Commerce Healthcare offers the next generation in Accounts Payable automation.
CommerceHealthcare®, a division of Commerce Bank, provides receivables, payables, finance, and money management solutions and services to healthcare providers and patients. A national leader in automated accounts payable solutions, we understand that building alternative revenue sources will play a critical role as healthcare providers face increasing pressure to diversify revenue, manage costs and maximize operating efficiencies.
As traditional revenue streams from insurer and patient payers fluctuate, healthcare providers are adapting to find new alternatives. Accounts payable is an area where health systems, hospitals and physician practices are finding significant revenue opportunities. As VHHA’s strategic partner for payables strategies, CommerceHealthcare® understands your unique challenges. We take a different approach to healthcare account payables and create a better experience for your organization, staff and suppliers.
By combining forward-thinking technology with responsive customer service, we can help transform your AP department, from invoice capture and workflow approval to payment optimization. The CommerceHealthcare® suite of AP solutions enables you to simplify, automate, and control your payment processes. Now you can streamline operations and create revenue for AP departments, without changing banking relationships.
“The Commerce team quadrupled the number of suppliers enrolled in automatic payments which significantly increased our efficiency in Accounts Payable.” — Corporate Controller, Excela Health
CommerceHealthcare® also provides a complete suite of financial solutions for healthcare providers, including:
- Patient Financing
- Remittance and Reconciliation
- Commercial Lending
- Depository and Treasury Services
- Capital Markets
- Investment Services
- Acquisition Financing
- Equipment Financing
CommerceHealthcare® accounts payable solutions can help your organization:
- Develop programs that complement existing initiatives and processes
- Generate monthly revenue share with no disruption to current banking relationships
- Strengthen supplier relationships through a better payment and enrollment experience
- Accelerate the invoice approval and payment process
- Reduce costs associated with paper checks, while also minimizing fraud risks
- Gain greater insight into payment trends through analytics and national benchmarks
“We’ve found immense value with the Commerce team’s ongoing supplier enrollment. It continues to augment our revenue share payments, which we use to improve our facilities and add technology that enhances the patient experience.” — Chief Financial Officer, American HealthCare
Discover if your organization is leaving money on the table. Contact us to schedule a free spend file analysis and see what revenue opportunities you may be missing.
Vice President, Senior Account Executive
Office: (984) 235-4135
Mobile: (704) 579-1782
paul.rowson@commercebank.com
www.commercehealthcare.com
CommerceHealthcare® understands healthcare providers need a strategic-minded advisor who delivers financial results, not promises. We develop long-term partnerships with health systems, hospitals and physician practices. Read what they are saying about their partnership with CommerceHealthcare®.
CommerceHealthcare® is committed to helping healthcare providers and patients better manage the financial experience. Below are links to recent eBooks, white papers, and articles regarding accounts payable trends and topics.
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