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.
Courtnay Santry | Controller, Sensei
“Partnering with Tipalti as our accounts payable solution was one of the best things we could have done.”
Hear from our healthcare customers
Sensei, a healthcare software company, has significantly reduced its accounts payable workload and streamlined vendor invoice management by partnering with Tipalti.
The team at Therabody took out 60 hours a month that was spent on accounts payable work.
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.
How Healthcare Companies Use Tipalti for AP Automation and Vendor Payments
FAQs
Innovation and efficiency
come built-in
Tipalti offers the most comprehensive payables technology to help your
business streamline, simplify, and evolve.
Invoice Management
Ditch the busy work with touchless invoice processing with smart OCR. Advanced approvals with AI streamlines the approval process and minimizes delays.
PO Management
Manage spend all in one place. Streamline purchase requests, PO’s, approvals, and vendors with budget visibility to make informed decisions.
Global Payments
Send payments in 120 currencies in 196 countries through six unique payment methods.
Currency Management
Save time and money on FX conversion payouts with highly competitive exchange rates.
Payment Reconciliation
Speed up financial close by 25%+ by synching and reconciling multi-entity payables data with ERP and Accounting systems.
Self-Billing Module
Simplify self-billing processes with automated invoice creation and submission while ensuring global regulatory compliance.
ERP Integration
Best-in-class integration with your existing ERP and accounting systems and sync invoices, suppliers, payments and purchase orders.
Payments API
Integrate any system through our highly secure API that offers full-featured interfaces.
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.
Artificial Intelligence/Tipalti AI
Take advantage of proactive, smarter processes for the entire payables operation as well as greater efficiency and risk mitigation.
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.
PO Matching
Eliminate overspending and strengthen financial controls with automated 2-way and 3-way matching and enjoy a frictionless approval cycle.
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.
Multi-Entity
Manage unique payables workflows and centralize AP for subsidiaries and entities within a single instance.
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.
Financial Controls
Enterprise-grade financial controls: Fraud, tax, regulatory, audit, spend and cash flow.
Fraud Detection
Tipalti Detect lets you proactively identify payee fraud risk and maintain a full audit trail.
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.
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.