Reduce costs across multiple spend categories by enforcing vendor contract compliance, correcting billing errors, rightsizing services, and optimizing pricing structures.
Save money and reduce complexity without changing vendors, service levels, or operational processes. Our self-funded services means we only share in the savings we unlock.
Take advantage of our 500,000+ pricing benchmarks to promote more successful vendor negotiations and secure best-in-class rates, terms, and conditions.
Gain insights that inform better, faster business decision-making and more confidently optimize all aspects of your business services.
Our Healthcare Clients
Our Process
- Review Vendor Spend
We look at 12 months of expenses across all categories from your general ledger to give you the big picture view of your spend and identify high-potential savings areas. - Define the Scope and Roadmap
Decide which expenses you want to tackle first. We meet with internal stakeholders in each expense category to gather additional details and data and obtain authorization letters permitting us to work directly with your vendors. - Analyze, Negotiate, and Present the Opportunity
We thoroughly audit your spend, invoices, and contract terms and conditions, uncovering every area for savings and optimization with existing vendors and services. Upon request, we can also look at sourcing alternate vendors. You review the full scope of opportunities and decide which to approve and implement. - Implement Savings Strategies
We put new contracts and rates into effect and provide your internal teams with documentation of all new pricing agreements, terms, and conditions. When you save, we share a portion of the savings, so there are no upfront costs and no risks to you. - Validate Savings and Ensure Compliance
We partner with you throughout the scope of your new contracts and service agreements to keep vendors in compliance, validate savings, and ensure you are receiving all negotiated services. We proactively look for new or additional savings opportunities to ensure best-in-market rates for the long term.
Spend Areas We Help
Utilities
Power up your business and bottom line with an average of 11% savings on electricity, natural gas, water, and propane, more reliable service, and reduced billing errors.
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Waste + Recycling
Save an average of 31% on solid waste, medical waste, compost, and recycling costs while improving ESG compliance through better program design, pricing, and management.
Waste + Recycling
Treasury Fees
Secure best-in-class pricing to reduce bank fees and merchant services by 27-34% while reducing risk and preserving existing banking relationships.
Treasury Fees + Merchant Services
Medical Supplies
Uncover billing errors, optimize service levels, and ensure contract compliance, reducing spend by an average of 11% across all your medical supplies and facilities.
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Telecom
Reduce telecom expenses by an average of 28% with a rightsized network, competitive market rates and terms, and a proactive approach to eliminating common billing errors.
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Linen, Laundry, and Uniforms
Secure and validate the best prices and terms to improve your current service levels while reducing your linen, laundry, and uniform costs by an average of 26%.
Learn MoreSee What Our Clients Say
“…SIB achieved major savings across the board without diminishing our vendor services or relationships… Their findings were clear and detailed and accurate…I would gladly recommend SIB to other large healthcare providers that could use help with an outside audit.”
“…They exceeded our expectations… We were thrilled to hear that SIB found annual savings in the six figures including huge savings in credit card processing—one of our largest expenses. Partnering with SIB is a win-win.”
“We have been very pleased with the savings generated, the process, and on-going communication. The work will deliver reduced utility costs of over $1.2 Million with removal of surcharges and more optimal tariff rate choices. Not only did they generate significant savings for us, but their practice groups are completely self-contained and they conducted their work with very little staff support. ”
“SIB’s process was quick and efficient. They achieved savings in a variety of categories including medical supplies, oxygen, and bank fees–which were reduced by 51%. They conducted their reviews in a professional manner all without changing vendors or service levels.”
Resources and Case Studies
SIB Helps Oak Orchard Health Lower Waste Pick Up Fees by 79% Without Changing Vendors
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Regional Nonprofit Healthcare Engages SIB to Reduce Telecom Costs
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Take Control of Your Spend Today
Ready to reduce your costs across your top spend categories? Get started with a no risk, comprehensive evaluation of your vendor transaction history and put our market intelligence and industry expertise to work to spend smarter and improve your bottom line.
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