AR automation for medical device companies
GPO pricing, chargebacks, and rebate credits move separately from the invoice, so a paid account can still look overdue while a real short-pay hides in the noise. Monk ties every chargeback and credit back to its invoice and submits into hospital and IDN portals, so cash lands and disputes resolve in time.
The fastest, most hands-on team in accounts receivable automation
Live in under a month
The fastest onboarding in accounts receivable
Support 24/7
A team that moves at your pace, not a ticket queue
AI-native agents
Agents that learn every client and contract
Companies scaling revenue turn it into cash with Monk
Resolve price mismatches. Unlock working capital
Stop GPO price mismatches halting invoices
A single GPO agreement can carry 10 to 12 pricing tiers, so any mismatch between the hospital PO and your price halts the invoice for a manual audit. Monk catches the mismatch before the invoice stops
Free the working capital stuck in consignment
In implantable segments the device sits as your property until used in surgery and the invoice cannot issue until staff log serial numbers. Monk links consignment usage to the right PO so the cash clock starts sooner
From invoice to cash, without the chase
Connect your systems once, put collections playbooks to work, and let Monk learn every account it touches
GPO price-tier matching
Checks each invoice against the right GPO pricing tier and catches a hospital PO mismatch before it halts payment for a manual audit
Consignment reconciliation
Threads logged serial numbers and consignment usage back to the correct PO, so bill-only invoices issue without delay
AI cash application
Matches hospital and distributor payments to the right invoices, including the unearned early-pay discount taken 60 days late
How it works
Connect your ERP and contracts
Link SAP, Oracle, NetSuite, QuickBooks, or your ERP in days. Monk imports invoices, GPO contracts, POs, and contacts. CSV export works too, no direct integration required
Start on a collections playbook
Monk runs sequences that already work and tunes tone to each client tier
Cash starts moving
Collections and cash application run in the background while you build
See Monk in action
How a scaling staffing agency reclaimed 22 hours a week per AR staff member and cut overdue AR by 20% in month one.
The numbers
Integrates with your existing business
SOC 2 Type II compliant. Your data is secure
How much cash is trapped in your AR?
Frequently asked questions
Can Monk catch GPO pricing-tier mismatches?
Yes. Monk checks each invoice against the right GPO tier and flags a PO mismatch before it halts payment for a manual audit
How does Monk handle consignment bill-only?
Monk links logged serial numbers and consignment usage to the correct PO, so bill-only invoices issue as soon as the device is used
Does Monk chase the late early-pay discount?
Yes. Monk tracks hospitals that take the 2% discount but pay 60 days late and follows up on the unearned difference
How does Monk help reduce DSO?
Monk reads why each invoice is unpaid, follows up with intent-aware outreach, submits to portals, and applies cash. Teams using Monk see DSO drop by more than 40%
How does pricing work?
Flat and predictable. We do not charge a percentage of collections
Does Monk flag hospital credit risk before it becomes a write-off?
Capability confirmation pending. Draft proposal: flag deteriorating accounts using payment-pattern changes and aging drift.
Manual Medical Device AR is death by a thousand cuts. Deploy Monk on your toughest AR problems
Bring your AR aging report to a demo. We will walk through exactly what Monk would automate on day one and what your DSO looks like 90 days from now