Hospital Vendor Payments: Why Healthcare Takes 97 Days to Pay (And What You Can Do)

Are you a hospital vendor struggling with an average 97-day payment cycle? This extended timeline isn't just an inconvenience; it's a significant drain on your cash flow, impacting your ability to invest, expand, and meet your own financial obligations. Understanding the intricate web of healthcare finance, from complex billing codes and insurance claim denials to internal hospital procurement processes, is crucial for any international creditor, CFO, or accounts receivable professional. This video unpacks the systemic reasons behind these prolonged payment terms, offering actionable strategies to mitigate risk and accelerate your collections. Discover how to navigate the unique challenges of the healthcare sector and reclaim your working capital, ensuring your business remains robust and competitive in a global marketplace. Don't let slow-paying hospitals dictate your financial health; take control of your receivables.