Concentra’s Accounts Payable Process to be Optimized Through Relationship With BancTec

17 December 2008

BancTec, Inc., a global provider of advanced, high-volume document and payment processing solutions and services, has signed an agreement with Concentra Inc., one of the largest providers of health care services in the U.S., in which BancTec will manage the receipt and data capture of Concentra’s supplier invoices. The agreement covers invoices in both paper and electronic formats, and will provide Concentra colleagues and vendors with online visibility and improved workflow capabilities.

“BancTec’s accounts payable (AP) automation solution will allow our center-based colleagues to continue their focus on providing outstanding patient care by eliminating administrative tasks required to process vendor invoices,” said Su Zan Nelson, Concentra’s SVP, Finance & Administration. “We also expect to gain process improvements throughout our other support and administrative areas of the Company through this relationship with BancTec.”

BancTec’s AP MasterTM software suite, which manages—from purchase to payment—each step in the AP process, will form the technical backbone of the BancTec solution. Utilizing the online capabilities of AP Master, Concentra employees will be able to easily access invoice images for routing and approval. In addition, Concentra suppliers will be able to check the status of invoice payments online, creating more efficient communication and workflow management of inprocess invoices.

“We welcome Concentra as a new BancTec client, and value the opportunity to support their administrative and patient care objectives,” said Paul Diegelman, divisional vice president of finance and accounting BPO, BancTec. “BancTec’s comprehensive document management capabilities, combined with Concentra’s innovative approach to serving patients, make us ideal business partners.”

Through its AP Master suite and RemitCycle 360TM revenue cycle management solution, BancTec has made a major commitment to finance and accounting processing in the healthcare industry. Whether installed in-house or hosted by BancTec, the company’s solutions enable healthcare providers to reduce costs, increase efficiency and enhance revenue collection.

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