Through the Broadlane-OB10 partnership, healthcare providers will be able to eliminate between 60-75 percent of the paper invoices they receive from suppliers and replace them with electronic invoice data that is automatically submitted directly into a provider’s accounting system. Among the benefits providers may see from automating their invoices are lower operational costs, reduced exceptions, prompt pay discounts, elimination of late payment penalties and decreasing paper archiving costs, according to the release. Capturing a larger portion of a hospital’s invoice data also allows greater visibility into off-contract savings opportunities.
The OB10 e-Invoicing solution is a secure network in which access does not require a change to an organization’s accounting system. In addition, for Broadlane clients using BroadLink, Broadlane’s e-commerce exchange, no additional connectivity or IT infrastructure is needed as all transactions will flow through the existing BroadLink connection, according to the release.
Learn more about Broadlane.
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