SpendMend Completes Acquisition of VIE Healthcare Consulting

Increase Your Operating Margins By Applying Cost Optimization Frameworks

Used by Over 1,100 Organizations Since 1999

The VIE Healthcare Advantage -
The Only Comprehensive Cost Savings Solution™

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Identify New Ways to Reduce Your Costs

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Eliminate Unnecessary Costs. Healthcare providers need to find effective ways to reduce unnecessary overspending that impacts the organization's bottom line. Whether you're a pharmaceutical company, a healthcare provider, or working alongside the top healthcare brands, it's essential to eliminate spending waste.

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Optimize Spend Data Analytics. VIE can help health systems optimize their analytics to gain the most actionable insights from their data and EHR information. Healthcare providers can then use these analytics to make business-critical decisions, invest in new healthcare services, purchase new medical devices, and improve the patient experience.

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Accelerate Your Expense Reduction Initiatives. Brands within the healthcare industry seldom have the luxury of time. Top healthcare companies often want to see immediate results and review real-time data and EHR documents. By working with a consulting firm, you can accelerate new initiatives throughout your healthcare company.

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Benchmark Your Costs. When you establish firm cost and capacity expense benchmarks, it's easier to track performance against your local market and your global competitors. So whether you're in a saturated market like New York or you operate a rural hospital, it's important to set effective, realistic performance benchmarks that help keep your brand on track.

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Measure the Performance of Your Contracts

What Would a Perfect Cost-Savings Solution be Capable of?

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Ensure Results

It could deliver an experienced, thorough analysis of your existing contracts and spend to identify areas of maximum cost savings further. For clinicians, administrators, and CEOs within the healthcare space, it's essential to ensure results whenever possible. While top healthcare brands take risks, these are often calculated risks that are more likely to pay off and deliver results. Working with a consultant is another way to increase effects, implement best practices, and adhere to revenue cycle management protocols.

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Identify Savings

It could analyze every line-item detail of your historical spend, so we can understand every cost savings opportunity and know exactly what you need to contract for and at the right price. Top healthcare companies depend on thorough line item analyses to identify profits, explain data outliers, and account for variables. When clinicians identify savings opportunities, it's easier to manage payers, acquisition transactions, mergers, recruiting efforts, and more. You can also spot contract savings by reviewing payer contract line items and outstanding agreements with government agencies or third-party advisory services.

Rapidly Implement

Rapidly Implement

It would be able to perform this analysis quickly, so you can start controlling costs within days and weeks, not months or years. Whether you're looking to achieve regulatory compliance or you want to find the best way to implement lower-cost policies throughout your health system, VIE can help you examine your business model, implement financial changes, and rethink the ways you approach management services. With years of experience, we can help you address your outstanding healthcare costs, improve profits, and leverage big data to paint a complete picture of your fiscal health.

Introducing VIE Healthcare
We Deliver Healthcare Spend Analytics™

The Value VIE Healthcare Delivers

  1. Patented Technology gives you a complete picture of your supply and service spend so you can prioritize cost savings. This empowers every facet of your business, from your social workers to human resources and recruiting specialists. In addition, understanding how cash flows throughout your business can help you discover more creative solutions for utilization management.
  2. You have proven, deep, specialized expertise in the complexities of purchased services and clinical supply agreements, giving hospitals unrivaled insights into areas of cost savings. When you can save on contracts with payors, insurance companies, life sciences brands, or other managed services and products, it’s easier to enact immediate cost savings. You can then reallocate that funding for innovative solutions that can benefit your care model and help improve patient satisfaction.
  3. Cost savings are achieved in days and weeks, not months or years. Healthcare consulting companies and financial advisory services make it easier to achieve rapid results that can help promote greater business mobility, agility, and scalability. Whether you’re looking to save on telehealth spending or you want to invest in new research equipment for your biology or pharmaceutical departments, immediate cost savings lead to more effective health plans for your clinic or practice.
  4. Contract performance throughout the term of the agreement. Regular performance reviews help ensure you’re getting the most of your EHR data, contract savings, and other spend analytics insights that can financially empower your brand. So whether you’re in New York, Los Angeles, or somewhere in between, it’s essential to manage brand performance for the most significant possible impact consistently.
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Exceed industry norms and achieve pricing better than your peers.

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Analytic and sourcing resources that pay for themselves.

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Minimize costs for supplies and services.

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Maximize savings with our professional negotiation services.

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Gain physician buy-in and internal engagement.

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Maintain or improve healthcare while lowering costs.

Learn How We Help You

Expand Your Quality of Care Through Cost Reduction

How it works?

The simple VIE Healthcare three-step process.
How It Works Step 1 Schedule A Call VIE Healthcare

Perform Data Analytics

We provide a forensic review of your data.

How It Works Step 2 We Analyze Your Data VIE Healthcare

Identify Margin Improvement Opportunities

We develop a detailed roadmap for your organization.

How It Works Step 3 Acheive Rapid Results VIE Healthcare

Rapidly Implement

We accelerate margin improvement initiatives so you can meet your financial goals.

Proven Margin Improvement
For All Healthcare Organizations

Proven Margin Improvement for Independent Hospital

Independent
Hospitals

Proven Margin Improvement for Surgical Centers

Surgical Centers

Proven Margin Improvement for Academic Medica Centers

Academic Medical Centers

Proven Margin Improvement for Health Systems

Health Systems

Proven Margin Improvement for IDNs

IDNs

Proven Margin Improvement for Nursing Homes

Nursing Homes

Proven Margin Improvement for Physician Practices

Physician Practices

Proven Margin Improvement for Healthcare Payers

Healthcare Payers

100s of Organizations Assissted
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Organizations Assisted
700 Million Saved
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Million Saved
20 Years Experience
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Years Experience
3 Million Average Savings
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Million Average Savings

What Our Clients Say

Kerry Loudermilk

Senior Vice President & CFO

VIE Healthcare’s measurable cost impact on our organization’s bottom line was both immediate and sustaining. I could actually see the implemented savings documented on the invoice level.

VIE Healthcare brought a level of professionalism, creativity, and drive that was infectious to the management leadership throughout our organization and led to many successful cost savings initiatives for the Health System.
The dual vertical and horizontal communication approach VIE Healthcare took with the staff and management unified our organization and fostered efficient and effective results.

VIE Healthcare focused on many of the high-cost areas within our organization, including the Cardiac Cath Lab, OR, Laboratory, and Radiology, and was able to create substantial savings in each. In addition, VIE’s unmatched expertise in Purchased Services generated significant reductions in challenging areas such as Clinical Engineering, Dietary, and IT.

Bill Kennett

Vice President Supply Chain at Hospital for Special Surgery
Lisa and the VIE Healthcare team did an outstanding job on an expense reduction initiative at the Hospital for Special Surgery. The VIE Healthcare team worked closely with HSS staff to identify and implement significant cost-saving opportunities. Based upon their thoroughness, persistence, professionalism, and results delivered, I highly recommend the services provided by Lisa and the VIE Healthcare organization.

Kevin Burke

Director, Materials Management at Cape Regional Health System
Materials managers are always looking to maximize value for their organizations. At Cape Regional Health System we wanted to have an independent set of eyes review our supply chain spend to provide us with national best-practices and benchmarks. Best-practices and benchmarks that are objective and independent, based on a thorough understanding the healthcare supply chain. We weighed our options and selected VIE. Their program and people fit well for us. They were experienced, professional and worked quickly to identify opportunities for significant cost reductions.

About VIE Healthcare Consulting

At VIE Healthcare, we understand how necessary costs savings are for performing higher as an organization. That’s why we’ve spent the last 20+ years partnering with healthcare organizations to reduce and eliminate unnecessary costs. We believe when healthcare organizations can focus on innovative solutions, point of care improvements, and patient outcomes, they’re able to flourish. Our team of cost savings experts, data scientists, technology specialists, healthcare business analysts, and healthcare executives delivers accurate results. Since 1999, we have saved our clients over $700 million.
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Increasing Margins in Healthcare Through our Comprehensive Costs Savings Solutions Since 1999.

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Helpful Tips & Advice

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