Cost:

Free for HFMA Members
Buy HFMA Membership to Attend

Date:

Jun 18, 2020

Time:

1:00 PM CT

Length:

1 Hr 0 Min

Audience:

Business Partners
Health Plans
Hospitals and Other Providers
Physicians and Other Practitioners

Career Level:

Executive
Experienced Professional
Mid-Senior

Recommended for:

Accounting
Data Analytics
Financial Planning
Healthcare Supply Chain

Delivery Method:

Group Internet Based

Advance Preparation:

None

Prerequisites:

None

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Live Webinar | Overview | Accounting and Financial Reporting

Seven proven tips for eliminating profit loss in your procure-to-pay cycle

Hosted by HFMA

Sponsored by SpendMend
SpendMend
Live Webinar | Overview | Accounting and Financial Reporting

Seven proven tips for eliminating profit loss in your procure-to-pay cycle

Speakers

Description

A 2019 benchmarking survey of 40 of the top 100 U.S. IDN's has revealed that health systems lose up to $1.2 M per every $1B in annual spend. 

This financial leakage persists because hospitals and health systems face constant organizational change while managing highly complex environments while attempting to remain compliant with controls and regulations.

The high level of profit loss is completely avoidable.  Attendees of this webinar will gain insights on the most likely areas where financial leakage occurs in finance, accounts payable procurement and supply chain.

More importantly attendees will also learn key lessons from other hospitals about what they ca do to identify, re verse and prevent the errors from ever happening again.

Sponsored by Spend Mend
After this program, you'll be able to..
  • Identify the most common causes and sources of financial leakage within your hospital's procure-to-pay process
  • Learn from benchmarking analysis from 40 top U.S. IDNs.
  • Gain an understanding of the Dark Data hidden within your company's many different systems and departments
  • Develop a strategy to identify and reduce leakage at your hospital.