|By Marketwire .||
|August 30, 2012 05:15 PM EDT||
SOUTHBURY, CT -- (Marketwire) -- 08/30/12 -- The cost of healthcare for all Americans is one of the bigger issues in the 2012 election. However, business owners don't have to wait for the results of this year's election to save money, both for their companies and for employees. "The current economy should be forcing business owners to examine how to reduce the cost of doing business," says Brian Miller, COO of Expense Reduction Coaching® (ERC). "And, healthcare services should be a key target for money saving opportunities."
"Long-standing relationships and inadequate oversight are the primary reasons for the gradual increase in healthcare costs for most businesses," says Miller. "Most business owners are not asking the right questions when they change their programs annually."
According to Miller, changing out benefit providers, as an expense category, rarely happens within a company. Although benefit programs change annually, the cost of administering the programs, benefit payouts and how the organization and the employees are compensated do not. By examining these expenses, companies can typically save as much as 15 - 20 percent each year.
"It's the lack of information that is getting in the way of the savings," says Miller. "Each vendor has a limited number of healthcare options to offer their clients based on licensing and relationships. Business owners would be wise to look for support in this area from a cost-cutting professional who can give them a broader scope of what the healthcare vendor market can offer."
There are a number of indirect company expenses that can be reduced, renegotiated or even eliminated when a cost-cutting expert spends time reviewing the invoices, contracts and individual line item charges, according to Miller. And, the healthcare services area is where significant savings can be realized.
ERC Coaches are highly trained to help business owners reduce long-term costs by analyzing clients' expenses, negotiating or re-negotiating with suppliers and making recommendations, which result in long-term savings. They focus on helping companies and organizations realize measurable cost savings in other indirect expense categories including:
- Office supplies
- Maintenance contracts
- Professional services
ERC's cost reduction program has been in use since 1993 and has been directly responsible for generating significant savings for corporate clients in many industries.
To learn more about Expense Reduction Coaching visit www.ercsaves.com
About Expense Reduction Coaching®
Expense Reduction Coaching (ERC) has been established since 1993 and is directly responsible for generating significant operational savings for corporate clients in many industries. ERC targets "indirect and consumable" expense categories and identifies the most common profit leaks. ERC's goal is to negotiate and generate long term savings while using their client's existing and alternative sources. ERC is ranked on the prestigious Entrepreneur Magazine's 2012 Annual Franchise 500 list. ERC is a business coaching brand of Franchise Source Brands International (FSBI). To learn more about Expense Reduction Coaching visit www.ercsaves.com
Expense Reduction Coaching® is a registered trademark of ERC Franchising, LLC. All rights reserved.
Cynthia L. Schick