Broadlane is looking to reduce supply chain costs for its more than 1,000 acute care hospital clients through a partnership with e-Invoicing vendor OB10.
A Dallas-based cost-management company and developer of supply chain solutions for healthcare providers, Broadlane hopes to reduce the amount of paper generated in the supply chain by 60 percent to 75 percent by allowing clients to electronically submit invoice data. The company has a client list of 1,100 acute care hospitals, 5,000 ambulatory care clinics and 40,000 physician offices.
“We are excited about this new partnership,” said Les Popiolek, senior vice president of procurement services at Broadlane, in a press release announcing the partnership. “By partnering with OB10, we are expanding our e-Invoicing supplier base beyond those equipped to only utilize EDI. OB10’s solution enables us to offer e-Invoicing from any supplier regardless of size or technical capability, allowing us to steadily advance the automation of procurement processes. OB10’s solution complements what we offer our clients by further integrating the back-end invoicing process, allowing for a truly automated ‘procure-to-pay’ process.”
The contract is an important step for OB10, a European e-Invoicing company with an American headquarters in Atlanta. The company has deals in place with the U.S. Department of Veterans Affairs and Houston-based Memorial Hermann Healthcare and is looking to push its clearinghouse services further into the healthcare field.
“Broadlane and OB10 clients now have the advantage of accessing industry-leading business processes to ensure their organizations deliver optimal efficiency and cost reductions,” said Jamie Gunn, OB10’s CEO. “By partnering with Broadlane, OB10 is better positioned to offer a variety of hospitals and healthcare providers access to a suite of industry-leading electronic invoicing solutions designed to streamline the procurement process and speed the delivery of goods and services.”
By integrating OB10’s e-Invoicing technology with Broadlane’s BroadLink e-commerce exchange, company officials say healthcare providers will see lower operational costs, an increase in prompt payment discounts and a reduction in exceptions, late payment penalties and paper archiving costs, as well as an increase in off-contract savings opportunities.