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April 8, 2021

Supply Chain Interview with Sean Poellnitz - TAG Inc

A Resilient and Agile Supply Chain Led by Sean Poellnitz at Mosaic Life Care

Earlier this year, TAG held a P2P Virtual Healthcare Symposium featuring key healthcare systems leaders in the procure to pay (P2P) process. While this event covered many topics, the industry faced dealing with the COVID-19 pandemic, it only touched the surface of topics regarding crisis management, procurement struggles, and leadership. We recently met up with one of our panelists, Sean Poellnitz, VP of Supply Chain at Mosaic Life Care, to take a deeper dive into some of the ideas and tactics he mentioned during the Symposium. Interview with Sean Poellnitz TAG: Throughout the symposium, you mentioned that your strategy […]

April 6, 2021

Press Release from TAG Inc - The Audit Group

TAG Inc. Announces Record Growth in Q1 2021

ST. LOUIS, April 6, 2021 (Newswire.com) – TAG Inc., the leader in healthcare procure to pay (P2P) optimization, cost savings, and consulting, announced record performance and growth in its 30-year history in Q1 2021. TAG delivered 71% more savings to its health system clients in Q1 2021 than Q1 2020 growing the company’s revenue by 65% during the same periods. “I can’t thank our team enough. Q1’s results were a testament to their hard work and dedication. The best part is that we get to reward them with a company-wide bonus,” states CEO, John Weiss. “This is shaping up to be […]

March 25, 2021

TAG Inc. Announces Strategic Partnership With LAVA Technology Services

ST. LOUIS, March 25, 2021 (Newswire) – TAG Inc., the leader in healthcare procure to pay (P2P) optimization, cost savings, and consulting, announces its strategic partnership with LAVA Technology Services to expand its cost-saving services to health systems across the U.S. This partnership expands the savings potential for new and existing TAG clients by using the buying power and expertise of LAVA experts and engineers to get the lowest available pricing for their telecom, mobile, colocation, cloud, and security services. “We’re excited for the additional savings we can offer our clients – not to mention the increased efficiencies from […]

July 1, 2020

TAG, Inc. Saved Healthcare Systems $6M+ in Two Month Pay-It-Forward Recovery Program

TAG, Inc., formerly The Audit Group, helped healthcare systems recoup over $6,000,000 during its two-month COVID-19 Pay-it-Forward Recovery Program. The program took place in May and June of 2020, providing Accounts Payable (AP) and contract recovery audits at no cost or obligation to healthcare systems and hospitals. What was the Pay-it-forward program? Due to the hardships COVID-19 has placed on healthcare providers, TAG dedicated all of its resources to providing free recovery audits – foregoing revenue from May 1, 2020, through June 30, 2020, for all participating health systems. “This has been the most rewarding venture we’ve done in […]

June 4, 2020

Press Release: TAG, Inc. Saved Healthcare Systems $4M first month of Pay-It-Forward Recovery Program

TAG, Inc., formerly The Audit Group, helped healthcare systems recoup over $4,000,000 during the first month of the COVID-19 Pay-it-Forward Recovery Program. The program runs through the end of June 2020 providing Accounts Payable (AP) and contract recovery audits at no cost or obligation to healthcare systems and hospitals. What is the Pay-it-forward program? Due to the hardships COVID-19 places on healthcare providers, TAG is dedicating all of its resources to providing free recoveries, foregoing revenue from May 1, 2020, through June 30, 2020. \”We are in a fortunate position during these trying times, so I could not think of […]

May 22, 2020

Why Internal Auditing Should Utilize Recovery Audits - TAG Inc - The Audit Group

How Internal Audit Can Utilize Recovery Audits to Assist with Financial Stability

Bulletproofing Hospital Finances amidst COVID-19 Since the COVID-19 outbreak, hospital revenues have dropped an estimated $1.4 billion per day, causing over 200,000 healthcare employees to be furloughed or laid off. Though revenue stability is reportedly increasing, it is unlikely that hospitals will see normalcy anytime in the near future. Even before the COVID-19 outbreak, hospitals routinely lost millions each year from unnecessary and unmitigated financial risks. Hospitals rely largely on Internal Audit to help shore up these risks, but one department alone often cannot handle the overwhelming number of system-wide procedural repairs that need to be made. Generally, gaps that […]

May 1, 2020

Press Release: TAG, Inc. Announces New Program with Free 60-Day Recovery Audits May 1 – June 30

SAINT LOUIS, MO / ACCESSWIRE / April 30, 2020 / TAG, Inc., a leader in Procure-to-Pay optimization announces a free program to ease the financial burden health systems are undergoing during the current COVID-19 pandemic. The Pay-It-Forward program will be offered for a period of 60-days to provide recovery audit services at no cost. \”This is our way of giving back. We are fortunate during these times to have job-security and I want to forward that on to our clients and any other health system in need,\” says CEO, John Weiss, Jr. \”While hospitals are bleeding for revenue, we want […]

March 13, 2020

News Announcement - TAG Inc | The Audit Group

Update: TAG, Inc. Announces Industry Event Schedule for Spring 2020

TAG, Inc announces their attendance in key healthcare events for the spring and summer 2020. Read the press release here. UPDATE: Due to risks associated with large gatherings and the spread of COVID-19, adjustments to event dates have been made and more may come. Current Event Lineup: Spring IDN Summit, April 27-29 in Orlando, Florida National Healthcare CXO Summit, May 17-19 in Miami, Florida RESCHEDULED: Health Connect Partners (HCP) Spring Expo, May 20 – 22 in New Orleans, Louisiana AHRMM, July 26-29 in San Diego, California – Connect with TAG at booth 324 or contact them today to reserve a […]

January 10, 2020

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 less, increasing efficiencies within the financial segments of the organization is becoming more crucial than ever. Moody’s Investor Relations reports a stable outlook for the not-for-profit and public healthcare sector, indicating further expansions through M&A’s. Coupling the M&A generated gain in negotiating power over insurers […]