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 completely avoidable errors. This unchecked loss of bottomline revenue persists due to lack of visibility, operational inefficiency and resource mismanagement. SpendMend can help.
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.
Join over 3000 hospitals across 250 IDN’s and leverage our in-depth review of accounts payable transactions to reverse your financial leakage, improve your process visibility and build stronger relationships with your suppliers. Use our proprietary knowledge to illuminate the dark data in your hospital systems while receiving industry-leading recoveries and gaining crucial insights and visibility..
Proprietary searches to uncover and validate duplicate payments
Automated outreach and OCR to ensure maximum statement credits
Price-change monitoring to help ensure contractual terms
24/7 access into an online portal for visibility into results and reports
A robust suite of reports from day one to drive improvements
Offsite workforce will not require client staff, time or resources
Based on input from over 250 Healthcare Systems since 1995:
SpendMend delivers $1.25M per every $1B spent in annual AP disbursements
SpendMend delivers in-depth Root-Cause Analysis for all claims
SpendMend clients enjoy a 59% rate-of-error reduction within 2 years
Hospitals report steep process improvements due to SpendMend
Hospitals reduce resource drain through SpendMend's recommendations
Hospitals negotiate more favorable terms by leveraging audit insights
We offer a proven suite of analytics that provides actionable insights, allowing you to make strategic decisions that save money and improve operations. SpendMend uses insights from your organization as well as from your vendor population to help you retain more revenue while gaining unparalleled visibility into your spend data. Because of our elite capabilities we can pinpoint control gaps and provide opportunities for improvement.