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Webinar: Contract Compliance Review: Minimize Costs & Risks

 

Contract Compliance Review: Minimize Costs and Risks


Presented by:
Jason Anstead, CPA - Vanderbilt University Medical Center
Summer Buchanan - Vanderbilt University Medical Center

This presentation will take place on Thursday, October 17, 2019 at 1:00pm Eastern time (12:00 pm Central time). 
This is a FREE webinar for all AHIA members! Non-members - $49 or Join AHIA today to take advantage of this benefit!
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Please Note: Registration will close one hour prior to the live event on Thursday, October 17th. 

Session Description: 

Internal Audit is in a unique position to provide an independent examination of compliance with key contract terms. This analysis can be an efficient and effective way for Internal Audit to help with contract re-negotiation, potentially saving the institution money, while also ensuring both parties are meeting financial, operational and patient safety expectations. We will discuss the 5 W's of contract reviews including: "Who" should be involved; "What" key contract terms have the most risk to your organization; "When" timing of contract reviews to provide the most impact; "Where" the focus for Internal Audit should be, in order to remain efficient and effective, and "Why" should management include Internal Audit in contracting processes. We will provide practical suggestions for planning and execution of the reviews and discuss audit findings and results of contract compliance reviews we have performed.

Learning Objectives:
Following this discussion, participants will be able to:

  • Develop selection criteria for reviews, including who to involve, and when. 
  • Demonstrate practical suggestions on identifying and auditing key contract terms.
  • Discuss case studies - savings achieved and risks mitigated.


Program Level:
 All

Field of Study: Auditing

Prerequisites: None

Who should attend: All levels of internal audit who have an interest in performing culture audits within an organization.

Delivery Method: Interactive discussion using telephone and Internet technology.

CPE Credits: 1 credit

Speaker Bio(s):
Jason Anstead, CPA - Vanderbilt University Medical Center
Jason Anstead is a Senior Auditor responsible for conducting financial, operational, and compliance-based audits of Vanderbilt University Medical Center operations. Jason joined the VUMC Office of Internal Audit in 2016. Jason previously worked in Lehigh Valley Health Network, Allentown, Pennsylvania; a 5-hospital system where he performed financial, operational, and compliance-based audits. Jason started his career working for the Commonwealth of Pennsylvania Department of the Auditor General, Harrisburg, Pennsylvania; performing both basic financial statement and Uniform Guidance audits. Jason graduated with a Bachelor of Science in Accounting from Bloomsburg University of Pennsylvania and is a Certified Public Accountant (CPA). 

Summer Buchanan - Vanderbilt University Medical Center
Summer Buchanan is a Senior Auditor responsible for conducting financial, operational and compliance-based audits for Vanderbilt University Medical Center (VUMC). Prior to joining the VUMC Office of Internal Audit in 2015, she worked in public accounting performing and leading audits of companies in a variety of industries including manufacturing, not-for-profit, governmental and educational entities. Summer then worked for over ten years doing Corporate Reporting at both ServiceMaster and FedEx corporate headquarters. In her corporate reporting roles, Summer was responsible for budgeted and actual financial statements, required quarterly reporting and annual Sarbanes Oxley testing. Summer received her Bachelor of Business Administration with a Major in Accounting from the University of Memphis. 

Please Note: If you wish to receive continuing professional education credits for participating in the discussion, you are required to register and pay the registration fees. You will also be required to answer 3 of the 4 questions asked online during the discussion to qualify for CPE credit.

Cancellations received in writing within 7 calendar days prior to the discussion will be issued a full refund. No refunds for cancellations received within the week of the discussion. For more information regarding refund, complaint and program cancellation policies, please contact AHIA at 888-ASK-AHIA (275-2442).


Continuing Professional Education Credits:
AHIA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

When
10/17/2019 12:00 PM - 10/17/2019 1:00 PM