Soriant Healthcare – Streamline Savings Calculator

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Soriant Healthcare Releases an Updated Savings Calculator in Time for Budget Season Consultancy’s Solutions Reduce Operating Expenses by 12% on Average

Our pro-client solutions typically generate a guaranteed savings of 8-12% for our clients, and our implementation process insures that the savings are sustainable over the three, five and ten-year contract

Soriant Healthcare, a market leader in healthcare support services solutions, has just added two quick-and-simple savings tools to their existing interactive savings calculators. The two new quick calculators are designed to identify cost savings opportunities with minimal needed input allowing healthcare providers to assess possible opportunities within their budgets. With both quick-input and deep-dive versions available, the calculators are meant to offer tangible data points for administrators to factor into their 2017 budgets.

The budget calculators are available in five distinct areas: Food & Nutrition, Environmental Services, Laundry and Linens, Security, and Patient Transport. “Understanding what you should be paying is a critical first step to establishing budgets and financial targets for support services departments,” explains Erik Scott, COO of Soriant Healthcare. “Our pro-client solutions typically generate a guaranteed savings of 8-12% for our clients, and our implementation process insures that the savings are sustainable over the three, five and ten-year contract. That really adds up.”

Soriant’s Savings Calculators are simple to use. The Quick Calculators require little more information than self-op versus contract type establishment and number of beds, while the deep analysis calculators consider factors such as FTEs, annual discharges, and transfers. For more information on the process, customers are directed to a video by CFO Christina Nugent, or encouraged to sign up for one of Soriant’s upcoming webinars.

Improving financial outcomes is a top-priority for most healthcare facilities, many of which are finding traditional cost-cutting methods such as staff reductions to be ineffective and shortsighted. By starting where costs are typically highest and impact on clinical outcomes is lowest, administrators are more likely to find lasting solutions that don’t decrease the quality of care. These “building costs” – costs related to the infrastructure of a facility such as utilities, food service, and housekeeping – grow an average of 4-7% per year.

Says Scott, “Take environmental services. A typical room cleaning process shouldn’t produce a significant amount of variation, yet room clean times often vary by as much as 50%. They shouldn’t.” By implementing lean work principles and eliminating redundancies, Soriant Healthcare’s team of experienced consultants have a 100% success rate in minimizing targeted expenditures. For a 250 bed hospital utilizing the company’s recommendations, total first year savings run anywhere between $1,500,000-$4,500,000.

“From community hospitals to large health systems, we implement financial benefits with a high ROI,” says Scott. “We’re absolutely committed to healthcare solutions that ensure the long-term success of institutions we collaborate with.”

SORIANT HEALTHCARE was originally founded in 2004 as AFR Solutions. The Atlanta-based consulting firm has decades of executive healthcare experience and considers transparency to be a key tenant of its business model. As a market leader in support solutions for all-sized facilities, Soriant’s capabilities range from negotiating vendor contracts to improving work flow and more.

To use one of Soriant’s targeted budget calculators to identify cost savings for your facility, visit http://www.sorianthealthcare.com/calculate-savings/. For one-on-one assistance, please call 770-777-6633.

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Christina Nugenet
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