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4 Steps to Managing Fraud and Compliance in Healthcare T&E

1reports1reporting sources2022-06-29Update

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Healthcare T&E compliance risks are high; fraud and non-compliance can lead to hefty fines and reputational damage. Finance and travel managers need to strengthen policy enforcement and automated auditing.

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6月29日
  1. SAP Concur Blog
    4 Steps to Managing Fraud and Compliance in Healthcare T&E

    SAP Concur blog highlights that employee T&E fraud can severely damage healthcare organizations' brand reputation. Nearly 20% of T&E expenses fall outside policy. Healthcare workers drive 1,700 miles annually on average, claim 20% more mileage than other industries, and over-estimate mileage by 15%. 58% of respondents are unsure if their company is at risk for global compliance. 33% still spend 76+ hours monthly auditing expense reports. Automation can reduce errors by up to 66% and cut auditing time by as much as 90%.