American Express Healthcare Solutions

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Healthcare Case Studies

Featured
  • El Camino Health Care

    El Camino Hospital

    Learn how El Camino Hospital was able to grow their program while improving operating and capital efficiency with American Express' Buyer Initiated Payments (BIP)

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    ADDITIONAL CASE STUDIES

    Learn how a major integrated Health System in the Northeast employed best practices for payment efficiency and cash management using American Express BIP

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Features & Benefits

Hospital Solutions

Buyer Initiated Payments (BIP) from American Express

BIP is an electronic payment method that allows you to leverage your American Express billing cycle to extend payment terms with your suppliers. The utilization of the BIP payment cycle can also enable your organization to manage Days Cash On Hand (DCOH) and manage your cash flow with extended float up to 14 days.  As a push payment vehicle, BIP can help allow you to gain great efficiency and cost savings by reducing paper checks and transitioning to electronic payments.

Optimize Working Capital

The utilization of the BIP payment cycle can help your organization manage Days Cash On Hand (DCOH), while also maintaining Days Sales Outstanding (DSO) for your suppliers and extending Days Payables Outstanding (DPO) can help improve cash management.

Reap the Rewards of Automation

As a push payment vehicle, BIP can help allow you to gain greater efficiency and cost savings by reducing paper checks and transitioning to electronic payments.

Simplify Supplier Enrollment

Our team of specialists can manage the entire enrollment process to help minimize any personnel impact to your department and easily migrate suppliers you currently pay by check to BIP with PAYVE®.

Minimal Disruption & Easy Integration

We design our solutions to complement your existing technology investments. Our solutions can be implemented quickly and easily integrated into your existing workflow while improving transaction efficiency. Our Supplier Payments programs can provide dedicated resources for components of your program, from implementation to overall program management.