Inworks and U.S. Bank partner to improve payments processes in healthcare
Financial technology will improve payment automation and provide greater access to working capital.
Inworks, a full-service AP automation company, and U.S. Bank are working together to help hospitals and healthcare systems improve processing payments to suppliers, physicians, insurance companies and patients. This collaboration will deliver financial technology that simplifies business-to-business healthcare payments, creating new efficiencies and improving access to working capital for hospitals and healthcare companies.
The alliance brings together Inworks’ Intelligent Pay platform with U.S. Bank Virtual Pay Visa card payments to offer healthcare organizations a premier technology platform specifically designed for healthcare payments, and banking expertise from one of the nation’s leading and most trusted financial services institutions.
“We’re pleased to be working with U.S. Bank, which has extensive relationships with healthcare companies that may benefit from the services Inworks provides,” said Don Carlson, CEO of Inworks. “Likewise, our relationship with U.S. Bank and Visa gives current Inworks customers a trusted choice in paying suppliers.”
Inworks Intelligent Pay platform streamlines the payment process by allowing healthcare organizations and their suppliers to electronically submit, track and manage payments through a complete range of payment options and capabilities that now includes U.S. Bank Virtual Pay.
“U.S. Bank has a long history of serving the banking and finance needs of healthcare organizations. We understand the complexity that our customers in healthcare must manage. Our goal is to make it easier for more hospitals and healthcare systems to gain the efficiency and financial benefits of electronic payments,” said Nicole Tackett, senior vice president for U.S. Bank Corporate Payment Systems.
About Inworks
Inworks Intelligent Pay is a full-service electronic payables and invoice automation company. It is headed by healthcare, banking, business, and accounting professionals, and is founded on more than 30 years of electronic transactions expertise. The company's Web-based payment solutions provide a highly secure and reliable vehicle for electronic transactions and allow hospitals and healthcare systems to maximize their working capital while building stronger relationships with their suppliers, physicians, and patients.
About U.S. Bank
U.S. Bancorp, with 74,000 employees and $476 billion in assets as of March 31, 2019, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2019 World’s Most Ethical Company. Visit U.S. Bank at usbank.com or follow on social media to stay up to date with company news.