Helia Exchange is a digital platform that connects healthcare providers, suppliers, and distributors to streamline the bill-only procure-to-pay workflow, enabling real-time, error-free transactions. By automating case-to-invoice processes, Helia reduces billing cycles from over 55 days to as little as 3 days, enhancing operational efficiency and accuracy across the healthcare supply chain.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The bill-only process in healthcare is often fragmented, error-prone, and time-consuming due to manual processes and paper-based documentation. This leads to delayed transactions, inaccurate billing, and increased operational costs for healthcare providers, suppliers, and distributors.
Solution
Helia Exchange is a fully integrated digital platform that connects healthcare providers, suppliers, and distributors to streamline the bill-only procure-to-pay workflow. The platform facilitates efficient, error-free case-to-invoice transactions by capturing case data directly from mobile and smart devices and processing it immediately. By syncing each transaction with all relevant healthcare partners, Helia Exchange enables transparent processing throughout the entire workflow, reducing billing cycles from over 55 days to as little as 3 days. The platform's AI-powered insights and real-time data provide accurate analytics for better business outcomes.
Target Audience
Helia Exchange targets healthcare providers (such as surgical facilities and hospitals), suppliers, and distributors involved in the bill-only procure-to-pay workflow.
Features
- Web and app-enabled platform accessible from anywhere
- Real-time data processing and digital transactions
- AI-powered insights for accurate analytics
- Fully integrated network for healthcare providers, suppliers, and distributors
- Contract data match and lock to reduce off-contract spend and fees
- Digital contracting and auditing features to eliminate errors
- Secure and compliant cloud-based SaaS platform (HIPAA and SOC2)
- Actionable analytics to streamline inventory management, case scheduling, and billing decisions