healthcare cost savings Archives - VIE Healthcare Consulting

VIE Healthcare healthcare cost savings

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Lisa Miller

What Led You to Start VIE Healthcare?

The first ‘a-ha’ moment to start VIE Healthcare came when I saved the materials manager of a hospital $250,000 in one specific area. Those cost savings were the result of a single casual conversation. From that moment I was hooked on identifying cost savings for hospitals and healthcare organizations. My early career in healthcare expanded

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Cost Reduction
Lisa Miller

Understanding The Terms of Your Outsourced Agreements

Understanding the clinical, financial and operational terms is the second of the four mission critical components essential to manage your outsourced agreements and identify vital cost savings for your hospital.  Most of the time, we find that hospitals instinctively want to begin with benchmarking, but this is the third step in the process.  The first

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Negotiation in Healthcare
Lisa Miller

3 Reasons To Negotiate With Your Vendors

In this blog, I outline three reasons for your hospital to negotiate with your vendors. How does your health system approach pricing and contract negotiations with your vendors?  Financial pressures on hospitals remain strong.  The current healthcare environment is extremely challenging for all healthcare organizations. The American Hospital Association (AHA) predicts that up to half

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Purchased Services
Lisa Miller

4 Mission Critical Requirements For Your Outsourced Agreements

All hospitals rely on outsourced agreements and services to deliver quality patient care, but they are complex, with financial and operational implications. In this new blog series, we will cover the four mission critical requirements to effectively manage your outsourced agreements (also referred to as purchased services). In this introductory article, we highlight those four

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Supply Chain Management
Lisa Miller

The Best Ways For Hospital Supply Chain Leaders to Negotiate Vendor Contracts

Learn the 10 best practices to strengthen your hospital’s negotiation strategies. To secure the best possible terms and pricing in your vendor contracts, your supply chain must be highly skilled in negotiation strategies. That requires health systems to identify the best ways for hospital supply chain leaders to negotiate vendor contracts. But with so many

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Purchased Services
Lisa Miller

Your Plan For Hospital Cost Savings Opportunities Starts Here

With the potential for significant margin improvement in the analysis of purchased services spend, your plan for hospital cost savings opportunities starts here.  Analysis of purchased services spend – also referred to as outsourced services – is becoming more prevalent in healthcare.  The focus on purchased services spend I believe this emerging focus on purchased

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Cost Savings
Lisa Miller

How To Improve Hospital Financial Performance

How to Improve Hospital Financial Performance A thorough guide on the steps your hospital can take to improve its financial performance and reduce costs. Table of Contents: Focus on reducing overall spending. Maintain a competitive edge. Utilize green initiatives. Keep readmissions down. Avoid wasteful testing and supply use. Enhance patient satisfaction. Make smart investments in

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Purchased Services
Lisa Miller

Practical Ways To Reduce Purchased Services Costs

 Practical Ways To Reduce Purchased Services Costs This article was written by Lisa Miller. Reduce purchased services costs Rising costs are prompting healthcare providers to revisit their labor and non-labor expenses. Learn how to identify ways to reduce purchased services costs. Hospitals are facing increased public scrutiny in light of skyrocketing healthcare costs. While many point

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Purchased Services
Lisa Miller

Outsourced or Insourced: What Is Cost Effective For Your Hospital?

This article was written by Lisa Miller. Outsourced, insourced or hybrid services? What is the most cost effective model for your hospital to maximize profit and continue to deliver exceptional patient care? Outsourced services can account for up to 40% to 50% of your organization’s non-labor spend. While outsourcing is regarded as standard across the US

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How VIE Can Help

VIE Healthcare Consulting helps hospitals reduce costs while improving the patient experience. Learn more about the simple 3 step process to work with us.
VIE Healthcare Hospital Cost Reduction Forum

Join our private forum for healthcare providers.

The Hospital Cost Reduction Forum is an online community of supply chain, finance and department leaders who want to connect and communicate with their peers.