COVID-19 Critical Challenges Told By Healthcare P2P Staff

Written By: Amanda Geelhoed Papach, Marketing Director at SpendMend A few weeks ago, SpendMend created a COVID-19 Idea Exchange for Healthcare Finance, Internal Audit, Supply Chain, and Accounts Payable Departments. This Idea Exchange survey requested input about how...

HRSA Allows for Immediate 340B Use at PBDs/HOPDs

Several Apexus frequently asked questions (FAQs) have been released recently that have been interpreted to mean hospital 340B CEs will no longer need to wait to use 340B drugs at new or relocated provider-based clinics. Turnkey is just as pleasantly surprised as you...

Webinar Recap: 5 Hidden Ways That COVID-19 is Impacting Your Business

Written By: Rob Heminger, SpendMend President, rheminger@spendmend.com Yesterday I hosted a webinar entitled, “The five hidden reasons why COVID-19 is hurting your Procure-to-Pay (P2P) process.” I used the presentation to reveal several hidden areas throughout the P2P...

When The Hospitals Started Asking Me For Help… We’re Stronger Together.

Written By: David Hewitt, RVP of Sales - East, dhewitt@spendmend.com I’ve served healthcare networks and hospitals for nearly a decade and if you would have asked me in January… I would have told you that I had seen it all. But I hadn’t…none of us had. The last few...

Change, Complexity and Compliance in a Pandemic

Written By: Michael Koory, Regional Vice President of Sales - Mid America Does anyone else want to start 2020 all over again? Roll back the time and start over? Take a minute and think back to your 2020 planning session. Were you were making plans for managing a...

340B/HRSA EMERGENCY ENROLLMENT

Some call it Novel Coronavirus SARS-CoV-2.  Others call it Corona Virus disease of 2019. Many like to say Covid-19 or just plain Corona. Anyway you say it, it brings up many emotions for nearly every American. Everyone in our society has been impacted in some way. The...

SpendMend Remains Dedicated to your Financial Health During this Time

As the impact of Novel Coronavirus (COVID-19) continues to spread across the country and the world, we wanted to take this opportunity to acknowledge all the hard work you, and other healthcare industry professionals, are doing to help keep people safe and healthy. As...

An Open Thank You To A Different Kind Of Healthcare Hero

We have heard the brave stories of the doctors, nurses, spiritual advisors, and janitorial staff members standing face-to-face with COVID-19 and its direct impact and we thank them for their courage and efforts, but we also want to thank the unsung and forgotten about...

Caring and Preparing – A Challenge Unique to Healthcare

Written By: Michael Koory, RVP of Sales- Mid America To all people working in healthcare – Thank you! Recently, I read an article and listened to some audio relating to PWC’s recent survey on what is keeping CFO’s up at night amidst COVID-19 Find the link...

Telehealth and the 340B Patient Definition

Unless you have been living under a rock the past several months, you know that the COVID-19 Public Health Emergency (PHE) has dramatically impacted how both hospital and clinic providers strategize to provide healthcare to patients, including remotely via telehealth...

340B Program Legislative & Regulatory Update

For those of us in the 340B program trenches, it feels like we are constantly under assault from our legislatures (e.g., Senate and House bills with detrimental effects on 340B), regulatory agencies (e.g., CMS reimbursement, HHS/HRSA interpretations of the law), drug...

10 Tips for Working From Home With Your Kids

Written By: Amanda Geelhoed Papach, Director of Marketing, SpendMend, ageelhoed@spendmend.com COVID-19 has rocked the world and our culture over the last month erupting in cancellations of schools, day care, work, holidays, professional sports seasons, and even the...

The Positive Influence of Supply Chain into the Recovery Audit Process

Written By: Nash Shook, nshook@spendmend.com Tucked away in woodsy, western North Carolina, I grew up in a progressive but small-town healthcare household.  My mother was a CRNA in our local hospital. My dad was the Supply Chain Director at the hospital in the next...

The More Things Change, The More Things Stay The Same

Written By: Nicole Thompson, Director of Business Development, nthompson@spendmend.com When I started in the recovery audit industry as an intern at an industry leader, I was shuttling disks and drives to the data processor’s office and picking up bankers boxes of...

A Difference Made

We hear negative goings-on in the world so often that we gloss over what happened and keep reading down the page.  We are engrossed in our work and don’t always respect why we continue to do the daily grind.  Some work for a paycheck.  Some work for the difference...

A Key Question About the OIG’s Audit of Medical Device Warranty Credits

Written by: Alan J. Brander, abrander@spendmend.com  Last week we ran a webinar in cooperation with our new partner, the Center for Improvement in Healthcare Quality (CIHQ).  The topic was centered around what can hospitals expect from the Office of Inspector...

SpendMend Donates over 200 Toys to Local Toys 4 Tots

Written by:  Hannah Geelhoed, Community Involvement Director Each year SpendMend employees get together to collect money for Toys 4 Tots Kent County. Between our employees and the company match we were able to raise over $1500! We make sure to plan ahead so we can get...

Healthcare Finance & Accounts Payable Leadership Spotlight: Patty Carrel

Name: Patty Carrel Area of Expertise: AP, Leadership, People Management, Automation, Process Optimization, Financial Technology Solutions Patty Carrel has worked for some of the largest and most recognizable brands in healthcare for over 30 years.  In her tenure she...

The Fear That May Be Holding Some AP Professionals Back

Written By: Jill Ulliman, System Director, Accounts Payable at OhioHealth Corporation I recently shared a story with a long-time colleague from the Recovery Audit firm, SpendMend, about a session I attended this past year at the annual IOFM conference.  After...

SpendMend Employees Save 75 Lives in One Day

Written By: Amanda Geelhoed Papach, Marketing Director Seven years ago I was tasked with finding a way for our employees to give back to our clients. The same week that I was given this project Super Storm Sandy hit the east coast. There was a nationwide call for...

How Are Your Hospital’s Finances Just Like Halloween Candy?

Written by: Amanda Geelhoed Papach, ageelhoed@spendmend.com As kids, my sisters and I would travel from our small quiet street to a giant neighborhood. We would head to our uncle’s house where we would meet up with cousins and friends and fuel up with pizza before the...

4 Innovative Ways to Contain Healthcare Financial Leakage

Written By: Michael Koory, RVP of Sales 4 Innovative Ways to Contain Healthcare Financial Leakage  The financial risk to health systems has never been higher. Decades of reimbursement reductions coupled with operating cost increases have left health systems executives...

Should I Send All Explanted Devices Back to the Vendor?

During last month's webinar we hosted (click here to watch) about the steep fines hospitals are facing due to Medical Device credits and the confusion surrounding the status of warranties for certain devices an attendee posed the questions: Do you have to send every...

Medical Device Warranty Credits & Regulatory Requirements…Is Your Hospital at Risk?

Written By: Alan J. Brander, CSO at SpendMend, abrander@spendmend.com Medical Device warranty tracking and credit payments have become a focal point for the Centers for Medicare & Medicaid Services (CMS), as evidenced by several new requirements in past last ten...

Three Reasons Why Healthcare Companies Are Draining Cash!

Written By: Rob Heminger, President, rheminger@spendmend.com In today’s complex business landscape, large organizations suffer costly operational lapses and significant financial leakage on a daily basis. The matter is particularly challenging in the healthcare...

What Did 100 Healthcare Professionals at the AHRMM Conference Teach Us About Goal-Setting for the Balance of 2019?

By: Tom Flynn, VP of Marketing, tfylnn@spendmend.com Earlier this month we piled 5 of our most prized employees into a booth at the The Association for Health Care Resource & Materials Management (AHRMM) conference in San Diego, California.  We had so much fun...

Why Finance Departments in the Healthcare Space Need to Start Talking About the “Dark Data” in Their Cost Cycle

By: Dan Geelhoed, CEO, dgeelhoed@spendmend.com Before we can have this conversation, we first need to outline what we mean by “Dark Data.” In the simplest terms, “Dark Data” can be defined as the information embedded in the cost cycle that is not easily visible,...

AP Audit Alone, Is No Longer Enough

By: David Hewitt, Regional Vice President of Sales - Northeast When I was told by marketing that I had to write a blog, my first instinct was “…you must think of an excuse, this wasn’t in my job description… I’m Way Too Busy!” If you’re like me, when told you must do...

Where Visibility Meets Actual Recovery

By: Michael Koory - Regional VP of Sales - Mid America In the last post ( Read it Here) I discussed the importance of being able to see your entire hospital as one whole entity. As discussed, a typical traditional 3 years back cost recovery firm will find savings...

Stop Leakage and Multiply Savings With Actionable Insights From Your Enterprise Spending

By: Michael Koory, Regional VP of Sales - Mid America All health systems have developed and implemented internal controls designed to protect against losing money in the Procure-to-Pay Process. These include departmental controls, system controls, and process...

The Top 5 Causes of Dark Data

By: Michael Koory, Regional VP of Sales - Mid America We introduced the concept and defined dark data as: Information embedded in the cost cycle is not readily visible, sometimes not accessible, and rarely timely. To refresh on the dark data concept, please visit the...

What Scares You About An Audit?

It’s the time of the year when being scared is encouraged. Everywhere you look spiders, skeletons, and monsters are lurking... even in your finances, pharmacy, and OR. There is no reason to be part of the 51%* of surveyed healthcare executives who view a recovery...

Introduction to Cost Cycle Management

Introduction to Cost Cycle Management Reimbursement constraints continue to put pressure on Health Systems throughout the country. Consequently, more and more efforts are focused on creating an efficient well-organized Cost Cycle Management process. Ensuring every bit...

Financial Leakage Sneaks into Supply Chain

Financial Leakage Sneaks into Supply Chain Financial Leakage can find its way into Supply Chain in a variety of ways, but a lack of time, insufficient data, expired, returned, and recalled items, as well as cost management, can plague an entire department.   Lack...

The Struggles of a CFO in 2018

The Struggles of a CFO in 2018 In today’s healthcare market the CFO’s job has become more stressful and encompassing than ever before. To keep pace with board requirements, changes in regulation and reduced budgets the CFO must become a master of efficiency and...