Baptist Health System Upgrades to Continuous Auditing With ACL AuditExchange
VANCOUVER, British Columbia, Aug. 28, 2012 /PRNewswire/ — ACL Services Ltd. today announced that Baptist Health System, Inc. (BHS), a not-for-profit, 501(c) corporation and one of the largest employers in Alabama, has increased its internal audit team’s overall productivity by upgrading to ACL AuditExchange(TM), a continuous auditing solution. ACL AuditExchange enables the BHS auditors to schedule data extractions, conduct routine analyses and automate reporting, allowing the company’s internal audit team to identify discrepancies and complete audits 10 times faster than before.
BHS must adhere to multiple government regulations and provisions related to payments to physicians. Prior to implementing the new system, on-site audits required hundreds of staff hours to complete, and only identified billing and payment issues that occurred more than 12 months prior. The ACL AuditExchange solution provides BHS with automated analyses that run just 30 days after payments.
“Working with ACL technology has elevated our reputation as a trusted resource within BHS,” said Brantley Synco, Director of Audit Services at BHS. “The internal audit group is increasingly viewed as a business partner that adds significant value to the entire organization.”
According to Synco, automating the compliance audits of nearly 500 credentialed physicians at BHS has been one of the team’s most successful projects to-date.
The team has also implemented other analytics that run on a regular basis to look for duplicate invoices and other red flags. Widespread knowledge that BHS tests every transaction and has strong internal controls is serving as a powerful weapon against fraud.
To read the full case study, visit www.acl.com/BHS.
- To learn more about ACL AuditExchange, visit: www.acl.com/ax
- To see who else is using AuditExchange, visit our AX customer gallery: www.acl.com/axgallery
- To read the latest on business assurance, compliance, risk, fraud detection, and internal audit, visit the ACL Blog: www.acl.com/blog
- Follow @ACLServices on Twitter
- Like ACL Services on Facebook www.facebook.com/ACLServices
About ACL Services Ltd.
ACL Services Ltd. is the leading provider of end-to-end technology for audit and compliance professionals. With a history of helping organizations gain insight into business risk with world-class analytic solutions, ACL’s expanded product portfolio now includes technology to help automate business assurance processes across the enterprise. This includes seamless analytic, audit management and dashboard capabilities. Together, ACL’s integrated suite of products provides the simplicity, productivity, and increased transparency that result in better audits and corporate risk management.
ACL delivers its solutions to 14,700 organizations in over 150 countries through a global network of ACL offices and channel partners. Our customers include 98 percent of Fortune 100 companies, 89 percent of the Fortune 500 and over two-thirds of the Global 500, as well as hundreds of national, state and local governments, and the Big Four public accounting firms. Visit us online at www.acl.com.
© 2012 ACL Services Ltd. ACL and the ACL logo are registered trademarks of ACL Services Ltd. All other company and product names are trademarks of their respective owners.
SOURCE ACL Services Ltd.