Recouping Costs Year Over Year
Situation
Three years ago, Michigan’s largest healthcare system was looking to modernize its TEM solution. The organization’s previous TEM provider processed all invoices, payments, audits and reconciliations manually – which led to a significant waste of resources, missed savings opportunities and general inefficiencies.
The healthcare system wanted to implement a new, fully managed TEM platform that leveraged cutting-edge technology and automation to deliver improved cost savings and facilitated an increase in the capacity of its personnel.
Solution
The healthcare system chose AMI’s cloud-based Telecom Expense Management solution as its new TEM provider.
Following a rapid, 90-day setup, AMI hit the ground running – automating invoice processing and dispute resolution, and discovering thousands in previously missed savings.
In fact, since the inception of this partnership AMI’s platform has reviewed more than 200,000 billing exceptions and empowered Michigan’s largest healthcare system to recover significant savings year after year:
- Savings in 2017 = $450,000
- Savings in 2018 = $3,900,000
- Savings in 2019 = $1,000,000
CLIENT
One of Michigan’s Largest Healthcare Systems
INDUSTRY
Healthcare
IMPLEMENTATION/ SERVICES
temNOW
RESULTS
Significant savings year after year:
-Savings in 2017 =
$450,000
-Savings in 2018 = $3,900,000
-Savings in 2019 = $1,000,000