REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
October 22, 2024
FROM
ANDREW GOLDFRACH, ARMC Chief Executive Officer, Arrowhead Regional Medical Center
SUBJECT
Title
Contract with Premier Cost Recovery, Inc., for Accounts Payable Recovery Services
End
RECOMMENDATION(S)
Recommendation
Approve Contract with Premier Cost Recovery, Inc. to provide Accounts Payable Recovery Services for Arrowhead Regional Medical Center's Accounting Department, in the total amount not-to-exceed $1,000,000, from the date of execution by both parties for a period of three years.
(Presenter: Andrew Goldfrach, ARMC Chief Executive Officer, 580-6150)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
FINANCIAL IMPACT
Approval of this item will not result in the use of Discretionary General Funding (Net County Cost). The cost of $1,000,000 is funded by State Medi-Cal, Federal Medicare, private insurances, and other departmental revenue. Funding sources may change in the future pending any legislative activity related to the repeal and/or replacement of the Affordable Care Act. Adequate appropriation and revenue have been included in the Arrowhead Regional Medical Center (ARMC) 2024-25 budget and will be included in future recommended budgets.
BACKGROUND INFORMATION
Approval of the contract with Premier Cost Recovery, Inc. (PCR) provides ARMC with accounts payable analysis and recovery services, with the goal of identifying and improving procedures and processes for future over and duplicate payment recovery. PCR will be responsible for the analyzing and recovering duplicate payments, overpayments, contract price variances, and missed discounts. This contract will not involve collection services related to medical billing for provided to ARMC patients.
PCR will provide a comprehensive review of the procurement and payment processes to recover al...
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