What You Don’t Know Can Hurt You: Prevent Overpayments under the False Claims Act
In today’s healthcare landscape, the government funds over two-thirds of all provider costs, totaling over $3.5 trillion annually. Generally, the Center for Medicare and Medicaid Services (CMS) manages the payment of these claims. In an effort to maintain integrity in the current healthcare system, providers are responsible for determining whether the submitted claims are paid […]
Five Reasons to Perform a Vendor Master Cleanse
On average, health systems work with over 27,500 vendors at a given time with seven percent of those vendors changing their name, affiliation, or standing on an annual basis. With such a large number and variability of vendors, managing vendor data can quickly become cumbersome for an organization’s Accounts Payable (AP) department creating exposure to […]
TAG Inc. to Present at the 2019 AHIA Annual Conference
TAG Inc., The Audit Group, remains dedicated to helping health systems perform at their best by specializing in cost control, risk mitigation, and process improvement in the Procure-to-Pay space. Part of this effort means educating the industry on best practices and providing information to healthcare systems that enables them to make proactive improvements on their […]
Top 5 Ways to Protect Against Duplicate Payments
Duplicate payments have been among one of the leading sources of leaking resources in healthcare systems for decades. Health systems in the United States lose over $500 million to duplicate payments annually. That’s right, duplicate payments are a half-billion-dollar per year mistake. Imagine what your healthcare organization could do if they saved those funds each […]
Six Tips for Hospitals to Reduce Duplicate Payments
Duplicate payments are a large issue in most hospital and healthcare systems. As a category duplicate payments make up the third-largest area in TAG’s hospital AP recovery audits. Often “dupe” payments occur through data entry mistakes, or human error. In one example, an invoice number was entered incorrectly, causing a $187,607 duplicate payment when […]
Penn Medicine’s Keys to a Successful Supply Chain
In today’s rapidly evolving healthcare market, more hospitals are cutting costs across the board and looking to their supply chain departments to identify the best places to start. Many health systems have taken this opportunity to audit and streamline their supply chains into more focused, profitable departments. Penn Medicine at the University of Pennsylvania is […]
TAG Participates in Colon Cancer Awareness 5K Race
ST. LOUIS: March 30, 2014 – On a cold Saturday, The Audit Group, Inc. (TAG) participated in an Undy 5K race fundraiser to support the Colon Cancer Alliance. CCA promotes colon screenings to prevent colon cancer or to identify colorectal cancer early in order to treat it. Recent national and local news stories have reported […]