August 20, 2018

Are Your Cancelled Agreements Still Costing You?

There are many moving parts within a large healthcare system. When departments aren’t communicating, costly problems often arise. A common issue we see among healthcare systems is allowing payments to continue after agreements have been canceled. Payment Process Breakdowns Let’s say a healthcare system has a multi-year maintenance agreement with a large medical supplier. After two years, the health system cancels the agreement, but the AP department is not notified. Later, the AP department receives a check request for a payment on the contract. No purchase order was used for the agreement. Without a PO to reference or notification of […]
February 9, 2018

Save Money by Researching Items Not Linked to Contracts

With the complex network of pricing structures at hospitals, purchasing departments may have difficulty ensuring all products and services are accurately paid for. A single health system may have hundreds of individual pricing contracts and agreements, both directly with vendors through a GPO. With all of the confusion that can arise, it is important for Accounts Payable to look into items not linked to contracts to ensure accurate pricing and avoid overcharges. Making sure a hospital pays the correct price on every invoice involves a three-step process: Determine the correct price and most favorable terms before an order is placed […]
Save Money by Researching Items Not Linked to Contracts
This website uses cookies to improve your experience. By using this website you agree to our Data Protection Policy.
Read more