Case Study: Leading Healthcare Company recovers $1.2M and improves AP performance with apexanalytix

Using a recovery audit to fuel continuous improvements

Leading Healthcare Company, a nonprofit medical center operating an 880+-bed hospital and multispecialty academic healthcare science center, wanted to improve accounts payable accuracy and audit nearly four years of payment activity. The team needed to look for duplicate payments and unapplied statement credits across about $7 billion in spending, and turned to apexanalytix for help.

apexanalytix used artificial intelligence technologies to perform a recovery audit of more than 840,000 invoices and nearly 2,600 supplier statements. The engagement identified and recovered $1.2 million from duplicate payments, pricing discrepancies, unclaimed credits, and rebates, while also uncovering root causes and providing reports, metrics, and best-practice recommendations to support ongoing process improvements and future overpayment prevention.