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Memorial Healthcare System attacks vendor fraud and delivers USD2 million ROI over 10 years

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Published on Jun 18, 2013

"As we gained transparency into the vendor vetting process, the staff moved from a clerical role to an analytical role." —David Alexander, vice president of finance, Memorial Healthcare System

Smart is...
Quickly vetting potential vendors to discover any financial or criminal risk Memorial Healthcare System is unlocking new insights to support smarter, more profitable decisions about vendors. The healthcare provider uses a content management system for consolidating accounts payable (AP) processes in tandem with an intelligent analysis system that checks vendor data against more than 800 internal and external databases. This solution not only protects Memorial's financial interests by cross-referencing and validating financial information but also reveals criminal activities and inappropriate or undisclosed vendor relationships with its doctors and employees, helping the company avoid fraud risks.

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