Case Study: Compliance Contracts – Payment on Canceled Contract

PCR Case Study: payment on Canceled Contract & Compliance of Contracts

During the review process of vendor payments, PCR’s analyst discovered a significant payment made for software services. Suspecting irregularities, the analyst requested a statement from the vendor to validate the account status. Upon examination, the analyst noticed a $400,000 credit sitting on the vendor’s account. PCR successfully advocated for a refund check from the vendor, aiming to rectify the erroneous payment and restore financial integrity to the healthcare system’s accounts payable process.

Keying Policies Can be the KEY to Reducing Duplicate Payments for your Healthcare System

Keying policies can be the key to reducing duplicate payments for healthcare systems

When it comes to duplicate payments, the devil is in the details. And in this case, the details are all the common errors that can pop up when your team is entering accounts payable (AP) data and supplier information into the system. Even with basic ERP validations, these errors can quickly add up and cost your healthcare system thousands of dollars each year in the form of duplicate payments. While keying mistakes are bound to happen, there are a few things you can do to mitigate data input errors and promote accuracy.

Case Study: Duplicate Payment Identification

PCR AP Healthcare Recovery Audits include Duplicate Payment Identification

During the course of a full-scale AP recovery audit conducted for a multi-billion dollar regional healthcare organization that had recently switched ERP systems, Premier Cost Recovery identified multiple instances of duplicate payments. We were able to recover over $2,700 per staffed bed total recovery for our client.

Uncovering the Advantages and Disadvantages of Blanket Purchase Orders

Uncovering the Advantages and Disadvantages of Blanket Purchase Orders in Health System AP and Supply Chain Processes

While you may have heard that blanket POs are a big “no-no” when it comes to health system AP and Supply Chain processes, there are circumstances where they do make sense. The key is knowing when and how to use them effectively. We took a look at our data over the past ten years and came up with the following do’s and don’ts for blanket POs.

Case Study: Sales Tax Credit

Sales Tax Credit Case Study

During the course of a full-scale AP recovery audit, Premier Cost Recovery discovered a multi-billion dollar regional healthcare system had not maintained its sales-exempt certificate with several utility providers. This oversight on behalf of the client resulted in overpayment of sales taxes and lost funds. Premier Cost Recovery was able to recover more than $290K in sales tax charges for our client.

Case Study: Vendor Pricing Credit

Premier Cost Recovery was contracted to conduct an AP recovery audit to recoup any overpayments and lost funds in the procurement to payment cycle for a billion dollar regional healthcare system. An accounts payable recovery audit had not been completed for years and in light of the client’s change in GPO providers two years earlier, the supply chain consulting firm recommended Premier Cost Recovery for a full-scale AP recovery audit. Working with each vendor directly, PCR recovered more than $220K in combined pricing credits for our client.

Can’t afford the time to track AP overpayments?

In today’s healthcare environment, every penny counts. Increasing expenses and regulatory requirements, and the ongoing labor shortage, continue to challenge hospital systems across the country. Finding the time for your team to review your AP and supply chain processes for overpayments, missing rebates, trade-in allowances and more, and then contacting vendors and others to reclaim funds often gets pushed down the priority list. There’s a simple solution. And that’s having an external AP Recovery Audit partner to do the work for you.