The Power and Pitfalls of OCR Tools in Healthcare Procure to Pay
In the fast-paced world of healthcare auditing, automation has emerged as an invaluable asset. Keeping up with the advancements in AI technology is crucial, along with understanding its limitations. Optical Character Recognition (OCR) is a key success factor in procure to pay (P2P) automation. OCR tools have revolutionized how documents are processed, enabling greater efficiency […]
How to Increase your Health System’s Spend Visibility (Spend Visibility Part 3)
To truly reap the benefits of spend data, health systems must take action to clean and structure all procure to pay (P2P) data. Follow the steps outlined below to gain true visibility at your hospital. [blockquote author=”” link=”” target=”_blank”] Read Parts One and Two of our spend visibility series now to discover the benefits […]
Is your Health System Achieving Clear Spend Visibility? (Spend Visibility Part 2)
Insight into spend visibility is essential for decision-making within finance and supply chain in health systems. Clear spend visibility provides information for leaders to make supply decisions, evaluate their procure to pay processes and gain insight into usage and product waste. The benefits of spend visibility are endless, but health systems and hospitals struggling to […]
Tips for all Healthcare Workers to Protect against Cyberattacks
Cyberattacks have been a growing threat in healthcare over the past year and there is no end in sight. In fact, one Georgia University Hospital reported defending against 550 cyberattacks on their Epic MyChart system each day – 20% of them coming from emails to staff. However, not all attacks are defended. In 2019, 41.4 […]
Are You Ignoring the Dark Data in Your Procure-to-Pay Process?
90% of the data that your health system produces is dark data that never gets used. Think of the knowledge and insight that could be realized if your Supply Chain and AP departments utilized more than 10% of their data. You could gain insight into efficiencies, root causes of leaked funds, and process gaps. This […]