Health Care Cost Reduction

We find significant savings you can’t easily see. And you pay nothing until we get results.

Cedric Burl And Company has assembled a team of best-in-class experts dedicated to optimizing your spending and reducing costs in various areas. We understand that spending less for the same or improved business services is crucial for your financial success. Our approach goes beyond relationship-building and negotiating skills; it involves leveraging extensive benchmarking data, a profound understanding of business service industries, and vigilant invoice monitoring.

Our team of industry experts brings the numbers, expertise, and tools to the table, identifying and capturing all available savings on your behalf. We act as your advocate to secure the right services at the right cost for the long term. Explore our expertise in the following spend areas:

1.Insurance: Reduce insurance costs by an average of 11%. We help you navigate the complex insurance landscape to obtain rightsize health insurance and benefits coverage, ensuring protection for your business and bottom line.

2.Payroll Processing: Cut payroll processing fees by an average of 24%. Optimize your payroll processing solution to simplify, save, and better meet your company’s human capital management needs.

3.Property Taxes: Reduce property taxes by an average of 8%. We empower you with data and expertise to determine the true market value of your commercial real estate assets, ensuring fair and accurate taxes for the long term.

4.Shipping and Fulfillment: Save an average of 18% on small parcel and 3PL. Our experts with backgrounds in sales and pricing at major carriers help you secure better shipping terms, improving customer service and saving costs.

5.Telecom: Secure 28% average savings on telecom solutions. Our comprehensive approach to optimization and modernization ensures cost savings today while preparing for future technology and security demands.

6.Treasury Fees + Merchant Services: Reduce treasury service fees by 25-35%. We conduct a thorough bank fee review to secure best-in-class pricing, preserving existing banking relationships and introducing opportunities for a more secure financial future.

7.Utilities: Save an average of 11% on energy and utilities. Optimize your energy spend with better rates, reliable service, and reduced billing errors, supporting sustainability and creating best-in-class energy programs.

8.Waste + Recycling: Capture 30% average savings on waste and recycling. Take control of your waste and recycling programs with better design, pricing, management, and reporting.

9.Other Operating Expenses: Spend smarter on everyday spend areas, from medical supplies to maintenance, ensuring the greatest value for your business.

Industries served include: Franchisee/Multi-Site Operators, Government, Hospitality, Healthcare, Manufacturing, Multifamily, Restaurants, Retail, Senior Living, and Telecommunication Carriers. 

Discover how Cedric Burl And Company can help you spend smarter with a no-risk, comprehensive evaluation of your vendor transaction history. 

Put our market intelligence and industry expertise to work for you.

Let's break down a hypothetical scenario for a hospital generating $50 million a year in revenue, illustrating potential savings in various spend areas through Cedric Burl And Company's optimization services.

1. Insurance:

   - Current Insurance Cost: $6 million

   - Average Savings: 11%

   - Potential Savings: $660,000

2. Payroll Processing:

   - Current Payroll Processing Fees: $2 million

   - Average Savings: 24%

   - Potential Savings: $480,000

3.Property Taxes:

   - Current Property Taxes: $1.5 million

   - Average Savings: 8%

   - Potential Savings: $120,000

4.Shipping and Fulfillment:

   - Current Shipping and Fulfillment Costs: $3 million

   - Average Savings: 18%

   - Potential Savings: $540,000

5.Telecom:

   - Current Telecom Expenses: $1.5 million

   - Average Savings: 28%

   - Potential Savings: $420,000

6.Treasury Fees + Merchant Services:

   - Current Treasury Service Fees: $1 million

   - Average Savings: 30%

   - Potential Savings: $300,000

7. Utilities:

   - Current Energy and Utilities Costs: $2 million

   - Average Savings: 11%

   - Potential Savings: $220,000

8. Waste + Recycling:

   - Current Waste and Recycling Expenses: $500,000

   - Average Savings: 30%

   - Potential Savings: $150,000

9.Other Operating Expenses:

   - Current Miscellaneous Operating Expenses: $5 million

   - Average Savings: Hypothetical at 10%

   - Potential Savings: $500,000

Overall Potential Savings:

- Insurance: $660,000

- Payroll Processing: $480,000

- Property Taxes: $120,000

- Shipping and Fulfillment: $540,000

- Telecom: $420,000

- Treasury Fees + Merchant Services: $300,000

- Utilities: $220,000

- Waste + Recycling: $150,000

- Other Operating Expenses: $500,000

Total Potential Savings: $3,290,000

This hypothetical scenario demonstrates that by leveraging Cedric Burl And Company's optimization services, the hospital could potentially save $3.29 million annually.

It's important to note that these figures are illustrative, and actual savings may vary based on the specific circumstances and optimization strategies implemented.

The overall potential savings represent a significant percentage of the hospital's $50 million annual revenue, showcasing the impact of cost reduction across various spend areas.