Innovating Cost Reduction This article was written by Lisa Miller. One thing that US healthcare leaders have learned through the pandemic is the importance of cost management through innovation. A 2019 report found that nearly two-thirds of hospitals are slow to scale innovation and less than half have a mechanism for moving forward in this area,
Function on Narrow or Negative Operating Margins Research Report This research report was compiled by Jim Cagliostro. The COVID-19 pandemic exposed the danger of health systems continuing to function on narrow or negative operating margins. It has confirmed to healthcare leaders that, when hospital finances are under severe and constant pressure, there is minimal room
Effective Cost Management This article was written by Lisa Miller. Change is recognized as the one constant factor in the healthcare sector. Sometimes that change is impossible to predict, as the COVID-19 pandemic has shown. Our two part blog series on finance and budgeting, summarized below, offers proven strategies and considerations to manage your hospital’s
This article was written by Lisa Miller. Strategy for Hospital Recovery While COVID-19 continues to pose a global threat, healthcare organizations must begin to plan their recovery from this crisis now. A return to baseline will prove both costly and time consuming, but an effective, sustainable recovery doesn’t mean health systems settling for the status
Managing Budget and Healthcare innovation Effectively This article was written by Lisa Miller. In part 1 of our budget management series, we highlighted the many complexities which are found in the healthcare industry. In this second part, we explore effective budget management and healthcare innovation. Part 1 recap In our previous blog, in examining numerous
The CARES ACT in Hospitals This article was written by Lisa Miller. Learn how to secure the funding due to your hospital. On March 27, 2020, the president signed The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which includes a $100 billion fund to support healthcare organizations like yours. These funds will be provided
This article was written by Lisa Miller. Comprehensive Care for Joint Replacement Proposed Changes The Center for Medicare and Medicaid Innovation Center has been testing various bundled payment models with the goal of providing high quality and efficient patient care to Medicare beneficiaries while reducing the cost of care. In this article, I outline the
This article was written by Jim Cagliostro. Remaining Competitive in the Healthcare Marketplace According to the Health Care Cost Institute (HCCI), nearly 75% of US hospital markets are considered highly concentrated. If this is the case, how can your hospital remain competitive in the marketplace? While many factors contribute to a high concentration of hospitals,
Physicians Can Provide Quality Care at Lower Costs This research report was compiled by Lisa Miller. EXECUTIVE SUMMARY “Our goal is to empower hospitals to create the optimum patient experience, develop strong community partnerships, and build a unique bond between provider and patient.” Current US healthcare spending statistics are alarming. The Center for Medicare and
Looking for Solutions To Save Money and Improve Care? This article was written by Lisa Miller. Healthcare organizations looking for solutions to save money and improve care can overlook one key source of frontline insights – your patients. What patients know about saving money and improving care could provide your hospital with the answers it
This video was brought to you by Marie Egeland. VIE Healthcare Consulting: Marie Egeland In this video, Marie Egeland discusses her role at VIE Healthcare Consulting, and her journey into identifying her skills and talents and applying them in her work in our organization. Marie manages the project database to ensure that all of
Data Analysis Research Report for Healthcare When it comes to reducing hospital purchased services expenses, accurate analysis of spend data is essential. Without a clear view of your hospital’s current costs, no amount of savings will make a difference. That’s why VIE Healthcare offers spend data analysis to help hospitals achieve massive cost savings. Here
