PYMNTS
DECEMBER 10, 2020
Procurement within the healthcare industry is perhaps more complex than most sectors thanks to an array of factors, but when the pandemic hit, many of the typical challenges exploded into insurmountable hurdles. Even outside the circumstances of a global pandemic, healthcare procurement processes can be convoluted.
PYMNTS
APRIL 16, 2020
The COVID-19 pandemic is putting accounts payable (AP) department practices to the test. Businesses are doing their part by having employees work from home, but some companies are struggling to keep operations secure as opportunistic fraudsters aim to take advantage of the pandemic’s disruption. About The Tracker .
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PYMNTS
JULY 3, 2019
Cash flow is a fickle beast for any organization, but in the healthcare sector, bottlenecks and friction points are aplenty thanks to issues like late patient payments, insurance payouts and negotiations, and refunds. Unfortunately, accounts payable automation in the healthcare sector is far from ubiquitous.
PYMNTS
OCTOBER 5, 2020
“We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner.
PYMNTS
DECEMBER 23, 2020
Healthcare providers face uniquely complex payment flows. Healthcare providers can then either dispute insurance firms’ decisions and seek additional funds or ask patients to pay remaining amounts. A Digital Cur e For Healthcare’s AR, AP Ailments. Around The B2B Payments Landscape. Get the full scoop in the Tracker.
PYMNTS
AUGUST 10, 2020
Investigators examining alleged wrongdoing at once high-flying UAE healthcare provider NMC Health are exploring whether the company falsified drug orders to inflate the books of a related company through which NMC raised debt, the Financial Times reported on Monday (Aug. According to Reuters , NMC operates more than 200 facilities in the UAE.
PYMNTS
AUGUST 17, 2020
9 in 10 of ASX 100 companies were found to have lapsed security strategies that allow for email spoofing and invoice scams , a new report from Agari said. 300,000 was stolen by an accountant in Australia , according to ABC.net.au The two cases reflect the breadth of fraudulent activity that can hit any kind of business.
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