Ahead of the weekend, Viewpost — a secure B2B network for electronic invoicing payments and real-time cash management — announced an expanded relationship with Florida Hospital, one of the largest not-for-profit healthcare providers in the United States.
“With a combination of services from Viewpost and Medius, a leading provider of AP invoice automation solutions in the cloud, Florida Hospital is accelerating and optimizing bill payment to greatly reduce back-office costs while continuing its commitment to expert, compassionate and individualized patient care,” reads a statement emailed to mHealthWatch.
We’re told that Florida Hospital is a long-time customer of Viewpost and a recent adopter of Viewpost Express early payment discounting.
The addition of MediusFlow, a next-generation cloud-based AP invoice automation solution from Medius, is expected to accelerate Florida Hospital’s discount savings by reducing invoice processing time, making it possible to capture even more available early payment discounts.
Working with Medius to further accelerate and optimize payables for an existing customer is a first-of-its-kind partnership for Viewpost and a prime example of how healthcare companies like Florida Hospital are leading the way in payables automation and operational efficiency. The combination of these services, including dynamic discounting and supplier presentment and payment, has improved trading partner relationships and reduced costs for Florida Hospital, positively impacting the organization’s commitment to its million-plus patients each year.
“The medical industry has been leading the migration to electronic patient records, so it’s a natural step for us to do the same with electronic business transactions,” said Esmond Chan, Director of Accounting at Florida Hospital. “With over 10,000 suppliers from across the country, Florida Hospital is using Viewpost to streamline payables, lower operating costs, and collaborate with our suppliers to provide more than $5 million in working capital financing.”