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Healthcare Paymode-X Payment Network

Leverage a payment network with many of your strategic healthcare vendors already enrolled to quickly convert AP checks to ACH and earn rebates.

Watch Video Paymode-X with Visa Payables Solutions

Anchor: Overview

The Challenge

Healthcare organizations are pressured to cut costs and streamline back-office operations while managing large, complex supply chains. Paper-intensive AP processes create inefficiency, excess cost and risk. Hospitals often recognize the benefits of converting paper AP checks to ACH but are hindered by an inability to meet vendor requests for electronic remittance advices, technical challenges and the vendor onboarding workload.

Our Solution

By joining the Paymode-X payment network, healthcare organizations connect to other members who have streamlined their payment and receivables processes, boosted productivity and reaped cost savings. Payers use Paymode-X to make electronic payments, mitigate fraud risk, reduce paper and labor-intensive processes, and earn cash rebates. Paymode-X's proprietary Intelligent Engagement methodology takes the burden of Vendor ACH enrollment and bank account maintenance off of the AP staff, and drives the ultimate in electronic payment adoption and cash rebates. Vendors enjoy an easy-to-use system that empowers them to manage their online payment profile, provides better visibility to upcoming payments and delivers electronic remittance advices in their preferred format.

Anchor: Resources

Video

Wentworth-Douglass Testimonial

Brochure

Paymode-X® – The Vendor Payment Network of Choice for Leading Healthcare Organizations

Customer Success Story

Greystone Healthcare Management Cures its Complex Paper Payment Processes with Paymode-X

Anchor: Benefits

Benefits

Benefits for Payers:

  • Convert costly, fraud-prone paper checks to secure ACH payments
  • Leverage the Paymode-X network and rely on Paymode-X to enroll and support new vendors, reducing the burden on AP staff
  • Eliminate the risk of validating and storing Vendor bank account details
  • Satisfy Vendor requests for electronic payments and detailed remittance
  • Earn cash rebates on ACH spend

Benefits for Vendors:

  • Receive fast, secure electronic payments instead of paper checks
  • Get detailed remittance in a variety of formats
  • Maintain bank account information within the secure Paymode-X portal, and keep details hidden from Payer view
  • Electronically exchange key business documentation with clients including W-9s and insurance documentation
  • Monitor, track, and report on payments and trading relationships
Benefits and Average Costs
Anchor: Functionality

Functionality

Paymode-X is a cloud-based payment network that delivers prompt, secure electronic payment information to more than 330,000 participating organizations. Healthcare organizations often find that more than 30% of their trading partners are already enrolled, which accelerates their move to automated payments. Paymode-X's proprietary Intelligent Engagement methodology further segments, enrolls and authenticates Vendors to migrate even more payments to electronic. By integrating with existing ERP systems and leveraging existing bank relationships, Paymode-X creates a powerful network between healthcare organizations and their vendors -- today and as business needs grow and change.

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