Accounts Payable for Healthcare
If an ever-increasing variety of paper invoices, expenses, payments, purchase orders and receipts are slowing down your healthcare organization’s accounts payable (AP) department and taking a chunk out of your bottom line, it’s time to take a look at KeyMark’s AP document management automation solutions. Through our experience working with many hospitals, healthcare systems and physician groups, we’ve engineered our award-winning accounts payable document management solution, KeyTrack, to successfully automate our client’s accounts payable processes, substantially improve payment times and shorten accounts payable cycles.
KeyTrack provides end-to-end automation, from the mailroom through document archival, and lets you track and access your documents anywhere within that process with the click of a mouse. Our accounts payable clients have increased productivity by as much as 298 percent and cut their cost-per invoice by as much as 64 percent through capturing, classifying, routing, tracking and archiving documents.
KeyTrack automates healthcare AP processes regardless of how you receive and process vendor invoices – whether mailed to a central site or multiple remote locations; faxed, transmitted electronically or even e-mailed. KeyTrack integrates with virtually any application, including systems such as Lawson and PeopleSoft, so that users can stay within their familiar interfaces and access scanned documents. The healthcare solutions we have implemented have ranged from simple scan/store/retrieve of invoices and related documents to fully automated front-end scanning, automated data entry (OCR), workflow processing and integration with ERP systems for both image enabling and posting of transactions. In addition, using KeyTrack to retrieve and securely deliver documents provides security, authenticity and compliance in support of initiatives such as SOX.
As with all of our solutions, our processes are configured to meet your business requirements. However, we employ best practices gleaned from numerous successful AP installations to enable a more rapid implementation. And while AP has been a mainstay in healthcare, KeyTrack is an enterprise capable solution, enabling many of our accounts payable healthcare clients to expand the solutions throughout their organizations, in departments such as health information management, electronic health records and revenue cycle management, integrating with their EMR and patient Accounting software applications to enable seamless retrieval of information for clinicians and business office personnel from their core applications.
