August 8, 2018

Monitor Your Freight Charges Closely

Every business experiences human error from time to time, but systematically omitting humans from your financial process often creates a new set of challenges. We know machines aren’t perfect, so even if your financials are somewhat automated, you should always have someone overseeing the process. We recently uncovered a year-old computer error that had cost our more than $10,000–all for a box of staples. Take a look. Through our Discovery Review Process and Item Price Benchmarking, experts at The Audit Group conduct a full analysis to ensure your health system’s cash management is optimized and your organization is receiving optimal […]
January 15, 2018

Tips for a Hospital Contracts Manager

At major health systems and hospitals, there are hundreds of individual contracts and pricing agreements among numerous departments and teams. These contracts can be with vendors or even through a GPO. However, to stay organized and ensure an accurate Procure to Pay (P2P) process, a Hospital Contacts Manager should monitor all of these vendor agreements. Why Hospital Contracts Managers Should Maintain Record of Pricing Agreements We recently worked with a large health system to uncover overpayments and recover funds. This organization had been paying a vendor, Stryker Orthopedics, a total of $930 for each specific item. However, during our audit […]
Tips for a Hospital Contracts Manager
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