GHXcellence Awards

GHXcellence Awards recognize supply chain leaders that are driving savings and efficiency for their organizations, their trading partners and the healthcare industry through automation and best practices.

Excellence in ePayables - Supplier

This new award is presented to the GHX supplier customer that has demonstrated the value of automating invoicing and payment processes.  

Prerequisite

  • Must be a GHX eInvoicing and/or ePay customer

Criteria considered

Note: Nominees are not required to meet all these criteria, nor are they limited to these. This criteria defines the range of accomplishment considered for this award. 

  • Percentage of payments received electronically
  • Percentage of invoices delivered electronically
  • Reduced postage expense due to invoices delivered electronically
  • Reduced Days Sales Outstanding (DSO) due to electronic invoice delivery and/or payment automation
  • Reduce Accounts Receivable staff time on reconciliation, collection and invoice mailing due to electronic invoice delivery and/or payment automation
  • Strategic execution – how ePayables and eInvoicing help achieve organizational objectives

Nominations should include supporting documentation whenever possible.

2018 Winner: Boston Scientific Corporation

  • Boston Scientific’s use of full order-to-cash automation, with billions processed annually across GHX’s neutral and open platform, exemplifies best practice standards for the industry.

  • This is the second GHXcellence ePayables win in a row for Boston Scientific, far exceeding the 2018 goal to double e-payment volume.

  • Partnering with GHX integrated hospitals, Boston Scientific has increased invoice automation and reduced exception rates, which benefits both the company and its customers. It has also achieved a days sales outstanding (DSO) average below 12 days by driving utilization.

 

2018 Winner: Medtronic

  • Medtronic has processed billions in payments annually across the GHX payables platform and achieves industry-leading efficiency by utilizing complete order-to-cash automation.
  • This is also the second win for Medtronic, continuing to drive momentum and achieving significant growth in ePay-processed transactions.
  • Medtronic has increased invoice automation and reduced exception rates, benefitting both the company and its customers. Driving utilization of GHX solutions, it has also achieved a days sales outstanding (DSO) average below 11 days.

 

2017 - Boston Scientific
2017 Winner -
Boston Scientific
2016 - Excellence in ePayables - Supplier
2016 Winner -
Medtronic