Case Study: a large medical device manufacturer achieves $20M+ in savings with GHX ePay

E-payments Surprises With Big Savings

A large medical device manufacturer faced a significant challenge with credit card payments, which had become one of its largest SG&A expenses. An internal investigation revealed that about half of these payments were late, severely eroding margins. The company partnered with GHX to address this problem.

GHX implemented its ePay solution to automate payments and replace the reliance on credit cards. The solution provided customers with incentives for early payment through rebates and offered both parties greater control and visibility. This initiative by GHX led to over $20 million in savings within the first year, successfully migrating 99% of hospital customers off credit cards. It also maintained Days Sales Outstanding (DSO) stability and achieved 99.9% touchless cash application.