Cost Saving Initiatives – Conversations With VIE

by | May 22, 2020 | Conversations With VIE, Cost Savings, Videos

 

This video was brought to you by Lisa Miller and Rich Dormer.

In this video, Lisa Miller and Rich Dormer present a controversial idea surrounding cost savings at your hospital.

Namely, that your cost saving initiatives are a delayed reaction to effective cost management systems.

The problem with traditional cost savings is that areas of spend and agreements are looked at only once every two or three years. Click To Tweet

And, unless a major red flag comes up, hospitals get trapped in this vicious cycle of cost savings with far too infrequent reviews of key opportunities to save money.

Contrast that approach against a proven cost management process and the discipline of looking at the line item details every single month to capture pricing errors or operational improvements to save money in real time, rather than a few years later.

It’s not hard to identify the better approach.

Learn more in the video above as well as how VIE Healthcare Consulting can help your hospital achieve its financial goals.

For a complimentary consultation, call our office today at 1-888-484-3332, Ext 500 or email us at info@viehealthcare.com.

Contact VIE

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How to work with us

VIE Healthcare's simple 3 step process

VIE Healthcare's

simple 3 step process

Step 1

Schedule a Call

On your initial consultation call, we will want to learn about your goals and how VIE Healthcare® can support you and your team.

Step 2

We Analyze Your Data

The team at VIE Healthcare® will create a customized solution specifically focused on your hospital's needs and the outcomes you want to achieve.

Step 3

You Achieve Rapid Results

VIE Healthcare® will dedicate expertise and resources that support you and your team to your success.

Step 1

Schedule a Call

On your initial consultation call, we will want to learn about your goals and how VIE Healthcare® can support you and your team.

Step 2

We Analyze Your Data

The team at VIE Healthcare® will create a customized solution specifically focused on your hospital's needs and the outcomes you want to achieve.

Step 3

You Achieve Rapid Results

VIE Healthcare® will dedicate expertise and resources that support you and your team to your success.

Maximize your hospital’s profitability and enhance patient care.

Subscribe to The Cost Advantage of Healthcare Leaders and receive this special report with 15 Innovative Cost Savings Strategies

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Maximize your hospital’s profitability and enhance patient care.

Subscribe to The Cost Advantage of Healthcare Leaders and receive this special report with 15 Innovative Cost Savings Strategies

You have Successfully Subscribed!

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