Hospitals and Healthcare
“Their audit delivered significant savings across utilities, waste, linen, and service contracts while saving our staff time and effort.”
Rick Brochu
CEO
Who we help - Hospitals and Healthcare
While we can work with any business or entity that meets our minimum spending thresholds, we do have some ideal client types that we like to work with.
Hospitals and Healthcare are one of those. Why is that?
The answer is simple. Hospitals and healthcare facilities incur expenses in many of the categories we help with, and they almost always meet our category spend thresholds. This makes the return on investment on our time and our clients’ time highly valuable in these engagements.
Some of the best categories we are able to help hospitals and healthcare facilities are copiers and printers, waste and recycling, uniforms and linens, telecom, utilities, and maintenance contracts.
Best Cost-Reduction Categories for Hospitals and Healthcare
Copiers And Printers
Aside from public education institutions, hospitals and healthcare providers are among the biggest users of copiers and printers. Hospitals can often have dozens of large copier machines, and the ancillary clinics often have their own as well. Even with the digital age, there is still a significant demand for printing needs with these organizations, and this trend is unlikely to change any time soon. Furthermore, they can not afford to have these machines malfunctioning and must ensure they have the best and most up-to-date equipment. Our print experts at P3 helps make sure our hospital and healthcare clients receive the services they need at the best possible price. Furthermore, we ensure that the printer service agreements have the proper safeguards in place to keep these machines running smoothly.
Average Savings
Min. Annual Spend*
Waste And Recycling
Hospitals and healthcare facilities have some of the most unique waste management needs we see (outside of specialty manufacturing facilities). From medical waste, pharmaceutical waste, and ‘regular’ waste to a wide variety of recyclable materials, healthcare waste management is as complex as it can get in the field of waste and recycling. Furthermore, it’s a highly sensitive environment. From patient confidentiality to hazardous waste, expertise is required to ensure proper handling. P3’s team of waste and recycling experts has worked in these environments many times. In fact, our experts enjoy working with hospitals and healthcare the most because it is more interesting and challenging. We know how to navigate these needs to deliver the best solution with the most savings.
Average Savings
Min. Annual Spend*
Uniforms & Linen
Hospitals and healthcare providers typically have significant expenses associated with uniform and linen providers such as Cintas, Aramark, and others. Aside from averaging 30-40% savings, we also ensure that contracts are buttoned up so our clients have the proper protections in place. Many of these providers are notorious for nickel-and-dime price increases, in violation of existing contracts, if the proper protections and monthly bill monitoring are not in place. These small price increases can eat into budget and add up to significant dollars.
Average Savings
Min. Annual Spend*
Telecom
Even the best-run organization leaves money on the table in this area. It’s your IT department’s job to keep the computers and phones running, but that doesn’t mean they have access to thousands of points of benchmark data and know what you should be paying. Furthermore, our analysts delve into the details by accessing your telecom customer service records to identify errors and overcharges. We know exactly what the vendors charge for each line item and analyze that across peer data to ensure you are getting the best deal possible and being billed correctly.
Average Savings
Min. Annual Spend*
Utilities
Hospitals and healthcare facilities are significant consumers of utilities. Their needs almost always run 24 hours a day, creating unique energy requirements. From a cost reduction standpoint, we often find billing, tax, and tariff issues, as the rules governing all these nuanced needs can vary dramatically. These complicating factors can push kilowatt-hour costs well above where they should be in regulated markets. And in deregulated markets, our deregulated pricing desk can help make sure the energy supply contracts are the most competitive available on the market.
Average Savings
Min. Annual Spend*
Maintenance Contracts
Hospitals and healthcare are the types of clients we help the most with this category. Hospitals and healthcare have countless pieces of equipment with long term maintenance contracts on them. In fact most hospitals average well over $7,000 per bed on maintenance contracts expenditure.
This means a 200-bed hospital could easily be spending over $1.4 million per year. We help our clients consolidate these hundreds of contracts into one easy-to-manage contract.
This results in incredible savings, and perhaps most importantly, incredible time savings.
Average Savings
Min. Annual Spend*
*Client must be spending above this minimum annually, across its organization, to qualify for our free expense analysis.
** In this particular category, these are minimum annual spends per location. This means, for example, 50 locations spending $200/month would not be a good fit.
Ready to Uncover Hidden Savings?
Our team of experts has saved clients millions by identifying cost reduction opportunities across multiple expense categories. The best part is that if we don’t save you money, you don’t pay.
