VIE HEALTHCARE BLOG

From interviews and articles to analyses and reports, discover how to increase your hospital’s operating margin through non-labor cost savings.

3 Foundations To Improve Your Cost Structure
Cost Savings
Lisa Miller

3 Foundations To Improve Your Cost Structure

Implementing changes to improve your cost structure to realize savings must be a priority for healthcare leaders. As the US stands on the cusp of a new era of price transparency, healthcare costs rose to $3.6 trillion in 2018[1], while rural hospitals saw a record number of closures in 2019. [2] These three foundations to

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How to Manage Your IT Healthcare Spend
Cost Reduction
Lisa Miller

How to Manage Your IT Healthcare Spend

To ensure that costs are managed effectively, your hospital must adopt robust strategies and learn how to manage your IT healthcare spend. Technology has the potential to drive healthcare forward, make it more accessible, improve operational efficiencies and enable your hospital to provide better patient care. However, barriers to effective benchmarking exist. Technological advancements are

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5 Steps to Physician Preference Item Optimization
Physician Preference Items
Lisa Miller

5 Steps to Physician Preference Item Optimization

Physician preference items (PPIs) are often comprised of the most expensive products ordered by hospitals and can have a negative impact on your hospital’s operating margins. In this blog, I outline 5 key steps to physician preference item optimization. The True Cost of Physician Preference Items The most successful healthcare organizations know how to optimize

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outsource providers feature
Cost Reduction
Lisa Miller

Understanding The Terms of Your Outsourced Agreements

Understanding the clinical, financial and operational terms is the second of the four mission critical components essential to manage your outsourced agreements and identify vital cost savings for your hospital.  Most of the time, we find that hospitals instinctively want to begin with benchmarking, but this is the third step in the process.  The first

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Do You Have High Performing Contracts featured
Healthcare Contract Management
Lisa Miller

Do You Have High Performing Contracts?

It takes a lot of work to get a high performing contract in place. They don’t just happen from an RFP or a benchmarking exercise or from obtaining terms through your GPO. A high performing contract is built on four key areas: Analysis Strategy Negotiation Performance Management Let’s discuss a contract renewal. We recommend that you internally run a report or obtain 12 months of invoices

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NegotiateWithVendorsFeature
Negotiation in Healthcare
Lisa Miller

3 Reasons To Negotiate With Your Vendors

In this blog, I outline three reasons for your hospital to negotiate with your vendors. How does your health system approach pricing and contract negotiations with your vendors?  Financial pressures on hospitals remain strong.  The current healthcare environment is extremely challenging for all healthcare organizations. The American Hospital Association (AHA) predicts that up to half

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outsrouced agreements
Purchased Services
Lisa Miller

4 Mission Critical Requirements For Your Outsourced Agreements

All hospitals rely on outsourced agreements and services to deliver quality patient care, but they are complex, with financial and operational implications. In this new blog series, we will cover the four mission critical requirements to effectively manage your outsourced agreements (also referred to as purchased services). In this introductory article, we highlight those four

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7 Steps to Optimize Outsourcing For Your Hospital
Supply Chain Management
Lisa Miller

7 Steps to Optimize Outsourcing For Your Hospital

For hospital leaders required to deliver margin improvements, generate more revenue and provide value based care, hospital outsourcing can be an attractive solution. Before making that decision, I advise reviewing my 7 steps to optimize outsourcing in your hospital in order to ensure high performance from your providers. Outsourcing is a growing market in US

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price transparency feature
Cost Savings
Jim Cagliostro

A Plan For Price Transparency

This article addresses the CMS rules on price transparency and how your organization should respond. As of January 2021, hospitals in the US are required to provide price transparency in a way that has never been seen before. Every hospital must deliver a plan for price transparency. Healthcare is one of the most regulated, if

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Hospitals Turn to Data Analytics to Reduce Costs Improve Quality of Care featured
Healthcare Analytics
Lisa Miller

Hospitals Turn to Data Analytics to Reduce Costs, Improve Quality of Care

The storage, processing, and analysis of big data plays a significant role in the decision-making process in many of today’s industries. The healthcare sector, notably hospitals, must effectively capture and process big data with analytics to achieve higher quality patient care through new technologies. As a result, data analysis plays an integral role in improving

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Uncovering Overlooked Costs and Spend Sources In Your Hospital
Cost Reduction
Lisa Miller

Uncovering Overlooked Costs and Spend Sources In Your Hospital

Uncovering overlooked costs and spend sources is vital to ensuring your hospital maximizes its profit margins. US healthcare costs are projected to continue to rise by an average annual rate of national health spending growth of 5.5% through 2027 according to the Centers for Medicare & Medicaid Services (CMS). [1] While all hospitals monitor their

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VIE Healthcare 3 Step Process Icon

How VIE Can Help

VIE Healthcare Consulting helps hospitals reduce costs while improving the patient experience. Learn more about the simple 3 step process to work with us.
VIE Healthcare Hospital Cost Reduction Forum

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The Hospital Cost Reduction Forum is an online community of supply chain, finance and department leaders who want to connect and communicate with their peers.