CPS PAYMENT SERVICES HELPS ALLEGHENY HEALTH NETWORK INCREASE VENDOR PARTICIPATION AND IMPROVE PROGRAM ROI
Allegheny Health Network (AHN) is a non-profit, eight-hospital academic medical system serving western Pennsylvania, and the adjacent regions of Ohio, West Virginia, New York, and Maryland. Together, the hospitals comprise more than 2,200 beds. In addition to its hospitals, AHN includes over 250 clinical locations to serve the surrounding community.
Corporate Controller, Matt Peterson, was always looking for ways to reduce operating costs and drive margin to net income. AHN’s existing ePayment vendor was not providing the support necessary to gain maximum benefit from the program.
CPS presented AHN with an easy to implement and comprehensive solution that included a robust vendor verification strategy to replace their existing ePayment program.
The CPS Payment Portal was deployed to the health system’s AP team in less than two . The proprietary technology integrated
seamlessly with AHN’s ERP system, enabling the health system to automate the payment process to many of their vendors.
“Changing to CPS only required about 10 hours from our AP and IT teams to fully implement the software,” said Peterson. “After the switch, we went from paying 56 vendors to over 900 vendors with CPS.”
The CPS team used the health system’s accounts payable reports to get them set up with vendors. AHN ran its first ePayment run of over $2M within 10 days of going live.
“ We are currently processing about $9M in vendor ePayments eachmonth,” noted Peterson. “The program generates nearly $1.1M
annually in total net income improvements from the cash rebates and reduced check printing costs. Switching just made sense.”