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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 from TAG Inc - The Audit Group

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 […]

November 27, 2019

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 NEHIA (New England Healthcare Internal Auditors) annual conference, Mike Nisivoccia, Director, Business Development at TAG, will speak about decreasing financial risk in the P2P process. The presentation will also address the areas where IDNs face the largest risks, how to identify and quantify them, and […]

June 19, 2019

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 own. As part of this effort, TAG experts are participating in three presentations during this year’s AHIA Annual Conference, September 15-18, 2019 in Nashville, Tennessee. This marks AHIA’s (The Association of Healthcare Internal Auditors) 38th Conference, which is held each year to provide a knowledge […]

December 19, 2013

KU Medical Center Selects The Audit Group for AP/Purchasing Review

UNIVERSITY OF KANSAS MEDICAL CENTER SELECTS THE AUDIT GROUP FOR ACCOUNTS PAYABLE/PURCHASING REVIEW AND PROCESS IMPROVEMENT The University of Kansas Medical Center in Kansas City, Kansas recently chose The Audit Group, Inc. (TAG) of Chesterfield, MO to conduct a review of its accounts payable and purchasing stream for fund recoveries and process improvements.The KU medical center serves Kansans through its teaching program, medical care, and research facilities. It has primary teaching and care facilities in suburban Kansas City, Wichita, and Salina, KS. Its JayDoc Free Clinic in Wyandotte County, KS is staffed by medical students and serves 2,000 uninsured county […]