Specializing in The Recovery Of Lost Profits in the Healthcare Procure-To-Pay Process
Most hospitals and healthcare systems are constantly challenged by supply shortages, public health issues, staffing concerns and financial impacts among other things. Managing your Accounts Payable process through these tides of change are also 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:
- Audit of All GPO, Distributors, And Local Supplier Purchases & Payments
- Broad Rx Experience
- Data Proficient In All ERP Systems / Experts At Working With Multiple ERP’s & Data Sets
- Pricing Overpayment And Trend Analysis Within And Across Suppliers
- Audit Of Complex Contracts With Suppliers In Both Direct And Indirect Procurement Categories
- Proven And Successful Recovery Audit Techniques
- Decades Of Experience With Healthcare Suppliers
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:
Medical & Surgical Supplies
- 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 Management Report which will provide your organization with detailed findings of your Recovery Audit engagement complete with areas reviewed, root cause analysis and process improvement recommendations. Details of our reporting are outlined on the Reporting page.
We have accomplished much success with our clients including funds recovery and go-forward process improvement and risk mitigation recommendations. Please refer to our Testimonials pages to learn more about how we partnered with our clients to drive recoveries and efficiencies in this highly specialized industry.
I genuinely love what I do and am privileged to work with outstanding people every day. Our clients are all challenged with the current environment, and we appreciate the opportunity to support them. I am proud of my team and the effort they put into recovering funds for our clients. They represent our company and clients in the most professional way with everything they do. And our Senior Leadership supports our teams with the tools and environment to be successful doing a job we all love.
-Mitch Blau, Director – Healthcare Auditing
See what our clients say...
I have used AP Recovery Audit firms in the past and I was extremely pleased with SAS services and absolutely loved Mitch. The meetings were extremely productive, and Mitch offered a lot of advice on best practices. His team was also great with following up, communication and knew their way around PeopleSoft. The Vault is extremely user friendly and provides great reporting & audit trail. I highly recommend SAS for AP Audits.
- Sanchere Evans Manager Accounts Payable, Tampa General Hospital
I was highly impressed with the professionalism and responsiveness of the entire SAS team. The A/P recovery audit was well managed, minimally disruptive to operations, and identified unexpected recovery dollars and patterns enabling further tightening of controls and processes. The lead on the engagement was highly proficient with the software we use and required no training on our systems. I would highly recommend SAS for an A/P recovery engagement.
- Mark D. Schneider, CPA, CHFP, FHFMA Controller, Huntsville Hospital Health System
Our company has partnered with Strategic Audit Solutions, Inc. for 10 years. They have identified and helped us recover a significant amount of errors made in payments to our suppliers. They work professionally and seamlessly with both our internal staff and vendors. SAS has provided us with the critical information needed to make internal system and procedural enhancements which allowed us to minimize future payments to our suppliers.
The SAS team members are easy to work with. They recognize the time constraints of our staff and require minimal effort on our part to conduct the review. The claim documentation supplied to our vendors is accurate, well-supported and easy to understand. Our vendors are able to validate their claims with minimal effort. Because of their knowledge of our systems and data. we have also partnered with SAS for many special projects.
I highly endorse Strategic Audit Solutions, Inc.
- Nadia Stern Senior Vice President Procurement, Innocor, Inc.
SAS and Mitch Blau are the best in the industry. They strive to be a true partner with our organization and always have our best interests at the forefront.
- John Stone AVP, Accounts Payable, Jefferson Health
Our experience with SAS was both great and profitable! From the initial conversations and presentations, SAS proved to be flexible to our needs and asks while also balancing the uniqueness of our business. Having crossed paths with many AP Audit firms, I would strongly recommend SAS!
- Mike Scott Director of Transactional Accounting, Paradies Lagardère