As a growing hospital or medical practice, one of your highest expense line items is your telecom and IT services. What you may not know is that you are probably over-paying for these services.Over 80% of telecom invoices are paid without being audited and many of these invoices contain errors. In order to save on your telecom and IT expenses you need to make sure your services are optimized and invoices are correct.
Here are 4 simple tips to help you lower your bill today.
Consolidate Services
Consolidate or “bundle” services together. Bundling will bring your cost down and help you eliminate un-used services. Many companies are paying for services they don’t even use. Don’t let it happen to you.
Monitor Data Usage
One of the best ways to optimize your telecom services is to monitor data usage. When you carefully monitor your usage, and know exactly what it is, you can then find the waste and eliminate it.
Administer an RFP
Inject some competition into the bidding for your business. Too often incumbent carriers are able to charge you more because of their relationship with you. Invite other carriers to bid on your business. Acquisition pricing is always better than retention pricing.
Conduct an Audit
Some businesses are locked into a long-term contract with their carrier and unable to administer an RFP. In this case, conduct a thorough audit of your telecom and IT.
At my firm, Profit Advisory Group, audits result in a 23% savings on average, without switching carriers. A proper audit will also help you to renegotiate the terms of your contract so you save money today and are better positioned for future contracts.
