This article was written by Lisa Miller. Leadership & Experience in Difficult Times I. Introduction In late December of 2019, Wuhan, China reported a cluster of pneumonia infections to the WHO (World Health Organization). In early January 2020, the virus was identified as a novel coronavirus that appeared to be highly contagious. The virus spread
2020 Hospital Trends This article was written by Lisa Miller. As we begin a new year, we examine predictions for three disruptive healthcare trends for 2020 and how to incorporate the impact of these trends into an effective cost reduction strategy for your hospital. Social Determinants of Health (SDOH) SDOH is an issue we highlighted
This article was written by Lisa Miller. VIE Healthcare’s Different Analytics We are often asked what makes VIE Healthcare’s analytics different compared to other providers in the sector. After gathering feedback from our clients and reviewing our many successful margin improvement initiatives, here’s our answer: #1: Anticipation We anticipate what is happening in healthcare. This
Innovative Strategic Planning This article was written by Lisa Miller. Every hospital needs a strategic plan for innovation. In a disruptive healthcare environment, the hospitals that are willing to be creative, take risks, step outside of their comfort zone and serve their patients ultimately deliver enhanced patient outcomes. In my experience, the benefits of innovation
The 2019 Hospital Leadership Report This research report was compiled by Lisa Miller. EXECUTIVE SUMMARY Robust leadership in the healthcare sector has never been so critical. Delivering quality care and patient satisfaction while ensuring financial sustainability are just some of the issues facing today’s healthcare leaders. In this 2019 Healthcare Leadership Report from VIE Healthcare®
The Use of Radio Frequency Identification This article was written by Lisa Miller. Numerous benefits exist in the use of Radio Frequency Identification (RFID) technology in the hospital. These include the ability to provide real-time traceability of medical equipment, the location of your staff and even your patients. Recent improvements in RFID have also led
This article was written by Lisa Miller. Ambulatory Surgery Center Steps To Maximize Profits As Ambulatory Surgery Centers (ASCs) are predicted to become one of the fastest growth areas of the next decade in US healthcare, we outline six steps to maximize profits in your hospital’s ASC. The rapid growth of ASCs Ambulatory Surgery Center
6 Key Questions for Software License Optimization Navigating high volumes of software license renewals can be overwhelming for busy healthcare organizations without management strategies for cost reduction in place. It would not be unreasonable to assume that responsibility for all renewals and maintenance agreements should lie with the IT professionals. Unfortunately, an increasing amount of
Creative Change In Healthcare: Mergers and Acquisitions This article was written by Jim Cagliostro. If you work in healthcare, chances are you have experienced or will experience some sort of merger or acquisition. Changes with Medicare and Medicaid reimbursement and reporting, in addition to the push for increased coordination of care, has made system expansion the
Pharmaceutical and Laboratory Tests Optimizations What are the important steps to optimize reimbursement for your high-cost pharmaceuticals and laboratory testing? Here are five keys: 1. Document and code. Verify that prescribing physicians have adequately documented the order in the patient chart and that the medical records department recognizes the order and uses the ICD-10 procedure
Operating Rooms Produce the Most Revenue Why the need? As healthcare in this country shifts its focus to a more value-based model and as hospitals are being reimbursed less and less for services delivered, healthcare systems must adjust accordingly. No longer are hospitals reimbursed based strictly on the volume of care they provide- they are
Breaking Down Hospital Value-Based Purchasing This article was written by James Cagliostro. CMS has developed very specific measures in each of the following four domains to determine each hospital’s Total Performance Score (TPS). By gaining a fuller understanding of these measures, hospital administrator/staff will be more prepared to make decisions that will not only improve
