Comprehensive Treasury Solutions
Most healthcare providers are under revenue pressure stemming from reduced reimbursement rates from both private insurers and government payments. At the same time, most also face strained operating margins as a result of spiraling labor and supply costs.
J.P. Morgan's expertise helps hospitals, clinics, practice groups and facilities reduce their costs in the short-term and drive efficiencies for long-term benefits. Our solutions help lower costs through automating manual, paper-based activities, while improving patient service levels by simplifying the collection of funds and related monitoring and reporting. We also help providers improve supply chain management with competitive and comprehensive payable programs that include purchasing cards and Single-Use Accounts.
Receivables - State-of-the-art solutions to reduce resource costs, the costs and risks associated with paper checks, and account receivable system errors—and improve the availability of funds so cash can be invested quickly. J.P. Morgan clients utilize our comprehensive lockbox, merchant processing and remote deposit capabilities to collect from both payers and patients.
Payables- Efficiency-enhancing solutions to safely and reliably manage disbursement and payroll activities, mitigate fraud risk, and streamline account reconciliation processes.
Healthcare LinkSM - Easy-to-use web-based solution helps access key claims reimbursement information, manage the claims reimbursement process, improve fraud control and substantially reduce paper-based administrative costs.
Commercial Cards - Leading suite of card capabilities enables healthcare clients to consolidate their payment services for travel and entertainment, purchasing, stored-value and merchant card processing. Solutions available include Single-Use Accounts, purchasing cards and more.
Liquidity Solutions - J.P. Morgan works hard to help our healthcare clients maximize earnings on cash and short-term investments with commercial products such as NOW accounts, sweep investments and more.
At your request, your Commercial banker can provide you access to a J.P. Morgan Asset Management professional who can provide a full spectrum of U.S., international and global investment solutions for your endowments and foundations.