BSI Healthcare has taken the traditional 3-way match a step further. For a comprehensive contract compliance audit, 4 crucial data elements are needed for a thorough review:
Purchase Order + Receiving Document + Invoice + Contract.
Controlling and monitoring pricing and contract terms challenges every organization. Using proven methodologies, superior technology and analytics, BSI Healthcare has performed thousands of contract compliance audits for hundreds of healthcare organizations to identify errors and recover overpayments. The BSI Healthcare team supports supply chain and finance personnel to ensure all negotiated terms are fully realized and both client and supplier are in compliance. BSI Healthcare’s best practice recommendations ensure that overpayments are recovered and process improvements are implemented to eliminate future errors.
Areas of contract compliance recovery include:
- Rebates
- Returns
- Allowances
- Price Variances / Accuracy
- Freight Compliance
- Labor Contracts
- Discounts
A specialized BSI Healthcare team known as the Contract Audit Group performs each contract compliance project. The Contract Audit Group reads and interprets the terms and conditions of each contract agreement; identifies recoverable opportunities; executes the audit of terms and conditions; as well as spearheads the collection of recoverable dollars.
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