Author name: OuterBox Admin

Healthcare professionals from back-office procurement officials to c-suite finance executives are witnessing fiscal stresses on their organizations today at all levels of scale and scope of operation. These challenges are impacting bottom-line profitability and ripple through facilities, medical offices, and clinics.  Supply chain disruptions and inconsistencies can quickly make inventory management a major headache that

Procurement and finance leaders across the healthcare continuum of care today recognize the benefits of procure-to-pay automated solutions. Measurable cost savings and smarter use of staff time are the primary and most talked-about gains organizations see when they are freeing themselves from inefficient, inaccurate, and cumbersome paper-based workflows and processes. This is especially true with

Many of the disruptions arising from COVID-19 have eased for the healthcare industry, but it’s increasingly evident that a new series of challenges are presenting a new reality, particularly in the areas of supply chain, procurement, and inventory management.  Healthcare procurement professionals as well as financial leadership are facing the repercussions of continued supply chain

Today’s leaders in healthcare finance are facing generational challenges from inflationary pressures. The rising cost of supplies, goods, and services are impacting the bottom line and making budgeting and fiscal planning both more difficult and more crucial than even a decade ago. It’s no exaggeration to say that inflation threatens the financial well-being of healthcare

Finance executives in healthcare today are facing a unique combination of pressures and headwinds. Large-scale inflation has placed severe pressure on everything from the procurement of supplies and services to facility maintenance. Fast-moving changing trends in the workforce have led to staffing turnover, instability, and labor shortages, further impacting the bottom line.   Finally, the

A fully implemented procure-to-pay healthcare solution can dramatically revolutionize workflows and functionality from ordering and purchasing to inventory management to invoicing and accounts payable. Replacing manual, error-prone processes with automation—particularly a custom solution that considers the needs of a specific organization—provides cost savings that can be maximized and measured by:  Identifying and defining targets for

The benefits of switching from manual, paper-based processes for healthcare procurement, inventory management, and accounts payable are extensive. They include:   Providing time and cost savings across the healthcare procure-to-pay process, including spend-to-budget accountability.  Simplifying processes and reducing duplication and other human errors.  Promoting transparency and accountability through real-time processes and in-depth, specific reporting that facilitates

Healthcare leaders across the continuum of care seek automated solutions from purchasing to payment that lead to time and cost savings, streamline workflows, and optimize visibility and accountability between financial executives and procurement officials. For many, this journey begins with the realization that inefficient and cumbersome procurement processes are putting strains on staff and impacting

Financial leaders as well as procurement professionals in the healthcare sphere know that procurement of goods and services is one of their organization’s leading expenses after workforce. And expenses are rising. The American Hospital Association points to inflationary pressures on the industry that resulted in a 20.6% rise in supply costs in the years following