What you need to know: The Center for Medicare and Medicaid Services (CMS) in conjunction with the Office of Inspector General (OIG) have announced their intention to recoup over $1 Billion in improper payments through 2020. Your organization will likely fall within their scope of review. It's crucial that hospitals properly report warranty credits they receive from vendors for medical devices that fail or are recalled. Failure to comply could lead to significant bottom line loss from OIG fines, penalties and even potential jail time for hospital executives for Medicare Fraud.Learn more
SpendMend is with you every step of the way. We provide you a solution to automate in-depth reviews of critical warranty data, while at the same time, providing all of the support you may need to manage through every step of your process!
Clients receive credits and guidance to repay government agencies
SpendMend resolves open items with the vendor on the client's behalf
Clients adopt strong controls to coordinate roles among departments
SpendMend tracks the device through the entire vendor process
Clients gain monthly access to audit and tracking reports and summaries
Clients see drastic reduction in penalties, fees, and wasted resources
Spend Mend’s innovative process appears to leave no stone unturned and has identified and recovered significant dollars.
The SpendMend Client Portal allows me to review claims whenever I want – 24 hours a day – on my schedule; and without receiving stacks of paper, which makes the distance between our offices no problem
Not only did failures in a previous audit firm’s process result in lower recovery, but also some of the ‘claimed’ recovery dollars had to be paid back to vendors due to rejections. SpendMend has worked with vendors to ensure accurate, valid, approved claims; with better results.
SpendMend is a non-intrusive asset and great to work with; they build relationships with their clients and truly understand the Procure-to-Pay process.
If our team is finding money from recovery audits then I know there are many other non-profit hospital systems that would find value in executing this work as well.
I think the SpendMend staff is top notch and very professional and very knowledgeable. I work hand in hand with your people and I think you have great people and a great culture.