Healthcare finance operates under tighter constraints than most back-office functions: a Director of Finance managing AP across 40 locations within multi-entity GL structures, with…
Healthcare finance operates under tighter constraints than most back-office functions: a Director of Finance managing AP across 40 locations within multi-entity GL structures, with regulatory reporting requirements that don’t bend for a busy month. And the stakes are different too. A vendor invoice that goes unpaid isn’t just a billing problem; it can mean a medical supply delivery gets held, or a waste management vendor stops showing up. With 76% of accounts flagging at least one invoice for risk this year, the cost of catching it late adds up fast.
In this session, Ottimate CMO Mike Waldron walks through the findings of the first-ever Healthcare AP Automation Benchmark Report, built from millions of real invoices processed monthly across our healthcare customer base, not survey estimates. Attendees will learn how automation catches duplicate invoices and fraud before they hit the books, what payment error exposure looks like across healthcare operations today, and how leading organizations are cutting invoice lifecycle time while reducing the manual GL re-keying that eats into AP labor.
What you’ll learn:
– Why healthcare customers are on pace to save $1.8 million in duplicate invoices caught before payment – How automated final validation catches payment errors before funds leave the account, instead of chasing a credit memo after the fact – How to cut invoice lifecycle time from 11 days down to under 5 – How automated GL coding, accurate on the first pass over 94% of the time, saves up to $90,000 a year in labor costs per account
