Arizona Embraces Recovery Auditing; Adopts Fortune 500 Corporate Best Practice to Make Every Taxpayer Dollar Count; PRG-Schultz Awarded Two Year Recovery Audit Contract.ATLANTA -- PRG-Schultz International, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PRGX) today announced that the State of Arizona has awarded the company a contract to provide comprehensive recovery audit services over the next two years with a maximum contract extension of an additional three years, beginning November 17, 2004. Under the contract, PRG-Schultz will examine Arizona's procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money. 2. data including Medicaid. The contract was awarded as part of Governor Janet Napolitano's Efficiency Review program to improve the performance and efficiency of State government. Terms of the contract were not disclosed. John Cook, Chairman and Chief Executive Officer of PRG-Schultz stated, "The State of Arizona is in the vanguard Vanguard Any of three unmanned U.S. experimental satellites. Vanguard I (1958), the second U.S. satellite placed in orbit around Earth (after Explorer 1), was a tiny 3.25-lb (1.47-kg) sphere with two radio transmitters. of state and local governments in recognizing the need to adopt recovery auditing, a best practice of Fortune 500 companies. Governor Napolitano and State Comptroller The power of the Knesset to supervise and review government policies and operations is exercised mainly through the state comptroller (Hebrew: מבקר המדינה Clark Partridge partridge, common name applied to various henlike birds of several families. The true partridges of the Old World are members of the pheasant family (Phasianidae); the common European or Hungarian species has been successfully introduced in parts of North America. recognize that vendor overpayments and contract oversights are costs that can and should be controlled, and are not just a cost of doing business. By adopting recovery auditing, Arizona can make every taxpayer dollar count. Cook added, "We are pleased to be working with Arizona, and to have the opportunity to conduct a comprehensive audit, including Arizona's Medicaid. PRG-Schultz has the necessary expertise to help Arizona identify, validate and recover overpayments quickly and efficiently, with the ultimate goal of saving money for Arizona taxpayers. We believe that as more state and local governments follow Arizona's lead and adopt the best practices of Fortune 500 companies, more overpayments will be identified and recovered." About PRG-Schultz International, Inc. Headquartered in Atlanta, PRG-Schultz International, Inc. (PRG-Schultz) is the world's leading recovery audit firm. PRG-Schultz employs approximately 2,900 employees, providing clients in over 40 countries with insightful value to optimize optimize - optimisation and expertly manage their business transactions. Using proprietary software and expert audit methodologies, PRG-Schultz industry specialists review client invoices, purchase orders, receiving documents, databases, and correspondence files to recover lost profits due to overpayments or under-deductions. |
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