Correct 5 Top Hidden Financial Waste Areas in Hospital, Healthcare System P2P Processes
The Fall 2014 issue of the Greater St. Louis HFMA newsletter, carries an article by TAG Founder and CEO John Weiss. John discusses five areas of hidden financial waste in hospital and healthcare system Procurement-to-Payment processes with recommended corrective actions. Full Article: Gateway Gatherings, Fall 2014
Dollars On the Table: Why You Need to Look at Returned Goods, by TAG VP Shay Corcia
In the leading industry journal from the Association of Healthcare Internal Auditors, TAG's Vice-President--Southeast Region, Shay Corcia, describes how hospitals can lose funds through inefficiencies and lack of follow-up when returning goods to vendors. He presents a model for an effective returned goods process, and demonstrates how to track returns to ensure that vendor credits are received and applied to hospital accounts. Also included: The Top 5 reasons returned goods refunds are not collected.
Full Article: AHIA New Perspectives On Healthcare Risk, Control and Governance; Fall 2013