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- Recovery Audits
How to Choose Healthcare Accounts Payable Recovery Audit Contractors: 5 Things That Matter
The right accounts payable recovery audit contractor can assist in identifying and recuperating funds lost in the procure to pay process. A well-selected provider should not only recover lost overpayments but also contribute to the overall efficiency and compliance of your healthcare financial operations. Five essential factors should be considered when you’re ready to choose your audit firm: industry expertise and experience, communication and responsiveness, technology capabilities, level of self-sufficiency, and the firm’s approach to data gathering.
5 Core Values That Deliver Measurable Recovery Audit Results for Our Clients
For nearly 20 years, Premier Cost Recovery has served healthcare systems across the country. In fact, we were one of the early firms to focus exclusively on health care recovery audits.
We not only developed proprietary data-gathering and analysis techniques to deliver some of the highest recovery rates in the industry, we also developed a recovery audit process that’s shaped by the five core values that drive our company.
What is an Accounts Payable Recovery Audit?
An accounts payable recovery audit is a comprehensive review of procurement to payment transactions. The purpose is to recover funds sitting with vendors due to a variety of overpayments. Premier Cost Recovery generally recovers $1000/staffed bed in a typical healthcare system.
