RIC, LLC | 8175 E. Evans Road. Unit 12128 | Scottsdale, AZ 85267 | 414.750.1586 A Children's Hospital based in the Midwest had a major industry vendor as their records storage provider. The hospital had multiple legacy agreements and over 16 customer IDs with no consistent pricing structure, different rates, and terms per agreement. With an inventory of over 44,000 cubic/linear feet of storage being billed under different accounts, the hospital could not capitalize on a volume discount. Rate increases averaged over 4% per year among all contracts. In 2017, the hospital’s average spend was over $268K with a projected 3.75% increase to $278K in 2018. The hospital also had a high accrued contingent liability in place of over $1.3mm ($30.40 CF/LF). Another major expenditure the hospital faced

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