Oversight Systems Partners
with Spectrum Oversight Advisors for the
Healthcare Market
Oversight's Continuous
Monitoring Platform Automates Spectrum Oversight's
Analysis to Correct & Eliminate Errors
in Procurement & Contract Management
ATLANTA (July 24, 2006)
- Oversight Systems Inc., the leading provider
of continuous monitoring solutions, today
announced it 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 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 www.SpectrumOversight.com.
About Oversight Systems, Inc.
Oversight takes continuous monitoring to the next level by combining an audit data warehouse, advanced analytics and workflow into a single, integrated, application. By inspecting each step of individual transactions across systems, Oversight identifies errors, control violations and fraud to drive higher levels of performance and compliance. Oversight's platform automates the entire life cycle finding problems in business processes, fixing those problems and proving the problems were resolved. Oversight is the solution of choice for those CFO's, CIO's and CISO's serious about compliance and enhancing their financial performance. For more information, visit www.oversightsystems.com.
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