Press Release – updated: Sep 2, 2020 10:00 EDT
GRAND RAPIDS, Mich., September 2, 2020 (Newswire.com) – SpendMend, a leading provider of solutions to optimize the cost-cycle for the healthcare industry, has been awarded a group purchasing agreement for Profit Recovery Auditing with Conductiv Contracts.
Effective July 29, 2020, the new agreement allows Conductiv Contracts members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Conductiv Contracts for Profit Recovery Auditing services.
“In today’s environment, U.S. hospitals are searching for solutions to stop financial leakage with minimal impact to their operations,” states Al Brander, CSO of SpendMend and former CNO at a top-10 U.S. hospital, “SpendMend is proud to be the first-ever supplier signed by Conductiv Contracts. We look forward to this opportunity to drive maximum value back to hospitals and healthcare networks across the country.”
SpendMend’s Recovery Auditing solution is part of a complete suite of services including Ex-plant Warranty Tracking, Sales & Use Tax Auditing and other services that deliver visibility, insight and optimization into the cost-cycle to help hospitals control costs, reduce risk and better fund patient care.
Conductiv Contracts is a leading third-party spend improvement company, uniting an alliance of buyers and suppliers to transform the acquisition of services. With integrated data and analytics, supply chain solutions, advisory and managed services, and a secondary GPO dedicated to activating service contracts, Conductiv unlocks operational efficiencies that have earned its customers more than $800 million in contract savings.