MOST HEALTHCARE PROVIDERS ARE OVERPAYING FOR THEIR BUSINESS SERVICES – AND DON’T EVEN KNOW IT

In today’s challenging economic climate, it’s more important than ever for healthcare facilities—including hospitals, surgery centers, physician practices, and imaging centers—to regularly assess their financial health. Rising operational costs and ongoing staffing shortages make it critical to identify opportunities for savings and efficiency.

Facility Administrators often find themselves stretched thin, with clinical teams dedicating 36+ hours a week to patient care. This leaves little time to develop strategies that improve profitability or evaluate new ways to streamline operations. As a result, many Healthcare Providers are unknowingly overpaying for essential business services.

Reviewing and optimizing services like Waste Management or Merchant Services can be time-consuming and frustrating—but it doesn’t have to be. When was the last time your facility reviewed these contracts and pricing structures?

Now is the perfect time to take advantage of a no-cost, no-obligation audit from Schooley Mitchell—a trusted partner in helping healthcare organizations uncover hidden savings and improve operational performance.

Medical Waste

How predictable is your medical waste every month?

Variability in your medical waste from month-to-month makes a big difference to certain service providers.

How do you deal with amalgam waste? Contaminated waste? Sharps?

Each of these require a specific disposal method that could represent additional costs.

Who supplies your medical waste and sharps containers and how are they stored?

Operational procedures and location specific descisions can substantially impact your overall pricing.

Merchant Services

Do you reference the "effective rate" to evaluate how competitive your processing fees are?

A blended pricing structure makes it more difficult to fully understand all the factors impacting your fees.

Do you know how your current processing environment impacts your processing fees?

How you process payments and capture data can have a big impact on your monthly fees.

Have you asked your processor to provide you an "interchange-plus pricing" quote?

This pricing structure is often the least expensive and most transparent option.

Telecom

Have you conducted a recent usage audit across your telecommunications system?

In many cases, we find inefficiencies and redundancies in the number of lines and features.

Have you considered moving to a Voice over IP platform?

Cloud based telecommunications systems typically provide unique features at lower costs.

Do you know when your current plan automatically renews?

Companies typically only have a 30-day window to make changes to their current contract.

Shipping

Have you considered splitting your shipping business across multiple vendors?

Vendors tend to specialize in certain areas so playing to their unique strengths can reduce your overall costs.

Are you paying for unnecessary delivery guarantees?

Being more flexible on delivery times can significantly reduce your costs.

Do you review your monthly statements to ensure the correct charge codes are used?

Charge codes can be very confusing and require a detailed review to ensure you are being charged correctly.

MOST HEALTHCARE PROVIDERS ARE OVERPAYING FOR THEIR BUSINESS SERVICES – AND DON’T EVEN KNOW IT

Savings Delivered

Family Medicine Practice

78%

Telecom Services

Two-Site Hospital Alliance

$25,000

Waste Savings

Urgent Care Clinic

$14,000

Telecom & Payment Processing Expenses

Small Hospital

44%

Wireless Expenses