ABOUT US
About Us
Budget Guard Holdings, LLC (Budget Guard) is a diversified company with insurance and equipment asset management operations. Our SystemsRx division was created specifically to address the challenges facing healthcare organizations – how to lower and control equipment support costs without compromising equipment uptime and patient care.
Our approach is to develop custom solutions to manage equipment related financial risk, while ensuring productivity and operational excellence by effectively managing the lifecycle of equipment assets that have a direct impact on each clients’ operations and performance.
Many vendors can sell multivendor service contracts that deliver short-term savings. With SystemsRx, you get a secure equipment maintenance insurance policy, related equipment asset management services, a robust partner network, and an unparalleled risk transfer model that delivers long-term savings.
Many vendors can sell multivendor service contracts that deliver short-term savings. With SystemsRx, you get a secure equipment maintenance insurance policy, related equipment asset management services, a robust partner network, and an unparalleled risk transfer model that delivers long-term savings.
As our client, you will receive a full consultancy service, which starts with a thorough analysis of your current equipment management situation. Once we understand your business needs and requirements, we will work with you to develop coverage, processes and reporting solutions customized for your specific needs.
Our Value Proposition
- We offer Guaranteed savings. We consistently reduce our clients’ equipment service contract spend by between 15% and 20%.
- Financial strength. While some of our competitors sell multivendor service contracts that may or may not be insured in the background, we offer a true equipment maintenance insurance policy that is underwritten by a highly rated insurance carrier.
- We love data! Our equipment asset management services are designed to provide accurate equipment inventories, service contract repositories, equipment service history, and regulatory compliance.
- Thought leadership. While our competitors want to keep you on the same financial model year after year, we are disrupting the industry by helping our clients self-insure their equipment management programs if that is their objective.
- Thought leadership. While our competitors want to keep you on the same financial model year after year, we are disrupting the industry by helping our clients self-insure their equipment management programs if that is their objective.
Our Team
We are dedicated to maintaining a staff of professional, knowledgeably, highly skilled, client-oriented agents and employees. Our team provides clients with diverse backgrounds in numerous disciplines to deliver optimal solutions for managing your equipment assets.
How We Get Paid
Budget Guard takes pride in the services we provide to you. For our efforts we are compensated in a variety of ways, primarily in the form of commissions and administrative fees paid by our insurance carrier and fees paid by clients for our equipment asset management services.
- Commission Income. Commission, calculated as a percentage of the equipment maintenance insurance premium we collect from you for your coverage, is retained by us for the servicing of your policy. As a Program Administrator, we handle distribution, underwriting, account management, claims, and loss control. We also maintain a proprietary software application that runs the entire equipment maintenance insurance program. Our commission is included in the premium paid by you and does not reduce the savings achieved by the equipment maintenance insurance program in any way. In fact, without our services, savings could not be achieved.
- Fees Paid by Our Clients. Our project-based equipment asset management services such as physical inventories, equipment database development and cleansing, service contract database development, maintenance management, and customized consulting projects that require additional resources, products, and services to complete are fee based, with amounts established based on the size and scope of each project. All fee-based costs are fully disclosed and agreed upon by you, our client, before any project begins.
- Bonus/Contingency Income. On occasion, we may receive additional compensation from our insurance carrier partner as a bonus for reaching targets for new business production, retention, and loss ratios. You may be tempted to think that our desire to maintain profitable loss ratios with our carrier may be a potential conflict of interest with representing your best interest and claims outcomes as our client. Rest assured that our business is far more successful and profitable when we deliver on expectations and retain the business of our clients through delivering savings and attentive service. Our primary objective is to grow our business by keeping your critical equipment running at its optimal performance and satisfying your specific needs.
- How We Are Not Paid. We are only paid by the methods described above. Unlike some of our competitors that sell parts or mark-up vendor labor charges, we have no vested interest in any equipment service or parts providers. Our commitment to you is that the vendors that service your equipment or sell you parts are selected by you with our consultation only. Our role is to identify and vet service and parts providers so that you can make informed decisions on which sources to utilize.
Service first. Value always. At Budget Guard we understand that one size doesn’t fit all. That is why we focus on building long-term strategic partnerships distinctly tailored to meet the equipment support and business needs of each client.
