The CARES ACT in Hospitals This article was written by Lisa Miller. Learn how to secure the funding due to your hospital. On March 27, 2020, the president signed The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which includes a $100 billion fund to support healthcare organizations like yours. These funds will be provided
Using Data Analysis with Physicians This article was written by Lisa Miller. Our third and final blog on Physician Preference Items (PPIs) focuses on why data analysis is the key to cost savings. Our first blog explored best practices to identify and realize cost savings, followed by a focus on the importance of price transparency
This article was written by Lisa Miller. Comprehensive Care for Joint Replacement Proposed Changes The Center for Medicare and Medicaid Innovation Center has been testing various bundled payment models with the goal of providing high quality and efficient patient care to Medicare beneficiaries while reducing the cost of care. In this article, I outline the
Making Physicians Aware of Costs This article was written by Lisa Miller. In our first blog on Physician Preference Items (PPIs), we explored best practice to identify and realize cost savings. In part two, our focus turns to price transparency. Introduction/recap Physician Preference Items (PPIs) are defined as preferred supplies, instruments, implants or medical devices
This article was written by Lisa Miller. Cost Savings With Physician Preference Items Successful supply chain management in 2020 requires a strategic, data driven management approach to cost savings. In this first part of our blog series on Physician Preference Items (PPIs), we will outline best practice to achieve those cost savings. Introduction Physician Preference
Social Determinants of Health This article was written by Lisa Miller. This blog is the second and final part of our research proven SDOH (Social Determinants of Health) strategies for your hospital. You can read the first part here. Introduction In order to address the root causes of poor health and high hospital utilization, health
This article was written by Jim Cagliostro. Remaining Competitive in the Healthcare Marketplace According to the Health Care Cost Institute (HCCI), nearly 75% of US hospital markets are considered highly concentrated. If this is the case, how can your hospital remain competitive in the marketplace? While many factors contribute to a high concentration of hospitals,
Innovative Strategies To Improve Margins This article was written by Lisa Miller. The financial pressure on hospitals continues unabated, forcing healthcare organizations to seek out more innovative hospital cost savings strategies. At the beginning of 2019, it was predicted that, as margins continue to deteriorate in healthcare, the ‘hospitals that manage their costs the best
6 Findings for Rapid Cost Reduction This article was written by Lisa Miller. Since 1999, VIE Healthcare Consulting has been responsible for hundreds of solutions, and ideas for expense reduction for health systems around the country. In this blog, I outline six strategies for rapid cost reduction in your hospital that you may be overlooking:
Bundling Payments To Maximize Profit This article was written by Lisa Miller. Bundled payments – also referred to as episode-based payments – have significantly changed the way in which healthcare providers manage care, but it is still possible to maximize profits from your hospital’s bundled payments. What are bundled payments? According to the American Hospital
Approaching Improvements To Your Hospital Margins This article was written by Lisa Miller. One would think that patient care, employee performance and financial margins would reach optimal levels in the US if the US healthcare consumption represents 17.2% of its GDP, and yet, US health outcomes are worse here than in other countries. Thankfully, there
