Enhanced company-wide spend visibility, 25% supplier compression, and 99.5% spend classification
A large healthcare services provider in Tennessee, with close to 90 campuses in 30 states and $5B+ in revenue had no system in place to track billing practices or identify missed charges. The client was looking for a solution to quickly stop revenue leakage without having to roll out a new platform.
With only 35 faculty of the 89 utilizing the tool, auditors were able to confirm $9.7 million. Prioritized daily workload so auditors could confirm and resolve missed charges that yielded the highest returns at the most efficient rate.
$9.7m+ in confirmed missed charges. 100% of outpatient accounts analyzed through automated pre-bill and post-bill process.