Aggregate Spend – Conversations With VIE


This video was brought to you by Lisa Miller.
In this video, we discuss why aggregate spend analysis and benchmarking from your agreement will leave money on the table and simply doesn’t work.
Here’s an example.
We had a client that asked us to look at their medical gas costs and to see if we could perform an analysis.
At first glance, and where most hospitals and organizations would stop, there didn’t appear to be many areas for improvement. In fact, just benchmarking from their total spend and reviewing the agreement for pricing opportunities would’ve likely yielded a 2-3% improvement and the hospital would’ve likely evaluated whether or not it was truly of benefit to pursue and allocate resources to achieve the 2-3% better pricing.
However, VIE Healthcare is different.
Through our thorough analysis and review of 12-month invoice data, we discovered (as we often do) an entirely different story. There was a clear disconnect between the invoices’ line-item pricing compared to the agreements.
The disconnect was so large that VIE Healthcare was able to secure a $180,000 credit on the hospital’s annual spend of $240,000.
You simply can't risk the amount of money you could be leaving on the table through an aggregate spend analysis and benchmarking from your agreement. Click To Tweet
Learn more about this specific example in the video above and how VIE Healthcare Consulting can help your hospital in cost-saving initiatives.
Schedule a call today: For a complimentary consultation, call our office today at 1-888-484-3332, Ext 500 or email us at [email protected]

Lisa Miller

Lisa Miller

Lisa Miller is a consultant, speaker, and podcast host. Her consulting firm, VIE Healthcare, has provided services to over 1,000 hospitals and organizations since 1999.

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DOWNLOAD FREE REPORT

Discover 15 Effective Cost Savings Strategies That Most Hospitals Can Apply Right Now

Learn how these five principles can help you reduce costs immediately.

VIE Healthcare 15 Effective Cost Savings Strategies Report Cover Image

A strategy developed from analyzing over 5,000 hospitals

A simple step-by-step plan in plain language

Proven processes to organize and motivate your team to find savings

We protect your information