Increase Efficiency
MineralTree for Healthcare
Maintain an efficient healthcare practice with automation
MineralTree works with a variety of healthcare organizations including biotech, hospitals, veterinaries, assisted living facilities, medical offices, and more! These organizations are under scrutiny as the industry faces increasing pressure to both manage costs and deliver high-level patient care, all while dealing with mountains of manual paper processes originating from accounts payable. With AP automation from MineralTree, healthcare organizations can reduce costs, boost efficiency, and use their time on more valuable concerns – like a better patient experience.
Eliminate Trivial, Manual Tasks
By automating your entire AP process or even just your payments, you can forget tedious grunt work and focus on high-value tasks that yield more substantial benefits for the organization.
Go Paperless
Bring your AP/payments process into the digital age and stop creating paper waste. With automation, you can eliminate piles of envelopes, paper invoices, mailing physical checks, and more.
Greater Business Insight
AP automation gives organizations greater visibility into the payment process, letting them track payments and spot trends. This single-pane-of-glass view helps healthcare AP teams and CFOs more accurately control, analyze, and predict financial business outcomes.
Better Supplier Relationships
Ensure supplier satisfaction by managing, processing, and paying supplier invoices faster and with more accuracy. With AP automation, you can foster the efficiencies and strong partnerships needed to support a more reliable supply chain.
Streamline Audits and Regulatory Requirements
Never lose track of a payment or it’s details again. Easy access to invoice status, reports, and audit trails in one central location puts you in control of your AP processes. With MineralTree, every aspect of an invoice’s journey is documented and stored so you can be ready for any audit or miscommunication that comes your way.
Download our free eBook
In our newest eBook you’ll discover the automated payment cure: how you can significantly reduce payment costs – and even make money; protect your healthcare organization from threats; keep suppliers happy; and empower your team to work faster and smarter. Along the way, you’ll also see how you can extend these practices beyond payments to gain benefits in end to-end AP automation as well, covering the entire invoice-to-pay process.
Our Healthcare Clients Love MineralTree
See how New Health Programs Association transformed their AP with MineralTree.
We’ve grown from 4 centers to 30+ and from 3,000 invoices a year to over 10,000—all in just two short years and without growing our team. There is no chance that we could do all of this without MineralTree.
Implementing MineralTree was easy, we had the solution up and running inside of a month and we were running at a functional level within 45 days. And nearly immediately the chaos was removed from the equation.
The MineralTree solution has become an integral part of cCare’s AP process and has made every step faster and easier, so we can all do our jobs better and find new ways to contribute to the company’s success.
[MineralTree] integrated with our accounting system and it could take an invoice all the way to payment. It automatically made us accrual day one when we turned it on with an integration into GP.
You might be wondering
Will my healthcare suppliers accept virtual card payments?
SilverPay is MineralTree’s virtual card payment method that provides cash back on payments to enrolled suppliers. MineralTree’s SilverPay network consists of more than half a million suppliers who accept these virtual card payments.
We contact each of your suppliers on your behalf to determine whether they are willing to accept virtual cards for invoice payments, and we enable SilverPay as the default payment method for all accepting suppliers.
Will MineralTree integrate with my ERP system?
Companies are integrating AP automation software with their existing ERPs to make their AP workflows smarter, faster, and better. Synchronization ensures that every data point, every transaction, every approval, and every payment syncs with your ERP.
MineralTree can integrate with hundreds of the leading ERPs and Accounting Systems. Here are just a few of the many we support: Oracle NetSuite, Intuit QuickBooks, Xero, Microsoft Great Plains, Sage Intacct, and more.
My healthcare organization has multiple locations or entities - can MineralTree support us?
Yes! Managing a healthcare organization with multiple locations can be difficult, especially if each location has different processes in place. In order for multi-entity businesses to run as easily and efficiently as possible, automating processes – including accounts payable (AP) – is a necessity.
MineralTree’s AP automation solution can help your healthcare organization create a central location to submit invoices, automate payments, and track expenses for each location, all without manual intervention.
