The Growing Cost of Healthcare: How Better Supply Chain Management Leads to Cost Savings for Hospitals

by | Supply Chain Management, VIE Healthcare Blogs

This article was written by Lisa Miller.

As the cost of healthcare continues its relentless rise, hospitals margins are shrinking.

  • In 2019, the cost of US healthcare rose to $3.8 trillion.
  • Hospital expenses accounted for one third of all spending.
  • One in five hospitals are at risk of closure due to financial pressure.

Better supply chain management leads to major cost savings for your hospital and drives efficiencies in hospital care.

Transforming your supply chain management can reduce your hospital costs by up to 18% without impacting the quality of care. That equates to $11 million dollars every year. Click To Tweet

The future of hospitals lies in data based decision making.

Discover the overlooked cost saving opportunities in your supply chain with data based decision making. Transform your supply chain management with Invoice ROI™ from VIE Healthcare® Consulting, empowering you to deliver better patient care.

Invoice ROI™:

  • Automatically reconciles services invoices and contracts.
  • Identifies pricing errors and off contract spend.
  • Provides benchmarks for pricing outsourced services.

Thanks for visiting! 👋

Stay up to date on the latest posts from VIE Healthcare. Sign up to receive email notifications of new posts.

You can unsubscribe at any time.

Recent Research Reports


Archive Search

Discover 15 Effective Cost Savings Strategies That Most Hospitals Can Apply Right Now

Discover 15 Effective Cost Savings Strategies That Most Hospitals Can Apply Right Now

We are making this report FREE for a LIMITED TIME. In it you will learn how to maximize your hospital's profitability while enhancing patient care. The report includes:

  • A strategy developed from analyzing over 5,000 hospitals
  • A simple step-by-step plan in plain language
  • Proven processes to organize and motivate your team to find savings

Check your inbox and spam folder for your 15 Effective Cost Savings Strategies