Five Top Tips for Managing Healthcare Spend

manage healthcare spend

Tracking healthcare travel and entertainment expenditures are critical, but not always easy in the healthcare culture. Commonly, departments waste significant time and resources tracking T&E through paper-heavy, manual processes, often leading to a lack of visibility into the data needed to make strategic decisions.

Automation helps significantly decrease reimbursement times, for both your HCP and staff, by eliminating the need to manually re-key items, reducing additional human intervention in the process. Some hospitals have seen reductions of 50 percent or more to their reimbursement times. This is a win-win across the board – travellers are happier, administrators are happier, finance is happier, and employees can go back to focusing on patient-driven initiatives.

Download this tip sheet for an overview of how automation can streamline this process, create efficiencies, virtually eliminate paper, reduce mistakes, and provide access to spend management data.