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April 9, 2024

Press Release from TAG Inc - The Audit Group

TAG, Inc. Expands Team and Services for Enhanced Healthcare Solutions

TAG, Inc. is proud to announce significant growth initiatives as it prepares for the expansion of its service line and deeper penetration into the market. The company has expanded its team to accommodate increased demand and to drive innovation and excellence in its offerings. Over the past year, TAG has experienced a 16 percent growth in team members and has plans to expand that growth to 30 percent in the next quarter. The company is actively hiring for two positions; applicants can apply here.

March 27, 2024

Supporting Our Community: TAG Inc. Sponsors AdventHealth Foundation’s Golf Fundraiser

TAG, Inc. is proud to announce its sponsorship of the Sixth Annual AdventHealth Golf Classic, hosted by AdventHealth Foundation Central Florida. As a gold event sponsor, TAG, Inc. will sponsor two holes and field three teams comprising key members of AdventHealth’s Finance and Supply Chain teams alongside representatives from our company. The event, scheduled for May 10, 2024, at the Reunion Resort and Golf Club, brings together 250 community partners and AdventHealth leaders for a day of golf and philanthropy. Proceeds from the event will support AdventHealth Foundation Central Florida’s mission to provide comprehensive whole-person care and ensure vital community programs continue to thrive.

December 14, 2023

Procure-to-Pay 2024 Outlook for Health Systems - TAG Inc

Procure-to-Pay Outlook for Health Systems for 2024

Health systems face a constant challenge: ensuring efficient and cost-effective operations while maintaining the highest quality of care for patients. At the heart of this challenge lies the procure-to-pay (P2P) process, a critical component of supply chain management and cash flow. Procure-to-pay transformed to adapt post-pandemic, driven by technology and the healthcare supply chain’s growing complexity in recent years. As we move into 2024, several key trends shape the P2P landscape for hospitals and health systems. Read on to learn more. Impacts on Procure-to-Pay in 2024 Despite a promising outlook for P2P in healthcare, acknowledging ongoing challenges empowers leaders to […]

September 28, 2023

How to Create a Culture Prioritizing Work-Life Balance

How do you increase your team’s productivity while decreasing burnout? Studies continue to show that leaders who prioritize a work-life balance achieve an increase in productivity by an average of 13 percent. But how do you accomplish this? 5 Ways to Create a Culture that Prioritizes Work-Life Balance Promote Flexibility Creating flexibility acknowledges the diverse needs of your team members and accommodates a better work-life balance. With balance, team members can become better workers, parents, friends, caregivers, volunteers, or other roles they lead throughout their lives. How can leaders promote flexibility in their teams? Provide flexible hours. For example, provide […]

August 24, 2023

Choosing the Right Recovery-Audit Company for your Health System

How to Choose the Right Company to Perform Your Next Recovery Audit

Health systems and hospitals leak over $2B* annually – above the average annual hospital expenditure. While some leaked funds will be lost forever, healthcare leaders can partner with third-party companies to perform a diagnostic recovery audit and get up to 25 percent of the leaked funds back. Recovery audits are a vital tool for identifying and recovering this lost revenue. By systematically examining financial and operational data, recovery audits can help healthcare organizations identify errors and prevent future financial leakage. However, not all companies that perform recovery audits are created equal. When choosing a partner, consider several factors, including healthcare […]

July 17, 2023

Use caution when using OCR tool in your procure to pay process

The Power and Pitfalls of OCR Tools in Healthcare Procure to Pay

In the fast-paced world of healthcare auditing, automation has emerged as an invaluable asset. Keeping up with the advancements in AI technology is crucial, along with understanding its limitations. Optical Character Recognition (OCR) is a key success factor in procure to pay (P2P) automation. OCR tools have revolutionized how documents are processed, enabling greater efficiency and accuracy. However, it’s important to exercise caution when relying solely on OCR tools for automation. OCR converts scanned or photographed documents into editable text. As an indispensable tool for healthcare Accounts Payable (AP) and Supply Chain departments, OCR expedites the otherwise time-consuming process of […]

June 9, 2023

TAG, Inc. to Attend HFMA and AHRMM 2023 Conferences

ST. LOUIS, June 7, 2023 (Newswire.com) – TAG, Inc., the leader in healthcare procure to pay (P2P) optimization, cost savings, and consulting, announces its sponsorship and attendance at upcoming industry events. TAG is sponsoring the HFMA Annual Conference 2023, held in Nashville, Tennessee, from June 25-28. This conference brings together the brightest minds in healthcare finance and supply chain management, creating a platform for collaboration, innovation, and transformative discussions. On top of sponsoring the weekend, TAG will be present in booth 907. “We are excited for the opportunity to engage with industry leaders to share our insights and expertise that continue to shape the […]

April 14, 2023

Centralized AP vs Decentralized AP at Healthcare Systems - TAG Inc

Centralized AP vs Decentralized AP at your Healthcare System

Does your health system operate a centralized Accounts Payable (AP) department or run decentralized departments and systems? Is your current structure effective and efficient, or is money being leaked through your AP operations? Understanding how your health system’s AP operates and the benefit of different operating models is essential to decision-making. It takes AP one step closer to obtaining a holistic view of its function, what it could improve upon, and where it already excels. What AP Structure is your Health System Using? Centralized AP A truly centralized AP exists when all AP functions and staff across all entities inside […]

March 28, 2023

TAG, Inc. Selected as One of the MOST RELIABLE Firms in St. Louis

TAG, Inc., a leading provider of healthcare procure-to-pay solutions, is proud to announce its sponsorship of the Sixth Annual AdventHealth Golf Classic, hosted by AdventHealth Foundation Central Florida. As a gold event sponsor, TAG, Inc. will sponsor two holes and field three teams comprising key members of AdventHealth’s Finance and Supply Chain teams alongside representatives from our company. The event, scheduled for May 10, 2024, at the Reunion Resort and Golf Club, brings together 250 community partners and AdventHealth leaders for a day of golf and philanthropy. Proceeds from the event will support AdventHealth Foundation Central Florida’s mission to provide comprehensive whole-person care and ensure vital community programs continue to thrive.