We know that these are challenging times in healthcare post-pandemic. Hospitals are struggling to find black ink. We are pleased to announce that we are offering several new services that can provide help to your Operating income. Several of these programs are offered with NO UPFRONT FEES.
Accounts Payable & Contract Review
Have you ever wondered if your facility is overpaying for its goods and services? Are your vendors billing according to your contract terms? Is your AP Dept paying invoices correctly? These are questions that ABLM can answer. We will review your contracts, supply chain PO’s and your AP information to ensure you are not overpaying for your goods and services. ABLM has identified Millions in overpayments and errors for our clients. This service is only billed when savings are found. There is no upfront cost to your organization.
Managed Care Payment Review
ABLM will review all your payments received from Managed Care/Commercial Payors for accuracy & proper remittance. Often times Providers do not have the time or personnel to review all payments for accuracy. We will go in & review your payments received vs. the contract terms to ensure accuracy. We often find errors to the benefit of the Managed Care company, which if paid properly would go to you! Let us do the legwork for you, you pay nothing unless we find something.
Self-Funded Pharmacy Cost Review
Does your facility have Self-Funded Pharmacy Costs for your employees? ABLM has a program that will review your pharmacy costs and determine for free if your facility can save money. This program reviews your actual pharmacy costs to determine if a PBM can provide those same services at a reduced amount. There is no cost to your facility. All costs are paid by your current or new PBM. This program has been around since 2007 and on average returns 20% in savings per year over your current costs.
Not for Profit Bond Compliance Certification
If your facility has Not-For-Profit Bonds, then you should be reporting your Private Business Use (PBU) on your Annual 990 tax return. If you do not have a formal set of policies and procedures for calculating and documenting this statistic for the life of the bond issuance, or if you think your PBU % is greater than the allowed 5%, ABLM can help. ABLM can help setup procedures to calculate this percentage and provide formal documentation to be used in reporting the required items for your 990.