Hospitals spend between 55% to 65% of their expense on implants and management. For instance, these expenses can be found in the catheterization lab, the Operating room, and the Women’s Center, among many other departments in a hospital. Yet, the documentation for the implants is managed on slips of paper with stickers. Moreover, there can
How Much Do You Spend On IT 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
This video was brought to you by Rich Dormer and Bryan Covert. Some recent trends we’ve seen at VIE Healthcare Consulting, especially in total joint orthopedics, includes the usage of new materials for the same component. In the case of total knee replacement, we’re seeing the traditional plastic liner being replaced by one treated with
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
Applying IT Strategies in Hospitals This research report was compiled by Lisa Miller. Technology moves at incredible speed, is costly, needs a highly qualified IT staff, and requires a workforce that embraces change. However, meaningful data analytics can deliver unparalleled cost savings, improve patient outcomes and transform your hospital. Our focus is on delivering those
Modern Technology in Healthcare This article was written by Jim Cagliostro. Modern technology has transformed the way we communicate, travel, work, play, entertain, worship, eat, exercise, and even sleep. It continues to revolutionize healthcare in the US and around the world, but in participating in this change, is your hospital adding technology or adding value?
Four Critical IT Mistakes – Webinar This webinar was brought to you by Lisa Miller. In this webinar, you’ll learn about the four critical mistakes that hospitals make when negotiating with their technology service providers, as well as the number one way to reduce your healthcare IT costs in the next 90 days. As
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
Achieve Meaningful Costs Savings This article was written by Bryan Covert. The first step to achieve meaningful costs savings is to identify the initial opportunity, often helped by understanding data sources in healthcare. All healthcare organizations work with an overwhelming number of purchased services vendors, each one with their own unique nuances and contracting history. Identifying
The Cost of Technology in Hospitals Electronic health records, online patient portals that allow patients to view their personal health information, make payments, and schedule appointments online, as well as the costs to upgrade and maintain these systems, are just a few contributors to significant increases in healthcare technology costs. 40% of US healthcare providers
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