Are You Doing Everything You Can To End Financial Leakage?

Many organizations within the healthcare industry suffer significant financial leakage. The problem persists because hospitals and health systems face constant organizational change while managing highly complex internal environments in an effort to remain compliant with controls and regulations.

Unfortunately, these organizations lose millions of dollars annually due to avoidable errors. This unchecked loss of bottom line revenue persists due to lack of visibility, operational inefficiency and resource mismanagement. SpendMend can help.

Over 150 Major U.S. Health Systems

Use SpendMend Profit Recovery

Watch our Recovery Audit overview video and discover how SpendMend can help you to gain more insights and visibility into your hospital’s entire procure-to-pay process.

DATA SHEET

5 Reasons to Select a SpendMend Recovery Audit

Recovery Audit Overview

Here’s What You Get When Working With SpendMend Profit Recovery

Duplicate Payment Review
Proprietary searches to uncover and validate duplicate payments
Supplier Statement Audit
Automated outreach and OCR to ensure maximum statement credits
Contract Compliance
Price-change monitoring to help ensure contractual terms
24/7 Portal Access
24/7 access into an online portal for visibility into results and reports
Complete Reporting & Analysis
A robust suite of reports from day one to drive improvements
Offsite and Efficient
Offsite workforce will not require client staff, time or resources

The Benefits of Using SpendMend to Stop Your Financial Leakage

Industry Leading Recovery
SpendMend delivers $1.25M per every $1B spent in annual AP disbursements
Visibility & Insight
SpendMend delivers in-depth Root-Cause Analysis for all claims
Future Loss Prevention
SpendMend clients enjoy a 59%  rate-of-error reduction within 2 years
Improved Processes
Hospitals report steep process improvements due to SpendMend
Time Savings
Hospitals reduce resource drain through SpendMend’s recommendations
Negotiating Leverage
Hospitals negotiate more favorable terms by leveraging audit insights

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