Boost Payment Solutions, a provider of B2B payment technologies, has joined hands with Global Healthcare Exchange (GHX), a data automation company, to optimises healthcare organisations’ payments to suppliers through transaction automation.
The collaboration will help enhance the way in which GHX’s customers pay suppliers who accept commercial cards and have complex settlement requirements.
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Optimising payment processing will drive greater efficiency for vendors and expanded utilisation for healthcare institutions with commercial card programmes.
Covid “has drastically disrupted the way organisations operate”
Dean M. Leavitt, Founder and CEO of Boost Payment Solutions, said:
“We’re excited to collaborate with GHX and to offer their portfolio of healthcare providers Boost’s suite of technology-enabled products and proven supplier enablement strategies designed to maximise commercial card use and acceptance.
“We look forward to working with GHX and its customers to create greater operational efficiencies and drive down the cost of healthcare.”
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By GlobalDataThe Covid-19 pandemic has drastically disrupted the way in which organisations operate, including the way they conduct financial transactions.
Healthcare organisations have been particularly impacted. It has been estimated by the American Hospital Association (AHA) that US hospitals will lose a total of at least $323.1bn by the end of 2020.
“This collaboration is especially timely”
Rob Alcock, General Manager, ePay at GHX, said:
“This collaboration is especially timely as many healthcare organisations are struggling with financial solvency. It’s more important than ever that we aid our customers in better managing working capital and stabilising cash-on-hand.
“In order to do this, there needs to be greater payment automation. Boost’s commercial card solutions will help our customers reduce friction in paying suppliers, further driving out cost and inefficiency from payment processes.”
Boost’s proprietary STP platform, Boost Intercept, converts manual payment and reconciliation processes into a completely passive experience for both buyers and suppliers, thereby increasing commercial card use and acceptance across enterprises of all sizes.
