BNY Mellon’s Treasury Services Healthcare team promotes environmentally healthy solutions
As a whole, the healthcare industry generates nearly 2 billion pounds of paper waste each year1. Armed with that information, BNY Mellon Treasury Services helps clients make the transition to automated solutions that reduce reliance on paper and boost environmental sustainability efforts.
These payment and remittance automation solutions help clients:
For example, one BNY Mellon client converted half of their incoming paper checks and remittance documents to electronic files and reduced banking fees by 18% within 10 months of implementation. Two additional healthcare clients are currently working to adopt electronic disbursement processes that are projected to save $55,000 annually. In addition to the direct cost savings, these clients also reduce their printing and mailing costs.
“By sharing our technology solutions with clients, we can both help our clients improve their receivables and payable processes and also minimize their impact on the environment,” said Ellen Hecker, Managing Director for BNY Mellon’s Treasury Services Healthcare Sales team.
BNY Mellon is also doing its part to reduce its impact on the environment by remaining carbon neutral and continuing to make energy efficiency a priority in company locations around the globe.
1 Healthcare Environmental Resource Center