PORTSMOUTH, N.H., Aug. 24, 2015 (GLOBE NEWSWIRE) -- Bottomline Technologies (NASDAQ:EPAY), a leading provider of cloud-based payment, invoice, and digital banking solutions today announced that Abington-Jefferson Health of Abington, Pennsylvania has selected Bottomline’s Paymode-X payment network to automate their vendor payments.
“Abington-Jefferson Health is laser focused on reducing administrative costs in favor of allocating resources to patient care,” said Jud Erick, Director of Accounting and Budgeting at Abington-Jefferson Health. “Paymode-X allows us to reduce processing costs and maximize efficiencies. In addition, our vendors will benefit from electronic payments directly deposited into their bank accounts.”
Paymode-X facilitates the online exchange of electronic payments and remittance advices between payers and vendors – all in a user-friendly and intuitive format. Paymode-X is one of the world’s largest business-to-business payment networks with more than 300,000 members. A growing number of companies, including many healthcare organizations, use Paymode-X to migrate from paper to electronic payments.
“We are delighted to welcome Abington-Jefferson Health to the Paymode-X network,” said Jessica Moran, General Manager of Cloud Payment Solutions at Bottomline Technologies. “Increasingly, we see healthcare organizations choose Paymode-X for its easy integration with their AP systems, the number of their vendors already in the network, and the benefits those vendors receive like electronic remittance delivery.”
About Abington-Jefferson Health
Abington-Jefferson Health encompasses Abington Hospital in Abington, Abington – Lansdale Hospital in Hatfield Township, two urgent Care Centers, and five convenient outpatient facilities, which include Abington Health Center – Willow Grove, Abington Health Center – Warminster, Abington Health Center – Blue Bell, Abington Health Center – Lower Gwynedd and Abington Health Center – Montgomeryville. More than 1,400 physicians are on staff at both Abington Hospital and Abington – Lansdale Hospital. In addition, some physicians are members of Abington Health Physicians, an employed network of primary care physicians and specialists. Abington – Jefferson Health is part of Jefferson Health and Jefferson, a newly formed organization dedicated to providing the highest quality, compassionate clinical care for patients, educating the health professionals of tomorrow, and discovering new treatments and therapies that will define the future of health care.
About Bottomline Technologies
Bottomline Technologies (NASDAQ:EPAY) powers mission-critical business transactions. We help our customers optimize financially-oriented operations and build deeper customer and partner relationships by providing a trusted and easy-to-use set of cloud-based digital banking, fraud prevention, payment, financial document, insurance, and healthcare solutions. Over 10,000 corporations, financial institutions, and banks benefit from Bottomline solutions. Headquartered in the United States, Bottomline also maintains offices in Europe and Asia-Pacific. For more information, visit www.bottomline.com.
Bottomline Technologies and the Bottomline Technologies logo are trademarks of Bottomline Technologies, Inc. which may be registered in certain jurisdictions. All other brand/product names may be trademarks of their respective owners.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements reflecting our expectations about our ability to execute on our growth plans. Any statements that are not statements of historical fact (including but not limited to statements containing the words “believes,” “plans,” “anticipates,” “expects,” “look forward”, “confident”, “estimates” and similar expressions) should be considered to be forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors including, among others, competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' operational and financial results, refer to our Form 10-K for the fiscal year ended June 30, 2014 and any subsequently filed Form 10-Q’s and Form 8-K’s or amendments thereto. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.
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Source:Bottomline Technologies, Inc.