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.

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Watch our Medical Device Warranty Audit and Tracking overview and learn how SpendMend can help you construct a seamless process for warranty tracking while avoiding costly fees and penalties.

Data Sheets:

Hospital Medical Device Self Assessment Tool

Bottom Line Recovery

Clients receive credits and guidance to repay government agencies

Vendor Resolution

SpendMend resolves open items with the vendor on the client's behalf

Strong Controls

Clients adopt strong controls to coordinate roles among departments

End-to-End Tracking

SpendMend tracks the device through the entire vendor process

Monthly Reconciliations

Clients gain monthly access to audit and tracking reports and summaries

Eliminate Risk

Clients see drastic reduction in penalties, fees, and wasted resources

What Will the SpendMend Medical Device Warranty Solution Provide?

Risk Assessment Through Audit

Tracking & Compliance

Solution Reconciliation

Audit & Recovery

SpendMend By The Numbers. A Tradition of Excellence!

Years Leading the Healthcare Industry

Percent Of the Top 50 Healthcare Networks

373

Million Dollars Delivered to Our Clients in the Past Year

495

Thousand Suppliers in Our Supplier Network

What our clients are saying

Spend Mend’s innovative process appears to leave no stone unturned and has identified and recovered significant dollars.
Controller - Regional Health System
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
Controller, Regional Health System
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.
Manager, Accounts Payable, Medical Center, Northern US
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.
Material Manager, Midwest Healthcare Organization
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.
SCM Manager of Large Midwest IDN
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.
Director of Finance, $11B/8500 Bed Healthcare System

Medical Device Warranty Credit Tracking

Are you at risk for significant penalties and fees?