-8 series, or VAT ID forms and produce submission-ready 1099 and 1042-S reports.

HIPAA Laws

Worried about HIPAA? The Tipalti platform also complies with all HIPAA laws that are required and applicable. Compliance is built into the system. Tipalti signs a BAA with customers that is subject to HIPAA as a covered entity or business associate. It also submits PHI to the services as customer data.

Tipalti’s ERP Integrations with Top Healthcare Accounting Software

Curious how Tipalti will fit into your current operations? It’s a payment system that seamlessly integrates with top healthcare accounting software, making setup and AP workflows a breeze.

oracle netsuite logo
sage logo
quickbooks logo
How Healthcare Companies Solve Supplier Payments 7
acumatica logo
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How Healthcare Companies Use Tipalti for AP Automation and Vendor Payments

  • They provide identity, payment details, and tax information (e.g. W8, W9, VAT).
  • Tipalti verifies payment details using over 26,000 rules.
  • The portal provides updates on payment status and allows for self-service changes.
  • Healthcare organizations can leverage Tipalti’s AP software to streamline any part of the procure-to-pay process.
Suppliers login into a self-service secure web portal
  • Suppliers can email invoices or upload them directly from the Supplier Hub web portal.
  • Tipalti integrates with your enterprise resource planning system, performance tracking data through the Tipalti API, or accepts a payment instruction file.
  • Tipalti AI routes invoices and payment instructions to the organization’s approvers.
Suppliers can submit invoices directly or bills can be synced from ERP
  • Once approved, Tipalti routes payments internally to secure approvals, ensuring funds exist, and using the supplier’s chosen payment method (e.g. ACH, wire transfer, PayPal, etc.).
  • The AP department no longer has to log into individual bank portals or reconcile payments from across multiple accounts.
  • Tipalti sends the payments out through the proper banking channels.
  • Tipalti alerts payees of payment status and reports any issues to them if funds don’t land.
  • Payments and transaction fees are fully reported for reconciliation in real-time to the ERP.
Payments are scheduled and sent

FAQs

Why should I use Tipalti as my healthcare accounts payable software and vendor payment platform?

From invoice approvals to supplier management, PO-matching, HIPAA compliance, and more, Tipalti offers tailored solutions for overcoming the most common AP and vendor payment pain points that plague the healthcare industry.

How is Tipalti HIPPA compliant?

Tipalti complies with all HIPAA Rules that are required and applicable.

What type of healthcare companies use Tipalti?

Any type of business or company involved in the healthcare industry can use Tipalti’s automation software, from traditional healthcare organizations to telehealth and wellness companies.

Innovation and efficiency come built-in

Tipalti offers the most comprehensive payables technology to help your business streamline, simplify, and evolve.

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AP & PO Management
Global Partner Payments
Invoice Management Icon

Invoice Management

Eliminate the busy work with touchless invoice processing with smart OCR. Advanced approvals with AI streamlines the approval process and minimises delays.

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Supplier Management Icon

Supplier Management

Effortlessly onboard vendors with a multilingual, self-service portal that’s brandable. Plus, give suppliers a real-time view of payment and invoice status.

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Procurement Icon

PO Management

Manage spend all in one place. Streamline purchase requests, PO’s, approvals, and vendors with budget visibility to make informed decisions.

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PO Matching Icon

PO Matching

Eliminate overspending and strengthen financial controls with automated 2-way and 3-way matching and enjoy a frictionless approval cycle.

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Global Payments

Send payments in 120 currencies in 196 countries through six unique payment methods.

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Multi-Entity Icon

Multi-Entity

Manage unique payables workflows and centralise AP for subsidiaries and entities within a single instance.

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Currency Icon

Currency Management

Save time and money on FX conversion payouts with highly competitive exchange rates.

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Tax Compliance

Take the headaches out of collecting and validating VAT tax information.

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Payment Reconciliation Icon

Payment Reconciliation

Speed up financial close by 25%+ by synching and reconciling multi-entity payables data with ERP and Accounting systems.

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Financial Controls Icon

Financial Controls

Enterprise-grade financial controls: Fraud, tax, regulatory, audit, spend and cash flow.

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Self-Billing Module

Simplify self-billing processes with automated invoice creation and submission while ensuring global regulatory compliance.

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Fraud Detection

Tipaliti Detect lets you proactively identify payee fraud risk and maintain a full audit trail.

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Secure Cloud

Rest assured that data is collected, stored, and transmitted securely in the cloud. Tipalti is SSAE 18 and ISAE 3402 SOC 1 Type II and, SOC 2 Type I certified, and GDPR Compliant.

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ERP Integration

Best-in-class integration with your existing ERP and accounting systems and sync invoices, suppliers, payments and purchase orders.

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Simplify Performance-to-Pay

Easily sync data from marketplace platforms and tie performance analytics to pay partners.

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Payments API

Integrate any system through our highly secure API that offers full-featured interfaces.

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Artificial Intelligence/Tipalti Pi

Take advantage of proactive, smarter processes for the entire payables operation as well as greater efficiency and risk mitigation.

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Let’s get more productive

Talk to an expert and learn how you can take control of your payables.

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Solutions

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Technology

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  • Secure Cloud
  • Pi Payables Intelligence

Resources

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