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Healthcare's Back Office Catches Up To The Industry's Digitization Push

PYMNTS

B2B payments in the healthcare industry are undoubtedly complex, thanks to the intricacies of coordination between healthcare providers, suppliers and insurance firms. Well before the pandemic hit, however, the healthcare arena began to embrace the opportunities of digitization — at least, on the patient-facing end of operations.

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Moving The Business Payments Focus From Price To Process

PYMNTS

Against that backdrop, companies are re-evaluating and redesigning their entire supply chains, cost management life cycles and other processes across all industries from healthcare to manufacturing. Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation.

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Invoicing, Internationally, On The Fly And With Flywire

PYMNTS

On a good day, managing the ebb and flow of supply chains, accounts receivable and accounts payable can be challenging; on a bad day, juggling all those spinning plates becomes a nightmare. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

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B2B APIs Underscore The Need For Speed

PYMNTS

That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. APIs are also very useful for bank customers in defined verticals like real estate and healthcare, that perform specialized transactions frequently.

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Flywire Lands In The B2B Payments Market

PYMNTS

With its start in the education and healthcare sectors, Flywire’s expansion into B2B payments isn’t far of a stretch for the company, which already supports high-value international payments like tuition or medical care costs. Traditionally, B2B payments across borders is a manual, opaque process.

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Billtrust And Flywire Partner To Deliver End-To-End Cross-Border B2B Payments

PYMNTS

It’s simple to explain, but extremely difficult for firms to do — particularly in the case of manufacturing mega-players like Coca-Cola or international veterinary supply firm IDEXX Laboratories, which are looking at funds coming in through dozens of payments methods, in scores of currencies and through a host of different regulatory regimes.

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Transcript: Gary Cohn

Barry Ritholtz

And so after a week there, I, I said to the guys on desk, Hey, can I open an account and do this? Yeah, you’re, you’re, you’re allowed to open an account. So I opened an account and I sat there and I traded the, the New York Chicago Gold arbitrage for the next sort of close to month. Gary Cohn ] 00:05:28 Be?

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