Bill-Only medical device purchasing processes are currently estimated to cost at least $10B in unnecessary expenses and lost revenue for US healthcare providers each year – or $175 million in average revenue recapture and cost savings potential per hospital. Bill-only purchasing represents 60% or more of net patient revenue and accounts for 50% or more of a facility’s supply chain expenditures. Days Sales Outstanding are unnecessarily high for suppliers. In addition, Bill-Only purchasing lacks transparency and is frustrating for all parties involved.

Bill-only transactions have been a problem in healthcare transactions where payment is made after the product/device has been used. In these transactions, there is no up-front alignment between buyer and seller – and the process of reconciling the sides has been a major challenge.

Current “bill-only” services don’t fix the problem. They treat the symptoms, and they do so very inefficiently.

Helia Care is powered by the healthcare sector’s only provider-supplier network, established by Helia Care to make transactions seamless. While “Bill-Only solutions” anchor the reconciliation process in the provider data, Helia Care’s network represents a unique, bipartisan alignment of provide and supplier. Large, visionary medical device suppliers have eagerly signed up to Helia Care, so that now, on average, a hospital finds that 80%+ of its purchases are covered under the Helia Care network.

Helia Care, a medical device transaction network, provides healthcare providers, distributors, and suppliers with a SaaS-based frictionless provider-supplier network that replaces the wasteful, time-consuming, and expensive “Bill-Only” transaction. The solution, an upfront, digital handshake that structures, aligns, and enhances supplier and provider data,replaces the cumbersome Bill-Only process resulting in a hard-dollar reduction of hospital’s supply chain expenditures.

Helia Care works with health systems and medical device suppliers across the country to transition to a new transaction paradigm for healthcare procurement.