PRESBYTERIAN VILLAGES OF MICHIGAN (PVM)

When you're running a large multi-site organization, it can be nearly impossible to carve out time from the day-to-day demands to really dive deep and re-examine all your costs and ensure you're not leaving money on the table.

That's why HMS was asked to partner with Presbyterian Villages of Michigan (PVM), a faith-based, non-profit, multi-site system has 24 senior living communities including continuing care retirement communities (apartments, assisted living and skilled nursing all on one campus), subsidized senior housing and market rate senior housing. HMS worked closely with PVM’s staff to deploy a competitive bid process and consolidate vendors where possible. Over several cost savings projects, our team reviewed approximately $6,545,500 of annual spend and helped generate more than $1,046,000 in annual cost savings from both incumbent and alternative suppliers.

The best part? Several hundred thousand dollars of savings was delivered just 8 weeks after the beginning of the engagement!

Samaritas (formerly LSSM)

Samaritas (formerly Lutheran Social Services of Michigan) has two independent and assisted living communities and two skilled nursing communities. Samaritas has been in operation since the early 1900s and now spans the entire Lower Peninsula with over 70 programs in 40 cities.

When Samaritas first engaged HMS, the staff was skeptical of the new partnership. HMS' transparent, unbiased and data-driven approach quickly built trust and allowed for a very collaborative partnership.

HMS led Samaritas in a competitive bid process and consolidated vendors where possible. The HMS team reviewed approximately $4,280,000 of annual spend and helped generate more than $700,000 in increased margin over 18 months - with most of the savings realized in the first 10 weeks of the partnership.

UNITED METHODIST RETIREMENT COMMUNITIES (UMRC)

United Methodist Retirement Communities (UMRC) turned to Healthcare Margin Specialists when they wanted to cut a significant portion of their operating expenses in a smart way. UMRC is a non-profit, faith-based continuing care retirement community that has been serving the people of Michigan for over a century.

HMS was able to deploy a competitive bid process that secured savings from both incumbent and alternative suppliers. Our team reviewed $1,447,536 of annual spend and helped generate more than $110,000 in annual cost savings - most of which was delivered in the first 2 months of the engagement!