News Summary

Mohawk Medbuy Corporation (MMC), a national not-for-profit shared services organization, has successfully transitioned six hospitals in Central Ontario to its advanced Accounts Payable (AP) platform. The platform is powered by Basware, a leader in accounts payable automation and invoice processing solutions. The hospitals benefiting from this transition include Oak Valley Health, Peterborough Regional Health Centre, Ross Memorial Hospital, Royal Victoria Regional Health Centre, Southlake Health, and Mackenzie Health. These institutions are now enjoying streamlined invoice capture, processing, and payments, which have enhanced their operational and cost efficiencies. MMC’s AP Services now handle over 900,000 invoices annually, representing more than $5 billion in spend, and are expected to generate over $3.5 million in savings through various efficiencies and discounts. This move not only advances invoice automation but also enhances the visibility and accessibility of financial information, significantly improving financial controls and supply chain management across the healthcare sector.