Why does the returned goods process lose millions?
On average, each year health care systems return 4% of the products they purchase. Of those returned products, 7% does not get credited back by the vendors which ends up being a loss of $700,000,000 each year. The returned goods process is a simple concept – return the product to get your money back but if the process isn’t managed correct the money lost is significant. This white paper reviews the importance of establishing and following a returned goods process and using internal reviews to keep you on track.
Agenda
Faculty
Bradley Wright
TAG, Inc.
- Manager of Client Solutions at TAG, Inc. and has been with TAG for over 7 years
- Specializes in delivering cost savings to a wide array of clients as well as comprehensive consulting in the P2P space; in his career he has delivered over $20M in cost savings for his clients
- He is an expert in assessing the functionality of returned goods processes in the health care space and developed TAG’s returned goods implementation service
- Also very well versed in assisting health systems with ERP system conversions and the often-complicated go-live process
- Written blogs and given presentations on returned goods and also presented at national conferences, such as AHIA 2019, on the power of using data analytics to mitigate risk within a health care organization
- M.B.A. degrees, B.A. degree in accounting, and B.A. degree in finance, University of Central Missouri
- Can be contacted at 636-219-6359 or [email protected]
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
Thank You!
Download White PaperMore Program Information
Access to all training products $699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
