MGMA manages to unlock $260K annual savings with ERA’s help.
Expense Reduction Analysts uncovered nearly $260k (21%) in annual savings for Medical Group Management Association after initiating projects in eight key expense areas.
As a member-supported association in the medical sector, providing industry information to 55,000 members, the organization must stay focused on its mission to empower medical practices. Thus, MGMA contacted ERA to ensure they were getting the best prices across their supply chain and making process improvements to their internal procurement system.
Utilizing ERA’s proprietary SpendVue analysis, ERA’s specialists were able to project $141k in annual savings for MGMA. After executing projects across eight expense categories, ERA’s supplier specialists found nearly $260k, doubling the projected savings.
Savings were found in commercial insurance, IT hardware & managed services, investment fees, merchant card fees, telecom expenses, print services, and banking.
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Our case study examines how a leading member association partnered with ERA to reduce its expenses across eight cost areas.
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"Partnering with ERA has enabled us to cut costs in many areas, even somewhere we wouldn’t normally look. That’s the benefit you get from working with analysts who are experts in their specific fields. We’ve also learned a lot from ERA about managing an effective RFP process and navigating the challenges that come along with replacing a vendor."