MOST MEDICAL PRACTICES ARE OVERPAYING FOR THEIR BUSINESS SERVICES – AND DON’T EVEN KNOW IT

Current economic challenges have made it imperative for Medical offices to continually assess their fiscal health in order to find ways to counter rising costs and staffing shortages. Many of these Doctors know they can easily spend up to 36+ hours a week treating patients – leaving little time to help develop and maintain strategies to increase profitability or evaluate new opportunities to streamline operations. Most MEDICAL PRACTICES are overpaying for their business services – and don’t even know it

Evaluating the options that best balance your office’s goals while ensuring optimal performance from your various business services can be very time consuming and frustrating. When was the last time you assessed your Waste or Merchant Services contract and pricing? Is it time for your team to get a no cost, no obligation audit of some of your key services from Schooley Mitchell?

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Savings Delivered

Family Medicine Practice

78%

Telecom Services

Animal Hospital

$108,000

Waste, Telecom, Payment Processing & Compressed Gases Savings

Spinal Care Clinic

$23,000

Annual Payment Processing Savings

Small Hospital

44%

Wireless Expenses

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.

Uniforms & Linens

Do you rent or purchase uniforms?

With no inventorial upfront costs and easier access to replacements/repairs, renting from a reliable source has become a preferred option to purchasing outright.

Does your uniform rental policy properly account for employee damage and loss?

Loss and damage charges include the purchase of a new garment, as well as associated setup, name tag, logo fees, and sometimes replacement charges.

Are your laundering and delivery schedules optimized?

Without the correct cadence, your business could be overspending or not receiving what it needs to operate efficiently.

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.

Compressed Gases

Do you think your compressed gases expenses are written in stone?

Commodity markets can be complex and confusing, making it difficult for business owners and managers to navigate.

Are you certain there are no billing errors in your invoices?

There are opportunities to optimize pricing structures and recover billing errors.

Are you receiving all tax benefits available to you?

Your business might be missing out on significant savings opportunities.

Facility Supplies

Are you over or undersupplied?

We audit your invoices to ensure optimal delivery schedules.

Are you splitting hairs with multiple vendors?

We look at all supplies invoices, across all vendors, to make sure everything you need is being ordered, delivered, and replenished effectively.

Do you require specific product quality or other specifications?

Schooley Mitchell helps you find the solutions that bet fit your business.

Michelle M. Anderson

Strategic-Partner
Office: 904-799-1810

Concerned About Overspending?

We know every dollar counts. Let’s find the dollars you could be saving in a complimentary strategy session.