Company Performance Metrics
The Exchange was created in 2005 in response to a health system’s need to better manage their cash flow and to better align their Days Payable Outstanding and Days in Accounts Receivable. When it became apparent that key healthcare suppliers would not accept a card payment due to fees charged by credit card companies, the founders worked with both
the health system and suppliers to create an alternative, yet complementary service that would achieve the objectives of the health system and also be cost-justified by the supplier.
As a result, H-Card, LLC was formed, offering a payment exchange to benefit all constituents, remove costs from the process and provide a portal to support the best-value payment mode for the health system and supplier. H-Card went to market in 2006, rebranded their solution in 2010 to Hap-X (Healthcare’s Automated Payment Exchange) and subsequently partnered with healthcare solution and financial service organizations to create a comprehensive, robust and unique client solution.
Today, more than 500 facilities transact business across the country through Hap-X.
