This video was brought to you by Lisa Miller and Sue Farkas. Optimizing the Operating Room In this video, Lisa Miller and Sue Farkas discuss the biggest opportunities to reduce costs in the operating room. Namely, the following: Standardization of products. Analyzing variability of resources. Reviewing service line profitability. Our operating room optimization process
Engaging Employees to Improve Patient Care and Engage Cost Reduction This article was written by Lisa Miller. Of the 30 fastest growing occupations from 2018-2028 revealed by the Bureau of Labor Statistics, 18 are in healthcare and associated jobs. [1] In the face of a severe skills shortage, adopting a focus on employee engagement enhances
This article was written by Jim Cagliostro. Nurses and Hospital Cost Savings Healthcare in the United States is expensive. The US health care system spends almost twice as much as any other country without significantly better outcomes to show for it. [1] In formulating cost reduction strategies, we recommend that nurses must be included in
This video was brought to you by Denise Bisogno. Establishing Cohesive Partnerships In this video, Denise Bisogno discusses her role at VIE Healthcare, some of the most rewarding parts of being on our team, and our approach to achieving results for our clients. Denise began her career with VIE Healthcare Consulting in 2002, bringing over
A Growing Concern for the US Supply Chain This research report was compiled by Sue Farkas and Jim Cagliostro. In 2019, it was predicted that supply chain costs would overtake labor expenses as the #1 cost in US healthcare in 2020. Already aware of this growing trend, health systems have long sought out new strategies
Healthcare Pandemic Guide – Post Recovery This research report was compiled by Jim Cagliostro. The COVID-19 pandemic has devastated countries around the world. From the overwhelming loss of life to record unemployment levels, the emotional and economic impact of this virus on the nation is unprecedented. But, it does not have to be the end
Effective Cost Management This article was written by Lisa Miller. Change is recognized as the one constant factor in the healthcare sector. Sometimes that change is impossible to predict, as the COVID-19 pandemic has shown. Our two part blog series on finance and budgeting, summarized below, offers proven strategies and considerations to manage your hospital’s
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
5 Components to Profit Losses in Hospitals This article was written by Lisa Miller. The push towards price transparency and value based care continues, placing additional pressure on already squeezed hospital margins. For organizations seeking additional strategies to drive margin improvement, here are 5 ways your hospital is losing money – and how to stop
This article was written by Lisa Miller. Physician Preference Items Physician Preference Items (PPIs) are defined as preferred supplies, instruments, implants or medical devices that physicians choose to use in patient treatments. Our three part blog series on Physician Preference Items (PPIs), outlines essential strategies for cost management in this key area, which are summarized
Consistency is Key This article was written by Lisa Miller. Albert Einstein gave his students at Princeton the exact same final exam every semester for twenty years. After just a couple of years, his students figured out the predictability of the questions, and so did his fellow professors. One of his peers asked him why
Managing Budget and Healthcare innovation Effectively This article was written by Lisa Miller. In part 1 of our budget management series, we highlighted the many complexities which are found in the healthcare industry. In this second part, we explore effective budget management and healthcare innovation. Part 1 recap In our previous blog, in examining numerous
