VIE Healthcare
Cost Reduction
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iStock 612028684 min
Cost Reduction
Lisa Miller

Variables in Waste, Pricing and Usage Bring Cost-Saving Opportunities

Controlling Hospital Wasteful Behaviors This article was written by Lisa Miller. Too many hospitals struggle to control wasteful behavior, vague pricing structures and under-utilized resources that significantly affect their bottom-line. Many aren’t even aware that certain variables within these obstacles actually expose cost-saving opportunities. Where to Find Hospital Cost-Saving Opportunities Variables such as disparate systems,

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iStock 619262278 min
Cost Reduction
Lisa Miller

The Hospital and The Sales Rep

The Hospital and The Sales Rep This year’s predicted 5.3% increase in healthcare costs is part of an upward trend expected to propel spending up to $5.7 trillion by 2026¹ . The rising cost of medical goods and services contributes significantly towards that trend. While increased spending would normally equate to better quality for the

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The Challenge of Remaining Profitable as a Hospital
Cost Reduction
Lisa Miller

The Challenge of Remaining Profitable as a Hospital

Hospitals Financial Challenges Verity Health System of California, Inc., which operates 6 hospitals in northern and southern CA, filed for bankruptcy on August 31, 2018. The system did not find itself in this situation for lack of capable leadership. It is managed by billionaire and former surgeon Patrick Soon-Shiong, who also founded and sold multiple

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iStock 466332486 min
Cost Reduction
Lisa Miller

Hospital Cost Improvement Strategy

Hospital Financial Pressures “As a general principle…about one third (of hospitals) have margins that are above zero, probably about one-third of hospitals are pretty close to zero….and about one-third are running in the red.” Gary Young, Director of the Center for Health Policy and Healthcare Research at Northeastern University¹ Healthcare costs are on the rise.

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iStock 498908634 min e1547687266336
Cost Reduction
Lisa Miller

What We Achieve For Clients

The Essence of VIE Healthcare We’re often asked about the essence of VIE Healthcare and what we achieve for clients. That is, more specifically, what’s the focus of our business and how can we help our clients create great results? As an overview, we work with hospitals to identify and implement operational efficiencies to drive

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iStock 900665138 min
Cost Reduction
Lisa Miller

Are You Optimizing Generic Drugs?

Generic Drug Oprimizations There may be a big opportunity here for you in the name of optimizing generic drugs. In fact, even moving the needle just a little bit could create dramatic results for you.  Let’s start by sharing an important statistic. Although the US already has achieved a higher level of generic utilization than

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FiveQuickCostReductionAreas
Cost Reduction
Lisa Miller

Five Quick Cost Reduction Areas

Overlooked Costs That Should be Reduced Our firm has been responsible for hundreds of strategies, solutions and ideas for expense reduction. Let’s take a look at five which can be actioned right away, or at least reviewed or looked into. The first is unclaimed funds. You can go on your state’s website and look up

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OvercomingFinancialChallenges
Cost Reduction
Lisa Miller

Overcoming Financial Challenges

Financial Challenges and Overcoming Them You may be intrigued by this recent study by The American College of Healthcare Executives. Their study was on the top issues confronting hospitals and the number one issue that came up was financial challenges. Given that this is, not-so-surprisingly, a common issue that hospitals face, I wanted to share

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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.
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VIE Healthcare Hospital Cost Reduction Forum

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