Healthcare facilities savings approaches are by some considered mere myths. We have constructed a myth versus reality table below. By examining the table below our hope is that this will provide insights for a more clear understanding. True healthcare spend reduction is there but making the right choices that do not affect the quality of services rendered to your patients and staff is a necessity.
After reading the table below, please consider giving us a call to discuss. We welcome your feedback and are eager to be of assistance in helping guide your healthcare operation on the path toward well planned cost reductions.
| Myth | Reality |
| By moving to self op/ by outsourcing I will save money | The decision to move to self op or to outsourcing is complicated. Both can be true or false. The decision should be based on key timing, resources and quality factors |
| There is no savings in support services without impacting service or quality | Soriant reduces operating costs by an average of 12%, while enhancing service and quality…Guaranteed |
| My service contract cannot be renegotiated during the term of the contract | Soriant regularly negotiates service contracts & saves $600K to over $1 MM, while implementing processes to enhance vendor performances related to patient satisfaction & quality |
| The vendor’s fees are only for admin and support fees | Vendors make money from purchasing, benefits, third party service contracts. Soriant is able to determine the total vendor income down to a few hundred dollars |
| I don’t want to lose my vendor service management team by moving to an RFP or a renegotiating strategy | The management team can, with proper negotiations, stay in place and still enhance service and reduce department operating costs by using Soriant accountability tools |
| Hospitals can expect to self-implement savings opportunities | Hospitals achieve an average of 30% of savings vs. Soriant’s documented 112% of savings projections |
| Assessments to evaluate our savings potential are timely and expensive | Assessment can be done at no cost* as all labor fees can be credited to implementation |
