Trusted Partner Real Results
Hundreds of healthcare and life sciences companies trust Billtrust to take the complexity out of AR. Our AI-powered software improves accuracy across the AR lifecycle while delivering real-time insights to accelerate payments and financial decisions. You can set your own policies, manage payment types, and leverage automation for more productivity.
Deep domain expertise
Healthcare and life science companies
Medical device and supply companies
Bio-technology companies
Pharmaceutical companies
Transform AR with AI intelligence
Billtrust is transforming AR for healthcare and life sciences companies all over the world. Our AI-powered platform spans the order-to-cash process including invoicing, payments, collections, credit, and cash application. Drive faster payments, improve cash flow, mitigate risk, and reduce operational costs.
The Impact of AR Transformation
Accelerate cash flow
with AI-driven analytics and streamlined digital payments.
Reduce
risk
with better insights, built-in compliance, and automated processes.
Delight your customers
through a personalized payment experience.
Improve productivity
and save time and resources without expanding your team.
Trusted by hundreds of medical companies
Billtrust Unified AR Platform
Invoicing
Speed up invoicing to free up your workforce
Streamline invoice generation and follow-up using our AI-powered invoice software that speeds up payments and reduces manual work, so your team can spend less time chasing payments and more time on what matters.
Payments
Smarter payments for stronger cash flow
Streamline reconciliation and manage multiple payment modalities with our AI-powered solution. Billtrust gives you the flexibility to tailor payment policies to fit your business, allowing you to optimize your customer’s experience while maximizing cash flow.
Cash application
Accurate, automatic cash application
Instantly match payments to invoices with our AI-powered cash application software. Reduce manual work, speed up reconciliation, and gain real-time visibility into cash flow.
Collections
The easiest way to get paid
Remove friction in the payment process with our intelligent collections software that can follow up on invoices, send reminders, and simplify payments. Get paid faster, with less manual effort.
Credit
Better insight for better decisions
Make more informed credit decisions with the predictive power and expansive data analysis of Billtrust’s industry-leading, AI-powered credit management software.
ECOMMERCE
Boost sales—and customer satisfaction
Give your customers a better online purchase experience with our scalable, AI-powered sales platform featuring integrations, predictive product search, and full lifecyle visibility.
AI & ANALYTICS
Drive AR Success with AI
AI-powered tools and analytics empower your AR teams to predict client behavior, auto-generate invoices and collections notices, improve match rates—and get paid faster.
INTEGRATIONS
Countless options for a seamless integration
Integrate your payment portal, eCommerce platform, and ERP of choice with 40 direct connectors offered—or work with us to establish a custom integration.
CUSTOMER STORY
Cutting payment processing in half
Processing that used to take a full day now takes this medical equipment provider just minutes.
hours in annual
productivity gains
more credit card payments
payments processed
in 3 months
CUSTOMER STORY
Growing from 6,000 to 9,600 payments annually
Research lab scales business and finds savings with credit card processing automation.
of manual
work eliminated
payments automated
monthly
saved annually
CUSTOMER STORY
Saving $110,000 in payment costs annually
When AR processes inhibited growth, this medical distributor automated 3,000 electronic card transactions and recognized immediate results.
lower payment costs
more transactions
productivity gains
Experience you can trust
6K
digital finance transformations
$1T
in transactions processed annually
24+ years
40 connectors
260+
AP Portal Integrations
Worldwide Accounts Receivable Automation Software
Integrated Invoice-to-Cash Applications
Worldwide Embedded Payments Applications
Top AR Software Provider, G2 Reviews
Dig Deeper into AR Software
Ready to see Billtrust in action?
Thank you for contacting us
A Billtrust rep will be in contact shortly.
Frequently asked questions
What is accounts receivable process automation?
Accounts receivable process automation uses technology to streamline and digitize manual AR tasks from invoice delivery to payment collection and reconciliation. It improves efficiency, accuracy, and cash flow while reducing costs by replacing repetitive manual processes with intelligent workflows.
What is the main goal of revenue cycle management?
RCM aims to optimize billing processes and collect payment for services or products in a timely manner, ensuring full reimbursement while minimizing revenue leakage.
What is a good days in AR benchmark for medical practices?
High-performing healthcare organizations typically maintain days in AR between 30 and 40 days; above 50 days indicates room for improvement.
Can you automate accounts receivable?
Yes. Researchers, pharmaceuticals, medical suppliers, and life sciences companies can leverage AR automation to handle billing, payment tracking, and collections workflows. Billtrust’s AI-driven automation supports complex billing scenarios, intelligent exception handling, and payment reconciliation with comprehensive reporting capabilities designed to improve cash flow and reduce administrative burden for healthcare organizations.
What is the AR process in healthcare?
For medical suppliers and life science companies, the AR process includes invoice issuance, remittance reconciliation, credit management, and collections activities. While Billtrust is not a healthcare-specific claims processing system, its automation platform supports streamlined invoice delivery, multi-channel payment acceptance, and efficient Cash Application workflows that integrate with existing healthcare billing systems.
How do you manage AR in medical billing?
Medical billing AR teams process remittance advice documents, match payments to outstanding invoices, reconcile adjustments and follow up on unpaid or aged balances. Billtrust’s solution automates Cash Application and Collections processes, helping reduce manual reconciliation work, improve processing times, and provide better visibility into payment patterns and collection opportunities.
What is an example of accounts receivable in healthcare?
A typical AR example involves a medical supplier delivering goods and services, with the healthcare provider responsible for the remaining balance. The medical supplier initially records the full receivable amount, processes remittance when received, reconciles any partial payment with the original invoice, and pursues the outstanding balance through automated collections workflows—all steps that Billtrust can streamline through automation and detailed reporting.