The Hidden Cost of Correcting Historical Accounting Errors
Why hospitals can no longer afford spreadsheet-driven account remediation and how AI is helping mid-sized finance teams cut audit prep by 85%.
Healthcare finance teams spend too much time on manual tasks like correcting miscodings, reconciling entries, and preparing for audits with outdated tools. This white paper highlights the hidden costs:
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30% of finance hours spent on remediation
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40% of analyst time spent gathering, not analyzing data
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Major remediations cost $0.5–3M and reduce net income by ~$16M
It also shows how AI tools like AuditFlow™ can:
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Detect anomalies in GL data in minutes
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Cut remediation time by up to 85%
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Accelerate the monthly close by up to 7 days
This paper explains how automation provides strategic leverage for lean finance teams.
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