Atlanta, Georgia – CPS Payment Services (www.CPSPaymentServices.com), a market leader in Healthcare Accounts Payable Virtual Card and AP Disbursement Services, announced a strategic partnership today with SRHO to further its reach within Healthcare.
SRHO – The National Association (“SRHO”) (www.SRHO.org) is a consortium of regional Strategic Regional Healthcare Organizations established in 2017 with the goal of creating a national consortium to produce value among individual SRHOs that were previously not connected by providing one source of information and support to address their unique challenges.
CPS Payment Services is a financial technology company with solutions focused on Accounts Payable disbursement optimization. The CPS TotalPay platform can automate the facilitation of all of the supplier payments for a Hospital or Health System, while helping generate significant monthly cash rebates based on payments to Accounts Payable suppliers. CPS has a proprietary network of healthcare suppliers that enables their healthcare clients to generate typically 50% more rebate than a bank program could achieve.
“CPS Payment Services is excited to join SRHO in its mission to cost takeout and revenue generating solutions to healthcare providers members,” said Wade Eckman of CPS Payment Services.
Mark Tribbett, Chief Executive Officer at SRHO, said, “Our new partnership with CPS creates a tremendous opportunity for our health system members to improve the efficiency of their A/P process and have a positive financial impact on their operations. We’re thrilled to welcome CPS to our consortium and are excited to see the impact that it will make for our Members and their affiliate Hospitals.”
About CPS Payment Services: (www.cpspaymentservices.com)
CPS Payment Services, founded in 2011 and headquartered in Atlanta, GA, is a B2B payments and accounts payable (“AP”) automation technology provider that facilitates the issuance, execution, and reconciliation of virtual card, enhanced ACH, ACH, and check payments. CPS’s offering is highlighted by its proprietary AP automation software, the CPS TotalPay Payment Portal, which provides purpose-built, highly configurable workflow management and automation across the entire B2B payments lifecycle from ERP integration to payment execution and reconciliation. CPS has developed a proprietary database of virtual card and enhanced ACH accepting suppliers and serves an expanding base of Healthcare clients.
About SRHO – The National Association:
SRHO (www.SRHO.org), representing over 400 Hospitals and Health Care Systems, was created to assist regional SRHOs in advancement of their common interests, to develop regional or national markets to create the scale required to achieve next level strategic cost reductions, and to design the fundamental building blocks to manage risk and improve quality of care all while sustaining their organizational autonomy.