Case Study: Healthcare Company reduces revenue leakage with Alessa by Tier1 Financial Solutions

Alessa for P-Card and Vendor Management

Healthcare Company, a growing organization with more than 10,000 employees serving over 100 communities, was struggling with unexplained revenue leakage caused by control failures in accounts payable and vendor management. After unsuccessful efforts to find the root cause, and while paying $500,000 a year plus commission to a recovery audit firm, the company turned to Alessa, by Tier1 Financial Solutions, for continuous controls monitoring.

Alessa analyzed 100% of the company’s transaction data and uncovered millions in anomalies, including duplicate payments, payments to inactive or blocked vendors, and other vendor and reimbursement issues. By reviewing two years of data, Tier1 Financial Solutions helped Healthcare Company identify an estimated $2.5 million per year in potential anomalies, implement new controls and policies, and eliminate the need for the recovery audit firm, saving hundreds of thousands of dollars annually.