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

2021 Effective Hospital Supply Chain Management Strategies featured 1
Supply Chain Management
Lisa Miller

2021 Effective Hospital Supply Chain Management Strategies

Efficient supply chain performance is the cornerstone of success for today’s leading hospitals. With the ability to turn an under-performing medical center into a model of operational excellence, a highly functional supply chain is the most powerful tool in a hospital administrator’s arsenal. Below is a look at the key role supply chain activity plays

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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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negotiate contract vendors feature
Supply Chain Management
Lisa Miller

The Best Ways For Hospital Supply Chain Leaders to Negotiate Vendor Contracts

Learn the 10 best practices to strengthen your hospital’s negotiation strategies. To secure the best possible terms and pricing in your vendor contracts, your supply chain must be highly skilled in negotiation strategies. That requires health systems to identify the best ways for hospital supply chain leaders to negotiate vendor contracts. But with so many

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yourplanforcostsavingsfeatured
Purchased Services
Lisa Miller

Your Plan For Hospital Cost Savings Opportunities Starts Here

With the potential for significant margin improvement in the analysis of purchased services spend, your plan for hospital cost savings opportunities starts here.  Analysis of purchased services spend – also referred to as outsourced services – is becoming more prevalent in healthcare.  The focus on purchased services spend I believe this emerging focus on purchased

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hospital supply chain management feature
Supply Chain Management
Lisa Miller

7 Strategies That Will Transform Your Hospital’s Supply Chain Management

7 Strategies That Will Transform Your Hospital’s Supply Chain Management Efficient supply chain management can lead to many benefits for your hospital, including: Increased operational efficiency in healthcare. A robust and dependable supply chain allows healthcare professionals to deliver superior patient care and provide excellent customer value. Reduced waste. Lean inventories, process efficiencies, and product

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improve financial feature
Cost Savings
Lisa Miller

How To Improve Hospital Financial Performance

How to Improve Hospital Financial Performance A thorough guide on the steps your hospital can take to improve its financial performance and reduce costs. Table of Contents: Focus on reducing overall spending. Maintain a competitive edge. Utilize green initiatives. Keep readmissions down. Avoid wasteful testing and supply use. Enhance patient satisfaction. Make smart investments in

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The Hidden Cost Savings In Your Purchased Services Spend featured
Purchased Services
Lisa Miller

The Hidden Cost Savings In Your Purchased Services Agreement

This article was written by Lisa Miller. The Hidden Cost Savings In Your Purchased Services Agreement The Cost Savings are in Your Purchased Services Invoice Line-Item Details Analyzed To Your Purchased Services Agreement Purchased Services Agreement Over the past few years, consulting companies, technology solutions and GPOs have entered into the purchased services spend management

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reduce purcahsed services costs feature
Purchased Services
Lisa Miller

Practical Ways To Reduce Purchased Services Costs

 Practical Ways To Reduce Purchased Services Costs This article was written by Lisa Miller. Reduce purchased services costs Rising costs are prompting healthcare providers to revisit their labor and non-labor expenses. Learn how to identify ways to reduce purchased services costs. Hospitals are facing increased public scrutiny in light of skyrocketing healthcare costs. While many point

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Why Lean Consulting Is A Powerful Strategy For Your Hospital 1
Featured
Lisa Miller

Why Lean Consulting Is A Powerful Strategy For Your Hospital

This article was written by Lisa Miller. Today’s healthcare organizations face increasingly fewer resources and higher costs. Many struggle to operate efficiently without compromising either their operating margins or patient care. Lean consulting is a powerful strategy for your hospital which can transform these key areas. What is Lean Healthcare? One of the principles we

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Discover the Cost Cutting Opportunities In Your Line Item Details
Cost Savings
Lisa Miller

Discover the Cost Cutting Opportunities In Your Line Item Details

This article was written by Lisa Miller. Significant potential for cost cutting opportunities exists in your hospital’s line item details. But managing your purchased services spend isn’t the same as running regular medical/surgical discrepancy reports in your hospital. In recent years, there has been a renewed focus on cost saving initiatives in purchased services, but

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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

Join our private forum for healthcare providers.

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.