Our Healthcare Analytics: Spend Optimization Solution
Identify
Identify systemic bottlenecks and areas of financial loss.
Pinpoint
Pinpoint where the errors occurred, their root causes, and how to prevent them from reoccurring.
Recover
Recover funds due; reconcile vendor accounts.
Recommend
Recommend corrective actions to improve processes, prevent errors, and create future savings.
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We are Deeply Passionate about Examining Data, Addressing Challenges, Producing Benefits, and Powering Innovation.
In 2006, TAG dedicated millions of dollars of research and development to address our clients' needs for better healthcare analytics and launched Spend Optimization Solution (SOS). Currently we have identified the files and related fields needed for the analysis of 18 healthcare ERP systems – such as McKesson, Oracle, PeopleSoft, Meditech, and many others for the purpose of examining thousands of vendors, hundreds of thousands of invoices, and millions of lines of data to identify Suspect Payments, Payment Errors, and Savings Opportunities.
Utilizing the capabilities of SOS™‘, TAG can provide vendor insight into your purchasing and disbursement process and create customized management reports highlighting issues that warrant attention.
SOS™‘provides ongoing quantitative results in key areas including but not limited to:
- Tiered Pricing Monitoring
- Cash Discount Monitoring
- New Contract Compliance
- Invoices Issued in Error
- Overcharges on Invoices
- Allowances
- Duplicate Payments
- Accounting Errors
- Credit Memos and Statements
- Returned Goods
- Overpayments
- Tax Paid in Error
- Freight and Handling