Prestige Healthcare gets 2x the credit and payment terms built for healthcare with Brex

Limited credit, rigid terms, and lack of visibility

Prestige was struggling with restrictive credit limits, manual workflows, and limited support for multi-entity operations. Their American Express card program didn’t offer the spending power, flexibility, or transparency they needed to manage dozens of vendors and multiple nursing home facilities. Plus, their card's repayment terms weren’t designed around the realities of cash flow timing in the healthcare industry.

“We wanted more credit available with more flexible payback terms,” says Jonathan Aschendorf, C.P.A., CFO, Prestige Healthcare Management. “We’re a complex organization, and we needed more flexibility and visibility across all our facilities.”

Prestige set out to find a scalable corporate card and spend platform to manage purchasing and payments across numerous facilities, one that would allow them to maintain the highest standards of patient safety and quality of care while navigating regulatory requirements and complex operational costs.

For help, Jonathan turned to Menashe Rosenberg, Trade Insurance & Supply Chain Finance Fintech Strategist at Isaac Gancfried & Associates (IGA). Menashe knew the perfect solution and referred him directly to Brex.

A unified card and expense platform built for healthcare organizations

On IGA's recommendation, Prestige evaluated Brex's corporate cards and automated spend management software and was impressed by the higher credit limits, extended and flexible payment terms, no personal guarantee requirements, multi-entity billing, card controls, and consolidated reporting. "Brex impressed us right away," Jonathan says. "The customer service was outstanding from day one. We didn't even consider anyone else."

Brex offered 2x higher credit limits than Amex, with repayment terms aligned to healthcare's cash flow realities — where reimbursement cycles from Medicare, Medicaid, and private insurers don't always align with vendor payment schedules. "Healthcare is a cash flow timing business, and we have to wait on funds at times," Jonathan says. "Brex accommodates this with their payment terms, which is great for healthcare companies."

The Brex solution also provides:

• Streamlined payments for administrators across the multi-facility organization
• Fast card issuance so facility managers can make purchases without bottlenecks
• Real-time expense tracking and audit trails for regulatory reviews and compliance
• Automated expense reports that eliminate manual receipt chasing
• Vendor controls and approval workflows that help automate maintain policy compliance

“Brex has flexible card payment terms, which is great for healthcare companies."

— Jonathan Aschendorf, C.P.A., CFO, Prestige Healthcare Management

Financial flexibility and stronger compliance

With Brex, Prestige Healthcare Management operates faster and with greater clarity. "It's easy to issue cards, and our team knows exactly what's being spent and where," Jonathan explains. "That's huge when you have multiple facilities and hundreds of employees."

The combination of higher credit limits and flexible payment terms has unlocked operational agility, whether ordering PPE for staff, replacing critical equipment, or paying routine facility suppliers, Prestige's team can act quickly. "Brex gives us the freedom to spend on things that will have future impact," Jonathan says. "That's critical in healthcare, where investments directly improve patient experience."

"Brex gives us the freedom to spend. That's critical in healthcare, where investments directly improve patient experience."

— Jonathan Aschendorf, C.P.A., CFO, Prestige Healthcare Management

The compliance improvements have been equally significant. Brex's automated workflows and real-time visibility have helped the finance team increase accountability across facilities while reducing manual oversight.

The platform's easy receipt capture and auto-populated expense reports make it simple for employees to complete expenses correctly and on time, reducing errors that can complicate audits or compliance reviews. The result: it's 5x faster for Prestige to complete expenses on Brex than it was with Amex.

Beyond the platform itself, Jonathan emphasizes Brex's responsive support. "The whole Brex team is great," he says. "They're responsive, easy to work with, and they understand the complexity of healthcare finance."

The corporate card and spend platform built for healthcare

Brex corporate cards and expense management software help healthcare organizations:

• Gain real-time visibility and control over complex, multi-facility spend
• Align credit and payment terms with cash-flow cycles
• Improve compliance through automated workflows and transparent tracking
• Empower staff to purchase operational necessities without administrative friction
• Partner with a responsive team that understands healthcare’s regulatory and financial realities

"Brex is responsive and easy to work with. They understand the complexity of healthcare finance."

— Jonathan Aschendorf, C.P.A., CFO, Prestige Healthcare Management

Ready to see how Brex can give your healthcare company flexible spending power and automate your repetitive expense tasks? Sign up for Brex today and discover how our integrated card and software platform is perfect for healthcare companies, delivering measurable time and cost savings.