Healthcare Recovery Audits
Specializing in the recovery of lost profits in the Healthcare Procedure-To-Pay Process
Hospitals and Healthcare Systems are constantly in a state of change. Managing your Accounts Payable process through these tides of change are challenging. No matter how efficient your process is, leakage will occur. Partnering with the right Accounts Payable Recovery Audit firm that understands the hospital and healthcare environment is essential. Let our health system AP auditors help you to maximize the recovery of lost dollars and identify control deficiencies to avoid future leakage.
- Continued growth – expansion
- Mergers and acquisitions
- Audit GPO contracts
- Multiple payment systems, system upgrades and changes
- Regulatory requirements and restrictions
- New suppliers and supplier consolidations
- Limited staffing & cost restrictions
How can our healthcare AP audit company help?
Decades of Hospital and Healthcare Recovery Audit Experience
Our management and team of healthcare recovery audit professionals have an extensive background in performing recovery audits for hospital and healthcare systems. This extensive experience includes:
Comprehensive Recovery Audit Solutions
Many firms limit their reviews to typical Accounts Payable Recovery areas such as Duplicate Payments, Statement and Overpayment Audits. Our process is different. We extend our audits well beyond the typical Accounts Payable Recovery Audit engagement. In addition to a Duplicate Payment Audit and a Statement Audit, we dig much deeper and find the majority of our recoveries in areas not typically reviewed by the other firms.
Typical recovery audit categories include:
- Most favored pricing (GPO vs. local supplier agreements)
- Reconciliation of unrealized allowances and rebates
- Review consigned inventory pricing
- Unit price comparison of returns to original purchase
- Review inappropriate handling charges
- Freight & Delivery overcharges
- Product returns
- Formulary Rebates
- Pricing (UOM, Generic, OTC)
- Duplicate payments
- Dosing/Package Size
- Performance Guarantees
Value Added Reporting
At the conclusion of your Healthcare Recovery Audit, SAS will present a comprehensive Engagement Management Report which will provide your company with a detailed overview of your recovery audit engagement results complete with areas reviewed, root cause analysis and process improvement recommendations. Details of our reporting are outlined on the Internal Control Enhancement page.
We have enjoyed much success with our clients from both a cost recovery and go forward profit improvement perspective. Please refer to our Case Studies and Testimonials pages to learn more about how we partnered with our clients to drive recoveries and efficiencies in a variety of industries including Hospitals and Healthcare.