Senior Living
Senior Living Communities

Care for your residents and your bottom line.

Senior living communities and assisted living facilities aren’t just businesses–they are homes to often vulnerable residents and older adults who count on their facilities to help ensure the best possible quality of life. Optimizing your spend on business services including medical care, food costs, linens and laundry, skilled nursing, and much more can make a big difference not only in your bottom line, but in your ability to provide added value to the people depending on you. You save without changing vendors, disrupting operations, or impact existing GPO enrollments and rebates.

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Senior Living

Enable your staff to remain focused on resident care and topline growth while drive sustainable cost reductions on your behalf.

Keep your elder care facility operations running smoothly with no changes to service levels, vendors, or operations.

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The Difference Between Good and Great Often Comes Down to Cost Efficiency

Demand for senior living communities in the United States continues to grow and operators are busy at work addressing a critical shortage of qualified labor. Staffing often monopolizes the majority of time for most executives directors–leaving little bandwidth to spare for addressing other operational issues and costs.

SIB reduces cost for essential business services in hard-to-manage spend areas like medical waste, linen and laundry, bank fees, payroll processing and telecom. With an average of 29% savings achieved across multiple spend categories, we offer a no-risk solution to enhance your profitability. Embrace the opportunity to optimize your spending, ensuring your senior living community remains a nurturing home for residents while achieving sustainable growth.

29% Average Savings in the Spend Categories SIB Oversees for Senior Living Communities

Risk-Free Expense Reduction

Enjoy the benefits of reduced operational costs with no upfront investment. Our performance-based model means we succeed only when you achieve measurable savings.

All Gain – No Pain

Save money and reduce complexity without changing vendors, level of personal care provided, operational processes, or GPO rates and rebates. Our self-funded services means we only share in the savings we unlock.

Best-in-Class Contracts

Take advantage of our 500,000+ pricing benchmarks to promote more successful vendor negotiations and secure best-in-class rates, terms, and conditions.

Visibility + Optimization

Gain insights that inform better, faster business decision-making and more confidently optimize all aspects of your business services.

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Our Process

  1. Review Vendor Spend
    We look at 12 months of expenses across all categories from your general ledger to give you the big picture view of your spend and identify high-potential savings areas.
  2. Define the Scope and Roadmap
    Decide which expenses you want to tackle first. We meet with internal stakeholders in each expense category to gather additional details and data and obtain authorization letters permitting us to work directly with your vendors.
  3. Analyze, Negotiate, and Present the Opportunity
    We thoroughly audit your spend, invoices, and contract terms and conditions, uncovering every area for savings and optimization with existing vendors and services. Upon request, we can also look at sourcing alternate vendors. You review the full scope of opportunities and decide which to approve and implement.
  4. Implement Savings Strategies
    We put new contracts and rates into effect and provide your internal teams with documentation of all new pricing agreements, terms, and conditions. When you save, we share a portion of the savings, so there are no upfront costs and no risks to you.
  5. Validate Savings and Ensure Compliance
    We partner with you throughout the scope of your new contracts and service agreements to keep vendors in compliance, validate savings, and ensure you are receiving all negotiated services. We proactively look for new or additional savings opportunities to ensure best-in-market rates for the long term.

Spend Areas We Help

Senior Living

Medical Supplies

Uncover billing errors, optimize service levels, and ensure contract compliance, reducing spend by an average of 11% across all your medical supplies and facilities.

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Senior Living

Waste + Recycling

Save an average of 31% on solid waste, medical waste, compost, and recycling costs while improving ESG compliance through better program design, pricing, and management.

Waste + Recycling
Senior Living

Treasury Fees

Secure best-in-class pricing to reduce bank fees and merchant services by 27-34% while reducing risk and preserving existing banking relationships.

Treasury Fees + Merchant Services
Senior Living

Telecom

Reduce telecom expenses by an average of 28% with a rightsized network, competitive market rates and terms, and a proactive approach to eliminating common billing errors.

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Senior Living

Linen, Laundry, and Uniforms

Secure and validate the best prices and terms to improve your current service levels while reducing your linen, laundry, and uniform costs by an average of 26%.

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Payroll Processing

Optimize your payroll processing solution to simplify and better meet your company’s human capital management needs while saving an average of 24%.

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Resources and Case Studies

Senior Living
case studies 3 mins read

SIB Helps Bickford Senior Living Tackle Rising Medical Costs in Record Time

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blog 3 mins read

Bank Smarter: Protect Assets, Reduce Banking Fees, And Enhance Yield

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Senior Living
case studies 3 mins read

Healthcare Company Cuts Costs by 6% with Focus on Food Costs

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Take Control of Your Spend Today

Ready to reduce your costs across your top spend categories? Get started with a no risk, comprehensive evaluation of your vendor transaction history and put our market intelligence and industry expertise to work to spend smarter and improve your bottom line.

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Senior Living