Commerce Bank

Transform Accounts Payable Operations

Gain Process Efficiencies, & Generate Revenue

Commerce Bank’s innovative push-payment solution automatically pushes approved invoice payments directly into a vendor’s account. The system replaces paper checks with electronic payment through the Visa network. Hospitals earn monthly revenue share, reduce check writing costs and reconcile accounts easily. The more vendors a hospital enrolls in the automated payment process, the more payments the hospital can make electronically and the more cash-back revenue the hospital earns. Because vendor enrollment is key, Commerce Bank offers a dedicated team to help hospitals enroll suppliers.

In 2017, Commerce Bank processed more than $132 million in electronic payments combined for all participating NCHA member hospitals, representing approximately $2 million in new bottom-line profit for participants. In addition, electronic payments saved members more than $1 million in check writing costs.

The speed at which Commerce Bank had our program up and running was impressive. Many companies advertise turnkey operations, but Commerce Bank’s Control Pay AP Payments truly is. From our initial meeting, to completion of vendor enrollment and full use of the program, the transition was seamless and quick, with minimal e ort on our part. The attentive and client-focused approach to service coupled with the revenue share we earn, allows us to focus on patient care.

Jeff Nolte, Director of Revenue Cycle
Cape Fear Valley Health System | Fayetteville, North Carolina

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North Carolina Healthcare Association

2400 Weston Parkway
Cary, NC 27513
Directions

Main: 919-677-2400
Fax: 919-677-4200

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