AP Made Simple: Transforming Accounts Payable with Intelligent Interoperability

Strategically evolving AP processes in MEDITECH Expanse through automated workflows and digital payment capabilities.

Manual Processes Lead to Inefficiency and Risk

Healthcare organizations relying on manual and paper-based payment methods face significant inefficiencies in their Accounts Payable operations. These outdated processes are not only costly but increases the risk of fraud —especially check fraud, which accounted for 65% of reported incidents in 2023.¹

Transforming Accounts Payable is often part of a larger workflow automation strategy, with goals of achieving straight-through processing (STP) and minimizing fraud risk. In fact, 92% of organizations‚ express a desire for greater efficiency, while 85% aim to lower costs during this transformation.

Automating AP for Enhanced Efficiency and Security

An effective solution is an automated payment system that integrates seamlessly with existing core platforms like MEDITECH Expanse. This new layer of intelligent interoperability streamlines vendor payments and patient refunds, minimizes manual tasks, enhances security, and drives operational cost savings.

BENEFITS OF AUTOMATING AP

• Grow Digital Payments: Drive the shift to digital transactions and faster reconciliation through preferred payment options.
• Next-Gen Operations Increase visibility with a single source of truth for payables, approval flows, and payment status.
• Increased Security: Protect financial data through intelligent payment security and fraud protection.
• Revenue Generation: Transform AP into a revenue center through virtual card payments and cash-back opportunities.

ECHO reduces complexity, fragmented processes, and ongoing maintenance through a single integration point into MEDITECH Expanse. Modernize your approach to AP with a interoperable, future-foward solution designed to enhance reconciliation, increase digital payment adoption, and maximize efficiencies across your organization.

Download the full solutions brief to learn more.

^{1 2024 AFP Payments Fraud and Control Survey
2 2022 AFP Payments Cost Benchmarking Survey}