Healthcare Financial Outcomes

614-805-0588

Healthcare Financial Outcomes

Innovative Strategies to Improve Financial Outcomes

While Preserving Quality Care

The System Stream Expense Reduction Network (ERN) supports financial leaders to identify and drive down costs across multiple spend categories, helping you improve financial outcomes while maintaining high-quality care. With healthcare costs on the rise, our network delivers innovative solutions to reduce operational expenses, increase efficiency, and enhance financial stability—allowing you to reinvest in what matters most: your patients.

OPTIMIZE YOUR SPEND

Health Insurance and Employee Costs

Reduce Health Insurance Costs and Claims - Reduce excess claims through proactive strategies
Drive Down FICA Tax Expenses - Implement tax-efficient programs to reduce payroll tax burdens
Increase Employee Retention to Reduce Turnover Costs - Keep your employees and attract new ones
Optimize Healthcare Plan Expenses with Cost Reduction Technology - Monitor the performance of your Healthcare Plan Assets to identify significant cost-saving opportunities

Revenue Recovery & Payment Audits

Recover Insurance Underpayments and Failed Payments - Identify missed reimbursements and ensure timely collections with a proprietary technology solution
Audit and Monitor Merchant Services - Reduce transaction fees and eliminate hidden costs
Increase Pharmacy Rebates - Maximize returns on pharmaceutical purchases through enhanced rebate programs

Indirect Spend Optimization

IT, Telecom, and Payroll & HR Administration
Shipping, Records Management, and Fleet Management
Uniforms, Linens, Cleaning Services, and Waste
Pharmaceuticals, Laboratory and Medical Supplies
Food Services, Dental Supplies, and Office Supplies

Financial Strategy and Risk Management

Increase Your Bond Rating - Improve access to lower-cost capital
Reduce Worker’s Compensation Expenses - Reduce claims and improve safety outcomes

Here is one example of a proven solution available within our network to drive a positive financial impact for your hospital:

HEALTHCARE CLAIMS EXPENSE REDUCTION

EXPENSE REDUCTION NETWORK (ERN)

Maximizing Savings Without Sacrificing Quality - As a healthcare financial leader, you balance financial performance with the demands of delivering excellent care. Our network’s comprehensive cost-containment strategies allow you to:

Lower operating expenses across critical and non-critical spend areas
Improve cash flow through revenue recovery and optimized payment collections
Free up budget for high-impact patient care initiatives
Increase financial stability to secure favorable bondratings
Mitigate risks associated with insurance, workers’ compensation, and merchant fees

Our network’s expertise spans multiple areas of healthcare finance, ensuring every opportunity for savings is uncovered. Let our network partner with your team to drive down costs, improve margins, and help you meet your financial objectives.

WHY PARTNER WITH OUR NETWORK?

Proven Expertise: Our network has a vast experience working with hospitals to reduce costs and boostfinancial performance
Comprehensive Analysis: Deep-dive audits to identify cost-saving opportunities across all spend categories
Seamless Implementation: Minimal disruption to your team’s workflow
Sustainable Results: Solutions designed for long-term savings
24+ Alliance Partners: Including several of the largest cost management firms spanning across 43 countries worldwide
90+ Spend Categories: To include healthcare specific unique solutions to drive financial outcome improvements

System Stream - Spend Categories - 120624

TAKE THE FIRST STEP

Your hospital's financial health is essential to delivering quality care. Together, we can identify significant savings opportunities without compromising patient outcomes. Contact us today to explore unlocking savings for your hospital.

How May We Help You?