How Do We Finacially Recover During Covid-19 This article was written by Lisa Miller. As the healthcare sector continues to navigate its way through the global crisis, hospitals are seeking ways to take steps to financial recovery during COVID-19. According to one report from the American Hospital Association, revenues and volumes “have fallen off a cliff.”
Engaging Employees to Improve Patient Care and Engage Cost Reduction This article was written by Lisa Miller. Of the 30 fastest growing occupations from 2018-2028 revealed by the Bureau of Labor Statistics, 18 are in healthcare and associated jobs. [1] In the face of a severe skills shortage, adopting a focus on employee engagement enhances
Successful Healthcare Roadmap for Savings This article was written by Lisa Miller. Every hospital needs a cost savings roadmap for success aligned to a bold vision for their organization. At VIE Healthcare, we define eight clear steps for that roadmap, summarized below. As you consider your vision, my suggestion to you is to imagine having
This video was brought to you by Denise Bisogno. Establishing Cohesive Partnerships In this video, Denise Bisogno discusses her role at VIE Healthcare, some of the most rewarding parts of being on our team, and our approach to achieving results for our clients. Denise began her career with VIE Healthcare Consulting in 2002, bringing over
Implementing COVID-19 Cost Saving Strategies This article was written by Lisa Miller. For many hospitals, the extent of the COVID-19 cost impact may not be fully known for some time. Meanwhile, the finances of most health systems remain precarious. As an update to our initial COVID-19 response, we review the current situation and offer additional cost
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
This article was written by Sue Farkas and Jim Cagliostro. Cost Savings and Efficiency of Nurses Nurses increasingly play an integral part in helping health systems to identify cost savings, improve efficiencies, and deliver better patient care. For years, hospitals have faced the reality of growing financial strain. Increasing debt, decreasing revenues and insufficient reimbursement
Healthcare Pandemic Guide – Post Recovery This research report was compiled by Jim Cagliostro. The COVID-19 pandemic has devastated countries around the world. From the overwhelming loss of life to record unemployment levels, the emotional and economic impact of this virus on the nation is unprecedented. But, it does not have to be the end
5 Components to Profit Losses in Hospitals This article was written by Lisa Miller. The push towards price transparency and value based care continues, placing additional pressure on already squeezed hospital margins. For organizations seeking additional strategies to drive margin improvement, here are 5 ways your hospital is losing money – and how to stop
3 Approaches to Management Cost Savings This article was written by Pandush Mitre. The implementation of a sustainable cost savings and management system in your healthcare organization begins with the reconciliation of your existing contracts and invoices. This is achievable with three steps to a total management cost savings approach. In this article, I will share
Consistency is Key This article was written by Lisa Miller. Albert Einstein gave his students at Princeton the exact same final exam every semester for twenty years. After just a couple of years, his students figured out the predictability of the questions, and so did his fellow professors. One of his peers asked him why
This article was written by Lisa Miller. Cost Savings Spring at Year End Last month—one of our clients needed to make a big impact in their year-end cost savings goals. They asked me how VIE Healthcare could help them in support of this pressing goal of achieving cost savings within 30 – 60 days. I
