Business Details
Trusted Partner for Healthcare Cost Savings in Plano, TX
At Healthcare Margin Specialists (HMS), we are dedicated to empowering long-term care organizations through strategic cost savings solutions. With over 30 years of combined experience in financial analysis and healthcare contract negotiations, our team specializes in identifying and securing reductions in operational expenses for senior care facilities. Our gain-share business model ensures we only earn revenue when our clients realize tangible savings, aligning our success with yours. We focus exclusively on eight critical expense categories, including pharmacy, medical supplies, and energy costs, leveraging subject matter experts to deliver measurable results. Our clients benefit from immediate savings, often recouping past overpayments while building sustainable financial health. By handling the complexities of vendor negotiations and cost analysis, we free organizational leaders to prioritize resident care and operational excellence.Our approach combines industry-specific expertise with transparent reporting, ensuring clients fully understand the value of every dollar saved. HMS serves continuing care retirement communities, skilled nursing centers, and hospice care providers, among others, with a commitment to improving margins without compromising quality. Our team's deep understanding of senior care challenges, including rising labor costs and Medicare reimbursement fluctuations, enables us to deliver targeted solutions that address current pressures while supporting long-term growth. We measure success not just in financial terms but in the enhanced ability of our clients to invest in their residents' well-being and staff development.
Services
Pharmacy Cost Negotiation
Food Service Management
Medical Supplies Analysis
Telecom Expense Reduction
Energy Cost Optimization
Diagnostic Services Review
Office Supply Negotiations
Waste Management Savings
Highlights and features
- We have over 30 years of experience in healthcare financial analysis and contract negotiations.
- Our gain-share model ensures we only earn revenue when clients realize tangible savings.
- We specialize in eight critical expense categories with dedicated subject matter experts.
- Our transparent reporting provides full visibility into every dollar saved.
- We serve senior care organizations nationwide, including skilled nursing and rehab centers.
What people say
Saved over $440,000
Thorough research
No-risk business model
30% cost reduction
Transparent reporting
Services
Pharmacy Cost Negotiation
Our pharmacy experts analyze medication procurement costs and renegotiate contracts to secure discounted rates. We identify overpayments and implement cost-control protocols while maintaining medication quality. Clients benefit from immediate savings and ongoing price monitoring.
Energy Cost Optimization
We audit energy consumption patterns and renegotiate utility contracts to reduce monthly expenses. Our experts implement efficiency measures and leverage deregulated market opportunities. Savings are achieved without compromising facility comfort or operational needs.
Telecom Expense Reduction
We analyze communication infrastructure costs and renegotiate contracts for internet, phone, and data services. Our team identifies redundant charges and implements cost-effective technology solutions tailored to senior care operations.
Medical Supplies Analysis
We review medical supply procurement processes and negotiate better pricing with distributors. Our team identifies alternative suppliers and implements inventory management systems to reduce waste and overstocking costs.
Diagnostic Services Review
We evaluate diagnostic testing costs for lab work and imaging services. Our experts negotiate better per-test rates and identify opportunities for bulk pricing or alternative service providers while maintaining quality standards.
People
Chris Carroll
President & Co-Founder
15-year healthcare industry veteran with expertise in long-term senior care. Former IT and oil & gas professional holding an MBA from Drexel University. Military veteran committed to improving senior care margins.
Veronica Carroll
Administrative Support Manager
Certified nursing assistant with on-site senior care experience. Manages HMS operations and back-office functions while maintaining a passion for improving senior living standards through organizational support.
Tina Maloney
Business Analyst
Education graduate with 30+ years in early care and education leadership. Specializes in supporting caregiving organizations through data-driven financial analysis and operational improvements tailored to senior care needs.
Scott Russell
Pharmacy SME
Licensed pharmacist with 15+ years in long-term care pharmacy operations. Former PharMerica executive specializing in contract negotiations and cost-savings protocols for medication procurement and distribution.
Denise Munro
Telecommunications SME
Technology infrastructure expert specializing in cost analysis for telecom, data, and internet services. Helps senior care organizations optimize communication expenses while maintaining necessary connectivity standards.
Questions
How does HMS help senior care organizations save money?
We analyze eight key expense categories and negotiate better rates with vendors, ensuring measurable savings through our gain-share model.
What types of organizations does HMS work with?
We specialize in serving continuing care retirement communities, skilled nursing centers, home health companies, and hospice care providers.
Is there a risk to working with HMS?
No. Our gain-share model means we only receive payment when we deliver verifiable cost savings to your organization.
How quickly can HMS deliver savings?
Clients typically see initial savings within 8 weeks, with ongoing reductions as we optimize multiple expense categories.
What expense categories does HMS address?
We focus on pharmacy, food services, medical supplies, telecom, energy, diagnostic services, office supplies, and waste management.
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