We identify class action lawsuit settlement opportunities for your health system and assist in preparing and submitting all required documentation and forms to recover funds. After the filing is complete, we reconcile the settlement results and distribute the recovery dollars back to your organization.
Learn more about our class action settlement recovery services here.
Health systems often store their contracts in several different areas including ERP systems, GPO portals, and shared drives. This not only makes managing contracts more complex but increases the chance for incorrect POs, pricing errors, and overlooked contract expirations. We gather your contracts in one repository where we can monitor them for invalid or unused contracts as well as provide notification for contracts expiring soon.
By analyzing your procure-to-pay data, we can detect some instances that point to fraudulent activity including ghost vendors, invoice count fluctuations, out of sequences invoice numbers, and vendors that match employee information such as vendors and employees with the same address.
Inconsistent information flow can hinder your health system’s operational and financial initiatives, increases billing errors, and encumbers policy and technology updates such as ERP transitions. Our cleanse and mapping service aligns your Item Master, GL data, and UNSPSC records to provide data accuracy that can fuel operations.
Your item master can have a substantial downstream influence on your health system’s Supply Chain, margins, and clinical workers. Standardization and accuracy of the information contained within the file are essential to generating accurate purchase orders and utilizing the available contract pricing that your health system has negotiated. Turn to us to restore and cleanse your item master to greatly improve pricing accuracy, reduce transactional discrepancies, price match exceptions, and significantly reduce hours lost chasing down pricing overcharges.
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Our RNI review is the optimal solution to reduce accrued funds resulting from items Received, Not Invoiced. Our expert team identifies and rectifies inaccuracies in your procure to pay process, reconciling POs and Accruals with vendors to eliminate unnecessary liabilities. With our comprehensive expertise and personalized approach, we enhance accuracy, control costs, optimize processes, and provide expert consultancy, enabling you to achieve significant savings and ensure transparent financial reporting. Take charge of your financial statements today by partnering with TAG Inc. for unmatched results.
A clean vendor master file helps reduce loss and errors by supporting the Procure-to-Pay process with reliable, consistent, and accurate information. A cleanse of your vendor master reduces your health system’s exposure to payment errors, fraudulent charges, and risk of noncompliance. A vendor master cleanse is an essential project for any health system, especially those that are considering an ERP upgrade, conversion, or implementation. We recommend that your vendor master is cleansed consistently on a minimum annual basis.
Collecting statements from your vendors is essential to ensuring your health system is preserving vendor relationships, utilizing available credits, and paying invoices in a timely fashion. This process can be very tedious, time-consuming, and draining on your resources. Let us take on the burden of researching your vendor account numbers, collecting your statements, and comparing them against your payment data to allow your staff to focus on tasks that are more labor-intensive and require more advanced skills.