Date Acquired: January 2018
SpendMend (the “Company”) provides cost recovery and spend visibility services to healthcare clients nationwide. Through the use of data and analytics, SpendMend is able to identify gaps in a healthcare system’s payment processes that cause financial “leakage” in the organization. Once identified, the Company uses this information to recover excess spend for its clients over a period of time. Unlike other competitors, SpendMend takes the recovery process one step further and provides the findings of its work to the customer. By offering more than a typical audit recovery firm and providing a path to prevention for its clients, SpendMend has become an integral part of the procurement and finance processes at the systems they work with.