OUR LATEST INSIGHTS

Up to date, high-level business information that is relevant to our clients and contacts, helping keep up to date on the ver-changing business world of today.

Ian Nairn / April 26, 2023

niponneil – Medical Savings

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?

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.

Telecom

Merchant Services

Small Package Shipping

Waste

Electronic Logging Devices

Compressed Gases

Fuel

Facility Supplies

Less Than Truckload

Software as a Service

Uniforms & Linens

Office Supplies

Packaging Supplies

Breakroom Supplies

Shipping Supplies

Electricity

Natural Gas

Water & Sewage

FICA

Ian Nairn / April 26, 2023

lmcdowell – Non-Profit Client Calculator

Schooley Mitchell is the Perfect Way to Serve Non-Profits

Serving Non-Profits is one of the simplest ways for Schooley Mitchell to serve the Community and to help. Schooley Mitchell can provide the resources (time, money, knowledge and security) that many Non-Profits need, giving them more time and dollars to serve.

The process is easy! If a Non-Profit signs a Service Agreement with Schooley Mitchell of Humble, they can reduce their expenses. And after they receive their savings, as her personal commitment, Lori McDowell will make a personal donation of 10% of her fee back to the Non-Profit!

You help my business grow, while I support your Non-Profit with savings and a personal donation!

It’s a win for everyone involved!

Lori McDowell

Humble, Texas

P: 832-827-7534

M: 281-740-2865

Non-Profit Annual Expenses:

% of Expenses Addressable By Schooley Mitchell:

15%

Average % Savings to Non-Profit:

28%

Expenses Addressable by Schooley Mitchell:

$67,500

Non-Profit Annual Savings:

$18,900

Non-Profit Realized Savings Over 36 Month contract:

$56,700

Non-Profit Shares Saving with Schooley Mitchell:

$28,350

Production Fees:

$11,340

Non-Profit Donation:

10%

Total Paid to Non-Profit over 36 Months:

$1,701.00

Non-Profit Monthly Revenue:

$47.25

* These calculations are for example purposes and may not represent actual revenue amounts.

Ian Nairn / April 25, 2023

slafreniere – Value of Schooley Mitchell

SCHOOLEY MITCHELL IS CONSTANTLY BUILDING VALUE FOR OUR BUSINESS CLIENTS

While Schooley Mitchell’s services are geared towards creating savings and building your business’ bottom line, this is only one of the currencies we provide our clients. Here are just a few of the additional value adds we provide:

Our proprietary tools and processes keep up to date with market changes and pricing opportunities as they arise increasing your market knowledge.
We reconcile transactions on all your invoices each month/quarter to identify overcharges or price creep, providing security that you are being accurately billed.
We identify recoverable billing errors in your contracts and invoices and pursue refunds saving you and your team time.
We act as an independent resource to help manage your services ultimately saving you money.

The key difference between working with Schooley Mitchell, versus vendors directly, is that we are exclusively incented on making you more efficient. It’s as simple as that. Remember that we only invoice on implemented savings. Reducing your expenses is our specialty.

SCHOOLEY MITCHELL IS CONSTANTLY BUILDING VALUE FOR OUR BUSINESS CLIENTS

Our proprietary tools and processes keep up to date with market changes and pricing opportunities as they arise increasing your market knowledge.
We reconcile transactions on all your invoices each month/quarter to identify overcharges or price creep, providing security that you are being accurately billed.
We identify recoverable billing errors in your contracts and invoices and pursue refunds saving you and your team time.
We act as an independent resource to help manage your services ultimately saving you money.

Waste

How predictable is your waste every month?

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

Is your container size and collection frequency optimized?

Finding a provider that is both cost effective and meets your needs can be challenging.

Are your waste disposal fees changing frequently over the course of the year?