1. Discovery Review
Protecting your funds and identifying areas of inefficiencies are central to creating growth for your organization. Starting with a financial risk analysis, TAG will identify the areas most likely to result in recovered funds.
Our comprehensive review identifies each area where loss has occurred within the procure to pay cycle. After recovering lost funds, The Audit Group provides a strategic report that outlines the cause of the lost funds and methods for mitigating that loss in the future.
2. Item Pricing Benchmarking
Maintaining competitive pricing in the healthcare marketplace is a battle. Our Benchmarking service compares prices across the nation to ensure that your healthcare system is receiving the best possible pricing, even for non-contract items. The end result is reduced supply costs and more effective contract negotiations moving forward. You can rest easy, knowing that your organization is receiving optimal pricing from every vendor.
3. Statement Collection
Reconciling vendor accounts and receiving statements for every entity within your healthcare system can be daunting. Our Statement Collection service gives you the peace of mind that every vendor statement is being accounted for. Consistently requesting statements will reduce the risk of credit hold, realize lost and escheated credits, aid in developing a target vendor list, and establish clean, manageable accounts.
4. Employee Education
Education and continual development are essential ingredients to the success of your organization. The Audit Group’s expert Client Solutions Managers use adult learning best practices to customize educational sessions to the needs of your organization. Whether addressing a recurring challenge or introducing a new process, our seasoned team delivers enriching and profitable training to your team. Professional training sessions are conducted either on-site or remotely to provide your staff with an optimal learning environment.
Take control of your cash flow. Contact us.