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Best in Class Financial Performance and Electronic Invoicing

by Kevin Benedict

April 8, 2011

I am always intrigued when I discover an interesting new niche business.  Here is an example - McKesson offers technology and services designed to help improve financial performance, reduce regulatory risk and save time managing the revenue cycle.  The article goes on to say McKesson has 4,000 people focused on this business.

Electronic invoicing is part of the revenue cycle, so it caught my attention.  McKesson also focuses on improving financial performance which can also involve e-invoicing.  Why would a company use this kind of service?  Here is how Pat Leonard, senior vice president and general manager of McKesson Revenue Management Solutions describes it, "Physician practices are experiencing unprecedented change, with growing pressures from federal payment reform, quality initiatives and tough economic challenges."

The McKesson folks spend much of their time focused on helping companies improve their billing and invoicing processes so they can collect faster.  This is a big deal to many companies and medical practices as Abdul Naushad, M.D. states here, "With increasing federal mandates and reimbursement cuts, we understood the amount of time, resources and administration required to protect the financial health of our practices."  They are now clients of McKesson's services.

Electronic invoicing can improve financial performance and save time managing the revenue cycle.

Kevin R Benedict Independent e-Invoicing/EDI Consultant, Analyst and Blogger 
Join th e SAP EDI and SAP Information Interchange group on Linkedin: 
*Full Disclosure: I am an independent consultant that has worked with and for many of the companies mentioned.

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