BloodBill Invoices $750M Annually
BloodHub, the nation’s dominant supply chain automation solution, recently surpassed $750M in annualized blood supplier revenue on BloodBill, the revenue automation platform for the blood industry. Blood suppliers count on BloodBill to provide intuitive, interactive invoices that make hospital reconciliation easier and faster while eliminating revenue leaks with seamless integration between fulfillment and billing systems.
“As industry margins tighten, capturing every billable penny matters. That becomes a real challenge when the underlying revenue models shift towards value-centric and risk-sharing arrangements. BloodBill eliminates the gap between contract creativity and invoice accuracy”, said Michael Pandelakis, founder and CEO of BloodHub.
Exposure to high transaction volumes and customer feedback drive BloodBill’s rapid product evolution. The resulting deep feature set enables broad automation of the billing cycle, for both hospitals and their blood suppliers. In fact, product maturity and an intuitive end-user experience are the primary reasons behind BloodBill’s market share expansion.
Andrew Pandelakis, founder and CTO, added, “Our goal was to engineer BloodBill to delight its primary users: the supplier CFO who needs fast, accurate and complete invoices, and the blood bank supervisor who demands invoice transparency and fast reconciliation. From actual user feedback, we now know we succeeded.”
If you would like to learn more about BloodBill or see a live demonstration, contact us online at http://www.bloodhub.com/demo
BloodHub is a company focused on delivering high quality, web enabled blood management applications. Currently BloodHub serves 50,000+ active users across 4,200 hospitals. In careers that span 30+ years, the company’s founders have worked exclusively on software for the blood transfusion industry and have started and grown three successful companies. Together and individually, they have written or managed applications that span the entire blood management process from recruitment and collections to manufacturing, testing and distribution. For additional information on BloodHub, visit http://www.bloodhub.com.