as a Service for Healthcare

Pairing technology and service in payments, so you can focus on the patient experience

The healthcare industry is always looking to provide top-level care and service to all its patients and vendors. Hospitals and healthcare organizations that use Finexio increase payment security, gain efficiencies through automation, save time and overhead costs, and ultimately provide a better payee experience to their providers.

Hospital doctor checking time
A trusted partner of some of the largest financial institutions, procurement, and accounts payable software.
Emergency ER sign on hospital

What is Payments as a Service for Healthcare?

In the healthcare industry, finance teams can lack access to the necessary payment automation tools, technology and services, which require a lot of coordinated orchestration. Finexio’s Payments as a Service solves for this by offering secure, digital  payment solutions that are easily implemented, so teams can focus on more value-added business activities.

“81% of healthcare companies say they are planning to continue investing in ePayables technology."

- Digital Payments: Expanding the Payments Palette,

Hospital emergency staff on standby

Payment Data Management & Security Gives Your Team Peace of Mind

  • Payment Data Storage & Security – Provider payment account information is securely collected, bank-validated, encrypted and stored. Accounts have role-based access.
  • Data Cleaning & Enrichment – Payment data is always up-to-date, robust, and reliable for making fast, accurate payments, and increasing electronic payment conversion. 
  • Safe & Secure Payments – Finexio ensures that payments are going to the correct providers. Protect against payment fraud with Finexio, and minimize fraud further with one-time use virtual card methods. 
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Benefit from Revenue Generating Payments in Healthcare

  • Revenue-Generating Electronic Payment Methods – Experience high virtual card acceptance and electronic payment adoption without the strenuous effort to convert your providers.
  • Full Coverage of Payment Methods – Finexio leverages multiple payment methods to match your providers to the best payment method and increase revenue for your hospital.
  • Provider Management Team – Finexio's Provider Management team uses a white-glove service approach, combined with data and technology, to drive revenue-generating payment conversion for your hospital or healthcare facility.
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Maintain Control with Fully Managed Payment Delivery & Operations

  • Payment Delivery to 100% of Your Providers – You have control when you submit your payments. Send us a single payment file from your healthcare software, and we streamline the process from there.
  • Comprehensive Payment Options – Immediately benefit from modern electronic payments to providers, including virtual cards, eChecks, FinexioExpress and more. Manage cash flow and turn your business into a profit center from providers switching to virtual card payments.
  • Trusted Payments Operations Team – Remittance emails are sent out automatically. Our team removes the burden of exception handling, disputes, and manual provider communication from your finance team.
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Dynamic Reporting & Analytics Provide Insights to Your Finance Team

  • Centralized Payment Reporting – Finexio’s Portal provides insights into which vendors you are paying, how much, and by what method.
  • Payment Lifecycle Management – Unmatched visibility into vendor payments that you never had access to before.
  • Audit Trail – In healthcare, we recognize that reporting is important to your business, especially in accordance with HIPAA guidelines. Finexio’s Portal provides you with full visibility to track down and understand a payment’s lifecycle from beginning to end.
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Provider Management Provides Extra Care to Your Vendors

  • Provider Payment Communication and Conversion – Your finance team can feel supported, knowing Finexio’s team has ongoing electronic payment conversion and communication to 100% of your providers and spend, regardless of payment method preference.
  • Data-backed Provider Management – We leverage proprietary data and technology to optimize electronic payment conversion for you, so your finance team can focus on more value-driven tasks for your healthcare facility. 
  • Strong Provider Relationships – Finexio’s recognizes that you have established relationships with your providers. Our Provider Management team works to maintain those positive relationships, which creates long-term success for both you and your providers. 
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Why Payments as a Service for Healthcare?

Top ePayment benefits across healthcare organizations include time savings, timely payments, reduced costs, increased security, strengthened supplier relationships, and revenue-generating payments. Finexio’s Payments as a Service model offers value in all of these areas, not only from an automation and technology standpoint but also providing a full-service team of professionals to help modernize your healthcare practice. 

Prevent Fraud

By reducing payment management liability and removing security burdens caused from poor visibility into payment audit trails. Virtual cards are the most secure form of payment that vendors could be accepting 

Save Time

By removing administrative payment tasks, check-runs, and provider management, so your finance team can focus on other value-add activities

Gain Visibility & Control

With insight into provider payments and payment types, reconciliation, and other relevant reporting data.

Reduce Costs

By eliminating manual work, paper checks, and preventing errors so vendors can be paid quickly and efficiently. Leverage revenue-generating payments by switching to providers to virtual card payments

“59% of heathcare companies that have yet to invest in ePayables plan to begin spending on the necessary digital technology to support this method.”

- Digital Payments: Expanding the Payments Palette,

Ready to make Payments a positive experience for your Healthcare facility or Hospital?

Revenue-generating and secure virtual card payments.
Build and maintain healthy provider relationships.
Easy to digest remittance information.

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