GHX announced it has acquired Omaha, NE-based, privately held H-Card, LLC, (Hap-X), an automated payment management software and services firm serving U.S. healthcare providers and suppliers. The acquisition, GHX’s second in 19 months, expands the company’s financial products portfolio bringing even greater payment choice and value to customers.
With the addition of Hap-X, GHX is delivering the industry’s only payment exchange with healthcare’s largest business process network – one that encompasses multiple payment methods, remittance, and a network model so trading partners can choose what’s most effective for their relationships.
Despite ongoing advances in automation, payments management remains complicated for the healthcare industry. Yet payment is the last step in the demand-to-pay (provider) or order-to-cash (supplier) process. Combining ordering, contract price validation, invoicing, and payment creates visibility across the entire order-to-cash cycle for suppliers or demand-to-pay process for providers– leading to lower days sales outstanding (DSO) and better cash forecasting.
The combined product offering gives GHX the ability to extend its healthcare solution into a complete demand-to-pay portfolio of software and services, helping to reducing healthcare costs for the supplier/provider community.