Atlanta (PRWEB) July 24, 2006
Oversight Systems Inc., the leading provider of continuous monitoring solutions, today announced its partnership with Spectrum Oversight Advisors, LLC to serve the healthcare market with continuous monitoring solutions that identify, correct and prevent transaction-level errors in financial processes.
"With blue chip healthcare clients and a track record of success, Spectrum Oversight Advisors is the perfect partner for us to introduce the benefits of continuous monitoring and real-time transaction inspection to the healthcare industry," Oversight Systems Vice President of Business Development Chris Rossie said.
Spectrum Oversight Advisors, a national management and services firm focused on healthcare providers, will incorporate the Oversight Systems continuous monitoring platform into its procurement and contract management service offerings. Spectrum’s service offering now combines their healthcare expertise with Oversight’s advanced reasoning engine to enhance the analysis of historical and real-time transactions to ensure contract compliance and eliminate transaction errors, such as incorrect invoicing, improper pricing and unrealized discounts and rebates.
"Spectrum Oversight Advisors conducted an intensive search to find the right technology partner that could compliment our service offering. We intend to jointly develop tools that will incorporate our methodology and industry expertise into a powerful application that will provide our clients with information that will continuously monitor and improve financial performance," said James K. Lawrence, Senior Partner and CEO of Spectrum Oversight Advisors. "Oversight Systems offered the most advanced platform for continuous monitoring that allows us to easily encode Spectrum’s proprietary analysis while also empowering non-technical finance managers to eliminate transaction-level errors from their day-to-day processes.
About Oversight Systems
Oversight Systems takes continuous controls monitoring to the next level by combining controls testing with a real-time transaction inspection to identify the problems in a business process. Oversight’s platform automates the entire life cycle of finding problems in business processes, fixing those problems and proving the problems were resolved. By inspecting each step of individual transactions across systems, Oversight identifies all errors and control violations, drives defect-free processes and sustains Sarbanes-Oxley compliance. For more information, visit http://www.oversightsystems.com.
About Spectrum Oversight Advisors
Spectrum Oversight Advisors, LLC is a national firm offering practical, true experience-based oversight advisory and management services to healthcare providers, based in Atlanta, Georgia. Spectrum specializes in delivering and implementing performance improvement strategies for clients ranging from large Integrated Delivery Networks (IDN’s) to standalone Acute Care facilities. With experience serving for-profit and not-for-profit healthcare providers, our advisors understand the complexity and the daily challenges that face healthcare executives. Spectrum combines services with technology to deliver the performance outcomes necessary to correct immediate issues and to maintain ongoing daily oversight management. Spectrum's Revenue, Expense and Resource Divisions each independently deliver tangible financial results.
For more information, visit http://www.SpectrumOversight.com.