Top 5 Healthcare Procure-to-Pay Trends to Look for in 2020
2020 is expected to be another year of transition for healthcare providers as systems continue to evolve through mergers and acquisitions (M&A), restructures, and strategic shifting of resources. These types of transitions affect every aspect of a health system’s business operations, including the entire Procure-to-Pay (P2P) landscape. As hospitals continually attempt to do more with […]
TAG’s Mike Nisivoccia to Speak at NEHIA 2019
TAG Inc., The Audit Group, remains dedicated to helping health systems achieve efficiency and savings by specializing in cost control, risk mitigation, and process improvement in the Procure-to-Pay (P2P) space. To do this we partner with organizations to share our 30+ years of healthcare knowledge in the Supply Chain and AP ecosystem. During this year’s […]
How to Perform a Vendor Master Cleanse in Your Health System
We recently published a blog discussing the impact of outdated and incomplete vendor master files. Your vendor master reduces the risk of fraud and payment errors for health systems. Now we walk you through the laborious steps involved in cleaning up, validating, and maintaining your vendor master. STEP 1: Inspect the Current Vendor Master File […]
What You Don’t Know Can Hurt You: Prevent Overpayments under the False Claims Act
In today’s healthcare landscape, the government funds over two-thirds of all provider costs, totaling over $3.5 trillion annually. Generally, the Center for Medicare and Medicaid Services (CMS) manages the payment of these claims. In an effort to maintain integrity in the current healthcare system, providers are responsible for determining whether the submitted claims are paid […]
Five Reasons to Perform a Vendor Master Cleanse
On average, health systems work with over 27,500 vendors at a given time with seven percent of those vendors changing their name, affiliation, or standing on an annual basis. With such a large number and variability of vendors, managing vendor data can quickly become cumbersome for an organization’s Accounts Payable (AP) department creating exposure to […]
TAG Inc. to Present at the 2019 AHIA Annual Conference
TAG Inc., The Audit Group, remains dedicated to helping health systems perform at their best by specializing in cost control, risk mitigation, and process improvement in the Procure-to-Pay space. Part of this effort means educating the industry on best practices and providing information to healthcare systems that enables them to make proactive improvements on their […]
Top 5 Ways to Protect Against Duplicate Payments
Duplicate payments have been among one of the leading sources of leaking resources in healthcare systems for decades. Health systems in the United States lose over $500 million to duplicate payments annually. That’s right, duplicate payments are a half-billion-dollar per year mistake. Imagine what your healthcare organization could do if they saved those funds each […]