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Solutions

The SpendMend Suite of Solutions Reduces Financial Leakage Throughout the Hospital

In today’s intricate healthcare landscape, hospitals experience operational lapses and financial leakage due to breakdowns in processes and controls. The problem persists because hospitals and health systems face constant change while managing complex environments in an unending pursuit to remain compliant with internal controls and external regulations. Unfortunately, hospitals lose millions of dollars annually due to these common pressure points that are inherent to the healthcare industry.

Profit Recovery

Use our in-depth review of your historical accounts payable transactions to reverse financial leakage, improve process visibility and build stronger relationships with suppliers. Our proprietary knowledge will help you to illuminate the dark data in your hospital systems while delivering industry-leading recoveries and offering crucial insights and visibility.

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Medical Device Warranty Audit and Tracking

Medical devices like pacemakers occasionally fail and must be replaced. SpendMend provides the markets only complete solution for managing a hospital’s warranty program - starting with an audit assessment of current processes and policies to determine risk.

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Sales & Use Tax Auditing

Determining taxability on purchased items and services within the healthcare industry can be a confusing and time-consuming effort. Our team is ready to take on the burden of navigating these extensive and ever-changing rules.

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Mobile Device Account Management

Management of handheld wireless devices and contracts is fraught with daily headaches and challenges. Our mobile device account management team can remove the burden and provide you with simple end-to-end management of your entire program.

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SpendMend Pharmacy

If your hospital or health system is eligible to participate in the 340B program, you can obtain drugs at a reduced cost. But program participation comes with complex regulatory and audit requirements that must be managed carefully to maintain compliance.

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Solutions for Medical Suppliers

Our specialized work with medical suppliers is some of the most critical work we do ensuring that healthcare systems are working with a healthy supply chain consisting of thriving suppliers.

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Vendor Management Services

SpendMend offers a Vendor Management Services (VMS) bundle to help you better manage vendors, resolve missing and unseen invoices, improve working capital, capture discounts, optimize payments, and more.

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