VHA Picks Bank of America Merrill Lynch to Provide Purchasing Cards
VHA Inc, the US health care network, has signed a three-year agreement with Bank of America Merrill Lynch (BAML) to provide purchasing cards and epayables to VHA member organisations nationwide. Through this agreement, VHA members will benefit from rebates on charge-related activities based on volume.
VHA serves 1,400 not-for-profit hospitals and more than 30,000 non-acute care providers across the US, with a platform for members to network and collaborate on solutions to common challenges. BAML purchasing card and epayables solutions will help VHA members eliminate paper-intensive processes involved in purchases and vendor payments allowing them to manage available funds in real time, reducing risk and increasing control.
“This is an area of interest that we’ve been researching for some time,” said David Gillan, vice president of purchased services and strategic sourcing, VHA. “We are excited to offer the services provided by Bank of America Merrill Lynch and feel that this new programme will be a tremendous help for hospitals that want to reduce risks while managing costs surrounding purchases and payments.”