SIB reviews its customers’ fixed costs in a variety of areas such as telecom, utilities, waste removal, advertising and maintenance contracts. After reviewing the costs, SIB looks for areas where the companies can achieve savings.
SIB has a very high success rate, as it has identified cost savings for 98 percent of its customers. The company is unique because it works on a contingency basis; therefore, customers only pay once the company has realized savings for them.
More Articles on Hospital Cost Savings:
CareFirst’s PCMH Reports Cost Savings, Decreased Readmissions
70 Accountable Care Agreements Announced So Far This Year
Stop Sending Patients Away: In-House Pathway to Healthy Balance Sheets
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
