U.S. News A 2012 report by the National Academy of Medicine estimates that nationwide, $765 billion of medical supplies are wasted every year. Many of these thrown away items are in perfectly usable condition, and this massive waste contributes directly to rising healthcare costs. One organization, Partners for World Health, has spent the last decade providing much needed medical equipment …
Post-Payment Review: Understanding the Process
Today’s Wound Clinic Post-payment reviews are a regular occurrence across healthcare facilities of all kinds, and can apply to payments from commercial insurers, workers’ comp, Medicare/Medicaid, and so on. Depending on the type of claim, type of payment, and type of organization, however, these audits can come from different places and have different requirements. This comprehensive overview of auditor types …
Belmero’s Supplier Returns Managed Service Moves to Performance Based Pricing
Businesses across the world are facing unprecedented challenges in the wake of the COVID-19 pandemic, and the resulting economic impact for industries of all kinds. In an effort to better serve our customers and provide agile solutions to companies who need assistance with supplier returns, we’re unveiling a new pricing model based entirely on performance. This new pricing structure has …
Recovering Vendor Returns
Dealing with Vendor Returns can be a challenge. Any business that gets products from an outside Supplier will likely have to deal with Returns eventually, but without a strong process in place, plenty can go wrong – and that means leaving money on the table and hurting your company’s bottom line. The potential difficulties can be numerous. Properly processing a …
Belmero Supplier Returns SaaS
Belmero offers two solutions: 1) Fully Managed Service and 2) SaaS technology. The Belmero Supplier Returns Managed Service ensures that you are protected from financial leakage by merging people, processes, technology, and governance to create a fully managed service that takes care of all aspects of supplier returns. Belmero’s mission is to significantly improve the accuracy, amount, and speed of …
Software Signs That Your Company is Leaking Money
Materials Management (MM) systems and Enterprise Resource Planning (ERP) systems are crucial for the success of nearly every industry, from healthcare to manufacturing and beyond. ERP software, when stripped down to the basics, is a comprehensive system of operations that spans the entirety of a company to produce driven results, and ideally, a healthy return on investment. However, just having …
Reporting and Business Intelligence Signs That Your Company is Leaking Money
Supplier Returns can be tricky. As we’ve covered previously, this is an area that can cause over millions of dollars in financial leakage a year and most are not aware of it. It’s off the financial books, and companies don’t have the necessary reporting and business intelligence to identify the issue – or its true impact. The following are questions …
Organizational Signs That Your Company is Leaking Money
The financial health of your business is critical for long-term success. Too often, however, small organizational problems go unaddressed – and without the company noticing, those issues are responsible for money leaking – even hemorrhaging – out of the business. Plugging these leaks should be a top priority for any organization, but first you have to identify them. Here are …
Belmero’s Supplier Returns Managed Service Results
85% of organizations are leaving money on their Suppliers table. For some organizations, this can amount to millions of dollars each and every year! What makes matters worse is that most organizations don’t even realize it. Why? Supplier returns/credits are not tracked in any account on the financial books, so there’s no visibility for what’s in process or what should …
How Can Workday Consulting Make Your Company Better?
Enterprise Resource Planning, or ERP, is software that collects and processes data specific to running businesses. These processes include analysis and distribution of vital information to enable the fulfillment of business undertakings such as procurement, payroll, budgeting, customer service, and risk management. Efficient ERP systems reduce IT costs exponentially based on the efficient handling of data. Examples of software with …
