Optimize Your Current Revenue Streams
Common options for increasing profit margins include new capital expansions, cost cutting and raising prices. These can take a great deal of time and may negatively impact patient care, satisfaction and ultimately your bottom line in both the near and long-term.
Parking is an important revenue stream often overlooked to grow your bottom line. “What Clients Gain” is revenue growth of 10%, 25%, and even 200% through Cornerstone’s application of the best practices available to grow parking revenue today. One client stated, “The revenue you generate saves nursing jobs.”
Optimizing revenue is not a one-time event. Nor is it gained by wiping out existing staff, cutting wages, or instituting price increases. Consistent, yearly growth is attained through persistent, detailed, and experienced oversight that understands the critical parking areas that typically lead to loss when not managed effectively. Our experience shows that prior to our arrival, parking revenue already present every day on your campus can slip through the system and go unrealized. This does not have to happen any longer.
By assessing your parking operation, we can easily pinpoint ways to grow your profit margin. Through Cornerstone management of your parking details, you can expect a 12-18% revenue increase over a 12-15 month period. As we further assess your operation and fine-tune policies and practices that match your campus environment, growth of 25% and even 200% can be experienced.
What can this mean for you and your patients?
- Reduce FTE cuts
- Avoid elimination of critical patient care services
- Attain or maintain positive net margins that result in additional medical reinvestment resources
Call 866-568-4803 to optimize your revenue.