Cash flow was already a concern, but the pandemic hit hard. There were unanticipated expenses such as PPE, increased sanitation, safe isolation of residents, retaining and adding staff, and expanded waste removal needs. A business model built largely on capacity has become harder to maintain as longtime residents move on but new residents hesitate to move in during a pandemic.
It’s hard to tighten your belt when your business needs continue to grow. You need more staff, enhanced infrastructure, competitive salaries and recreational options for your residents, to name a few. You can’t cut services and maintain your good reputation. Downsizing isn’t a solution, because you need to be ready for the coming wave of aging Baby Boomers.
SIB knows your vendors and work with them daily. We examine your contracts for compliance and explore options to get you the best rates for the services you need, without changing vendors or disrupting your operations.
Trim overhead expenses, free up cash flow. SIB can help you slash overhead costs without cutting corners or damaging your trusted vendor relationships. We learn about your business and how you operate. Then our experienced analysts look at your invoices and contracts to review your current services. They weigh those services against your actual needs and compare them to your other facilities as well as the facilities of your competitors.
We have in-house experts who understand each industry. We retain a database of benchmark pricing, so we know what other businesses are paying in your area. We negotiate with your vendors and strengthen your relationships with them in the process.
If we find nothing, you pay nothing. It’s easy—we do most of the work. Just give us a month’s worth of your most recent invoices from any of your vendors providing utilities, propane, telecom, waste removal, linens and laundry, payroll and background checks, and much more. If it’s a regular service that you pay for, we can lower your costs without decreasing needed services.
We work on a contingency basis, so you don’t have to pay anything unless we find you cost savings. When we do find savings, you pay us a percentage of those savings for a fixed term. No upfront costs! We work directly with your vendors, and you choose which savings options you want us to pursue. We also keep an eye on your prices going forward, for the term of your contract.
98% of our clients save 20-40% on overhead costs. Imagine no more price creep and total transparency on what you are paying for. Let’s find out where we can save you money.
Cut your overhead costs now. Here are 3 ways to reach us:
1. Call our Senior Living facility savings specialist, Dan Kaufman: 843-576-3645
2. Email us to set up a 20-minute free introductory appointment.
3. Fill out the Contact Us form below.