How Healthcare Companies Solve Supplier Payments

From traditional healthcare organizations 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.

Three doctors talking to each other in an office.

Courtnay Santry | Controller, Sensei

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

Wipe out 80% of paper-based processes

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.

Automate invoice workflows

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.

Easily onboard suppliers

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.

Execute global payments

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.

Simplify multi-entity payables

Centralize payables operations.

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

Maintain healthcare compliance.

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.

Hear from our healthcare customers

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Sensei, a healthcare software company, has significantly reduced its accounts payable workload and streamlined vendor invoice management by partnering with Tipalti.

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

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

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.

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How Healthcare Companies Use Tipalti for AP Automation and Vendor Payments

FAQs

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.

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

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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Invoice Management

Ditch the busy work with automated invoice processing with smart OCR. Advanced approvals with AI streamlines the approval process and minimizes delays.

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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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Global Payments

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

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Currency Management

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

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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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Self-Billing Module

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

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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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Payments API

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

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Money Transmitter License

Get peace of mind for global transactions, more transparent controls and compliance review process by leveraging Tipalti’s banking and compliance rails.

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Artificial Intelligence/Tipalti AI

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

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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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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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Tipalti Card

Gain complete control and visibility over your corporate credit and debit card spend with a solution integrated into the most powerful global payables solution with automatic reconciliation.

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Multi-Entity

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

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Tax Compliance

Take the headaches out of collecting and validating IRS and VAT IDs. KPMG-approved for W-8/W-9 IRS requirements and generate 1099/1042-S tax prep reports.

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Financial Controls

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

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Fraud Detection

Tipalti 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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Simplify Performance-to-Pay

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

Let’s get more productive

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