Hospital Spend Data Analysis

by | Sep 7, 2019 | Cost Reduction, Invoice ROI, VIE Healthcare Blogs

When it comes to reducing hospital purchased services expenses, accurate analysis of spend data is essential. Without a clear view of your hospital’s current costs, no amount of savings will make a difference. That’s why VIE Healthcare offers spend data analysis to help hospitals achieve massive cost savings.

Here at VIE, we specialize in identifying key areas for cost reduction. Our team of experts draw on nearly two decades of data analytics and healthcare expertise to rapidly deliver major cost savings—to the tune of millions of dollars.

Proper data analytics is key to maximizing cost savings for your hospital.

VIE’s expert data analysts collect data from disparate systems, put it together, and derive accurate insights for better cost-cutting strategies.

Our consultants provide detailed spend mapping for hospitals looking to:

  • Classify their spend and identify improvement metrics
  • Develop spend-reduction plans and risk-reducing purchasing policies
  • Review process and GAP analysis
  • Review spending policies and pricing agreements
  • Access spend analysis results online

Spend management services are also available to help hospitals:

  • Expand sourcing capabilities without adding headcount
  • Ensure all agreements and purchases are researched and evaluated
  • Track and measure supplier price compliance with audits
  • Reduce expenses and run “lean”
  • Manage supplier data and contracts online
  • Manage all supplier contracts by contract due dates
  • Partner with an elite team of sourcing experts

To learn more about VIE’s strategic spend analysis, call Lisa Miller at 1-888-484-3332 Ext 501 or email at [email protected].

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