duplicate vendor payments

Ensuring the accuracy and integrity of accounts payable processes is key to reducing duplicate vendor payments for your healthcare system. Duplicate payments represent a significant challenge, often resulting from human error, system glitches, or inefficiencies in internal controls.

Our experts conduct a root-cause analysis to identify any systemic issues, process gaps, or human errors contributing to the occurrences of duplicate payments.

During the Duplicate Vendor Payment Auditing phase of each AP recovery audit, we:

  • Audit the primary vendor database to ensure there is only one entry per vendor
  • Run an exception report to analyze all invoices and identify any instances of duplicate payments 
  • Establish pattern criteria such as identical PO and invoice numbers, invoices dates, and invoice amounts and analyze invoices to find duplicate payments 
  • Provide clear recommendations for on-going vendor management and keying policies in our final audit report

 

Navigating the tangled mess of existing duplicate vendor payments and developing systems to mitigate input errors and promote accuracy can be daunting but with over 19 years’ experience solely in the healthcare industry, a large network of industry vendor contacts, and the emotional intelligence to help enhance relationships with each of your vendors, we are the right partner for your AP Recovery Audit.

Our Duplicate Payment Identification case study outlines how we’ve helped a multi-billion dollar regional healthcare system recover over $2,700 per staffed bed, including duplicate payments, that would otherwise have been lost.

Premier Cost Recovery can help your organization uncover duplicate payments and recoup lost funds, enhance financial accuracy and strengthen your payment processes to prevent future errors.

establish or improve your keying policies to mitigate errors & promote accuracy

PCR Recovers More

Unobtrusive Audit

Our team is dedicated to providing personalized, responsive support by working seamlessly with our clients for low-touch, high-impact service that delivers measurable results.

Vendor Relationships

We recognize and respect the relationships you've built with each vendor. That's why we represent your firm in a manner that's consistent with your corporate culture when we work with your suppliers.

Proprietary Process

We go beyond simple statement reviews and harness the power of data analytics and utilize proprietary technologies to deliver some of the highest recovery rates in the industry

Action Plan

Each audit report includes metrics in addition to recommendations to reduce financial leakage and improve the overall efficiency and compliance of your healthcare financial operations

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Focused Solely on the Healthcare Industry
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Days to Realize First Recovered Dollar
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Recovered Per Staffed Bed on Average
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Minutes Per Week Spent Reviewing Recoveries
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Days to Complete Most Recovery Audits

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