Managing the Cost

WHY

WHAT

HOW

Finance Clinics makes all these questions simple for you :

We design all WHY, WHAT, HOW and you enjoy the outcome with guarantee of success.

No Outcome No Charge is our Approach

Cost Efficiency has a vital role in today’s healthcare, it is not only about saving money but add value to organisation in different Fronts.

1. Enterprise Value Creation

2. Profitability

3. Cash Flow Management

4. Government Contract Bidding

5. Pricing

6. Economic Scale up projects

7 Competition

8. Management Control

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 SHORT INSIGHT OF COST MANAGEMENT

  • Understand the organization's readiness for cost management.

    Conducting a cost management assessment that details the Enterprise system's thinking, alignment, operational planning, overhead management and other moving parts could determine if the Enterprise is actually ready to begin a large cost management initiative.

  • Define cost-reduction goals based on the organization's capital shortfall

    Revenue streams are not what they used to be for Business Houses, and all cost-reduction goals should aim to close the capital shortfall as much as possible. "The goals quantify the performance levels necessary to fund the organization's strategies and maintain its competitive financial performance," according to the report.

  • Use internal and external benchmarks to identify possible sources of savings

    Reviewing historical trends and applying global and departmental benchmarks and peer department comparisons can give a clearer picture of where possible savings could be

  • Supplement benchmark data with other data analytics

    Benchmarking data, while necessary and helpful, cannot map a cost management strategy alone. Using several data analyses, with input from different departments and Industry Reports, can use in cost-reduction opportunities.

  • Understand and focus on the key drivers of staffing and productivity problems

    Inadequate plans, poor execution of staffing plans, unclear staffing roles, use of overtime and other staffing and productivity issues drive higher labor costs, which generally constitute more than half of a hospital or health system's operating expenses.

  • Drill down on staffing methods

    Changing staffing methods could certainly keep costs in check, but it could also enhance the relationship between staff members and customer. For example, improved staffing in the Sales department will account for variations in Sales volume and will also increase customer relationship experience.

  • Streamline overhead functions

    Eliminating redundancies in human resources, accounting, revenue cycle, information technology, marketing, legal, materials management and other functions can both improve operational flow and "yield large savings,".

  • Ensure cost-reduction targets are integrated with organizational plans and budgets

    Inserting the cost management initiatives into the Enterprise strategic financial plan, annual budget and operating plan can allow

Difference we make

Traditional Approach

Finance Clinics Approach

Identify Major & Minor Cost Heads

Identify Major & Minor Cost Heads.

Study Potential in Manpower Cost 

List Down Present SOPs in Black & White

Re-Negotiate with Vendors 

Understanding on process gaps and mind

storming sessions on the same

Change in Approval Matrix 

Creation of Path for cost analysis

Revenue Cost Co-relation and internal benchmarking

Industry Benchmarking & Categarisation

Saving Potential Statement Building

Target Oriented Analysis

Product comparision and vendor Comparison

Vendor Re-negotiations

SOP Building / Re-structuring 

Manpower Resources detailed analysis (Productive /

Un productive / Available for expansion).

Handholding in Software Modification required

FAQs Section:

This is introductory session, Face to face for mumbai and surat, and by virtual meeting for other cities, it is absolutely free and quite appreciated by our customers, you get insights of value addition you can practically expect from services of Finance Clinics.

it is like demo before you buy anything.

Finance Clinics has its internal objective that it does not charge to client, if client is not satisfied, and moreover satisfaction is also defined by client.

Yes you read it right, you are the decision maker for our charges.

You may find it fishy but it is absolution clear and bold that finance clinics charge only on success basis, and each of your services you get the monitory benefit before you pay to Finance Clinics

Our Services :-

Cost Efficiency

Process & MIS Management

Fund Raising Consultancy

M&A Consultancy

Reach us at:

101, Jupiter 3, Cosmos Regency, Waghbil Naka, Ghodbunder Road, Thane (West), Maharashtra 400615, 

Email : dinesh.mittal@financeclinics.in

Contact at : +91 9768899000  /  +91 8779199122