MineralTree for Healthcare
Maintain an Efficient Healthcare Practice with a HIPAA-Complaint AP Automation
MineralTree works with a variety of healthcare organizations including biotech, hospitals, veterinarians, 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 healthcare 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. Additionally, MineralTree is HIPAA compliant, protecting any patient data that may be pushed or exposed to our AP automation tool.
Remain HIPAA Compliant
MineralTree is the only SOC2 Plus HIPAA audited provider on the market, with extensive security certifications. Healthcare customers can use our platform to process patient refunds, customer refunds, and/or patient rebates. Although these aren’t invoices, they can be processed in an AP automation tool, making compliance a high priority for those looking to automate payments. Additionally, all checks issued via MineralTree are HIPAA compliant.
Streamline Audits and Regulatory Requirements
Never lose track of a payment or its details again. Easy access to invoice status, reports, and audit trails in one central location puts you in control of your healthcare 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. You can also ensure your team remains HIPAA compliant when conducting an audit.
Eliminate Trivial, Manual Tasks
By automating your entire healthcare 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 a healthcare AP automation solution, you can eliminate piles of envelopes, paper invoices, mailing physical checks, and more.
Gain Greater Business Insight
Healthcare 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.
Improve Vendor Relationships
Ensure supplier satisfaction by managing, processing, and paying supplier invoices faster and with more accuracy. With healthcare AP automation solution, you can foster the efficiencies and strong partnerships needed to support a more reliable supply chain.
Get the latest AP trends from today's healthcare teams
Supply chain turbulence and staffing shortages have hit healthcare AP hard. Download this eBook to learn the most pressing industry data, trends, and insights collected from healthcare respondents of our 2022 State of AP survey. This eBook also shares effective approaches that healthcare AP teams can take to overcome common industry obstacles and ultimately achieve greater efficiencies, lower costs, and smoother operations.
Download Now
Our Healthcare Clients Love MineralTree
See how New Health Programs Association transformed their AP with MineralTree.
More From our Amazing Clients
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.
Frequently Asked Questions About Healthcare AP Automation
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 AP automation solution 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: including Oracle (NetSuite, EBS, ERP Cloud, JDE, PeopleSoft); SAP; QuickBooks (Desktop, Online); Microsoft Dynamics (Business Central, Great Plains, Finance & Operations); and Sage (Intacct, 50, 100).
MineralTree can also be used with Sage Intacct’s healthcare accounting software with Advanced Audit Trail because both are HIPAA compliant.
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.
