Commerce Bank’s Revenue Share Program Features No Credit Facility Requirement
Commerce Bank announces Active Funds vendor payment and hospital revenue share program with no credit facility requirement.
Commerce Bank, a member of HASC’s Endorsed Business Partner program, introduces this new service as part of its ControlPay® Advanced offering. No other bank provides this service on a no credit facility basis, which means more revenue share dollars back to participating hospitals.
One HASC member hospital realized almost $700,000 in revenue share dollars this past year.
Revenue share is volume driven based upon each hospital’s spending level and the aggregated spending level of all HASC participating hospitals. As more hospitals participate, all hospitals share the increased revenue share percentage. Revenue share payments are made monthly.