Family Practice Achieves Significant Cost Savings
Situation
A family practice in the southeastern U.S. contacted our team to explore potential cost-saving opportunities. The practice was particularly interested in reducing expenses related to document destruction and cell phone services. At the time of contact, the practice was not affiliated with any Group Purchasing Organizations (GPOs).
We began by educating the practice about the concept of GPOs and the benefits of membership. Our specialized PowerBuying team then conducted a thorough review of the practice’s invoices. Through this analysis, our team identified several cost-saving opportunities available through our extensive network of GPO partners.
Results
The collaboration between the family practice and DoctorsManagement yielded significant results across multiple expense categories:
- Our team secured substantial discounts on cell phone bills for all practice owners and employees, ranging from 18% to 22%.
- It was discovered that the practice’s current vendor for document destruction services was already under contract with one of DoctorsManagement’s GPO partners. This allowed the practice to realize a cost reduction of over 50% for these services.
- Our PowerBuying team identified further opportunities in areas such as office supplies and medical supplies. These collective savings amounted to an additional $5,000 for the practice.
Through education, strategic analysis, and access to pre-negotiated contracts, our team helped empower this family practice to achieve substantial cost savings without disrupting its existing vendor relationships.
