This video was brought to you by Lisa Miller and Rich Dormer. In this video, Lisa Miller and Rich Dormer discuss some of the challenges hospitals have in their supply chain. They’re responsible for patient care and for facilitating the necessary supplies and services to patients and hospital professionals. Whether they’re putting out fires
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
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
This video was brought to you by Lisa Miller and Bryan Covert. In this video, we discuss VIE Healthcare’s approach to physician engagement. We often hear from our clients that they’re surprised by how effective our approach is in engaging physicians in cost reduction initiatives. Just one of the key reasons our approach leads
This video was brought to you by Lisa Miller and Rich Dormer. In this video, Lisa Miller and Rich Dormer discuss what separates VIE Healthcare Consulting from the pack and makes us the premier choice for hospitals. 1. We’ve Been in Business Since 1999 We’ve been in business and sustained our level of excellence
This video was brought to you by Lisa Miller and Rich Dormer. In this video, Lisa Miller and Rich Dormer discuss new technology and identifying cost-saving opportunities even when they’re first introduced. Each aspect of a healthcare organization has technology incorporated within it. From finance to telehealth and administration, not only does an organization need
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
This video was brought to you by Lisa Miller and Rich Dormer. In this video, Lisa Miller and Rich Dormer discuss the opportunities to save money in the operating room. For example, we’ve seen especially in the past 12-18 months, the biologics being utilized to increase costs. Stock items is another area to look
Bundled Payments and Revenue Strategies This video was brought to you by Lisa Miller and Rich Dormer. In this video, Lisa Miller and Rich Dormer discuss bundled payments and revenue strategies and the importance of a profitability analysis. “Am I spending too much?” This is a question virtually everyone asks themselves both personally and
This article was written by Lisa Miller. As the healthcare sector continues to explore its options for payment models, bundled payments are becoming more popular. To maximize profit from this type of payment model, I recommend three overlooked bundled payment strategies that I discuss below. The Rise in Popularity of Bundled Payments In a recent
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