Healthcare providers today face a financial reckoning. Amid rising labor costs, supply chain constraints, and volatile inflation, even the most sophisticated finance teams are struggling to protect operating margins. According to the American Hospital Association, hospital labor expenses alone jumped $42.5 billion between 2021 and 2023. These expenses now account for nearly 60% of total hospital costs. With shrinking reimbursements and increased uncompensated care, CFOs are navigating one of the most difficult fiscal landscapes in decades.
To adapt, forward-thinking leaders are investing in next-generation cost management solutions, SpendBrain, SIB’s AI-powered finance intelligence platform, offers a smarter path to stability. What sets SpendBrain apart is not just its AI. It’s the fact that every insight is backed by SIB’s expert team of PhD analysts who bring deep industry and domain expertise to every engagement.
SpendBrain uncovers hidden savings, automates admin-heavy workflows, and frees up your smartest people to focus on strategic decisions...at a time when many nonprofit hospitals are opening near or below break-even, cost clarity and operational speed aren't not optional, they are survival.
Anamika ("Nami") Wadhawan
SVP, Head of Sales
A New Kind of Intelligence for Financial Health
SpendBrain is more than a software tool. It is a strategic advantage. By analyzing large volumes of spend data across categories like utilities, waste, telecom, and banking fees, SpendBrain detects overspend, flags billing discrepancies, and identifies immediate savings opportunities.
In a recent example, a major nonprofit healthcare system partnered with SIB’s consulting team and recovered over $1.2 million in utility overspend. This result was achieved not through service disruption, but by detecting usage anomalies, optimizing contracts, and correcting rate structures.
These are not isolated wins. Healthcare organizations nationwide are unlocking savings in areas such as:
- Medical and surgical supply chains
- Telecom and wireless services
- Oxygen and medical gas contracts
- Banking and merchant processing fees
- Regulated medical waste
All of these savings are achieved while keeping existing vendor relationships and service levels intact. That means financial efficiency improves, without disrupting operations or compromising patient care.
How Smarter Spend Unlocks Better Care
Effective cost management frees up resources for better care—while SpendBrain ensures compliance, safeguards finances, and builds trust.
Where AI Meets Human Intelligence
SpendBrain doesn’t replace people. It empowers them. Designed specifically for healthcare finance teams, the platform automates time-consuming tasks like invoice audits and vendor reconciliation. This gives internal teams time to focus on high-value strategic work.
“Healthcare finance teams are losing 30 to 40 percent of their time to manual, low-value tasks while facing over one billion dollars in Medicare reimbursement cuts and inflationary pressure on essential goods. SpendBrain changes that equation.” — Anamika Wadhawan, SVP, Head of Sales at SIB
The platform’s insights are not just accurate, they are explainable. And every implementation is guided by SIB’s cost category experts, who bring subject matter expertise and context to every recommendation.
Conclusion: Financial Intelligence with People at the Center
SpendBrain is not just a technology solution. It is a finance AI platform designed and supported by SIB’s team of expert consultants, who bring decades of experience in uncovering savings for hospitals and healthcare systems.
If your organization is navigating cost pressures, margin erosion, or manual bottlenecks, SpendBrain offers a proven, people-powered solution.
See what SpendBrain can do for your healthcare system at aboutsib.com/healthcare
