Cooper University Health Selects TAG for AP/Recovery Audit
December 11, 2013Thursday, August 15 , 2013
FOR IMMEDIATE RELEASE
For more information: Michael R. Smith, 636-536-6333, media@theauditgroup.com
The Audit Group, Inc. (TAG) Wins Contract for AP Review at Thomas Jefferson University Hospitals
ST. LOUIS (TAG) – The Audit Group, Inc. (TAG)–a Chesterfield, MO-based healthcare auditing company–announced on Thursday, August 15, that it has signed a contract with Thomas Jefferson University Hospitals (TJUH) to perform and independent Accounts Payable and Purchasing review of the system.
The review will assess TJUH policies and procedures in its purchasing and payable practices, make recommendations on process improvements, and recover any lost funds through error or oversight.
TJUH is a private healthcare system and was named as the 17th best hospital in the United States for 2013-2014 by the U.S. News & World Report. TJUH operates four primary hospitals in Philadelphia and Voorhees Township, New Jersey.
TAG–founded in 1987–examines the supply chain contracts and statements of large healthcare systems and hospitals. When it discovers overcharges or overpayments, TAG then works on behalf of the clients to recover the funds, typically adding hundreds of thousands or millions of dollars back into the hospital’s accounts. During the audit process TAG also reviews its client’s payable practices and recommends improvements for future savings.
Founded by CEO John M. Weiss, Jr., TAG was a pioneer in the area of healthcare purchasing and payables audits when it began 26 years ago. Today, it continues to work exclusively in the healthcare industry.
For more information about The Audit Group, contact 636-536-6333, email media@theauditgroup.com, or visit www.theauditgroup.com.
# # #
About TAG:
TAG has been providing audit services exclusively to the healthcare industry nationwide since 1987. Its motto–Helping Hospitals Save–is backed up by over $200-million the company has recovered for its clients. As a leader in the area of recovery audits TAG has been rapidly growing since the beginning of 2013, adding staff and services as it wins new business. More information about TAG may be found at www.theauditgroup.com.
About Thomas Jefferson University Hospitals:
Thomas Jefferson University Hospitals (TJUH) is a private healthcare provider that operates hospitals in Philadelphia and southern New Jersey. TJUH was ranked as the 17th best hospital in the United States for 2013-2014 by U. S. News & World Report. More information about the health system may be found at www.jeffersonhospital.org.
