This video was brought to you by Rich Dormer and Bryan Covert. Data Interpretation and Analyzation There are three major challenges that hospitals are facing in achieving cost savings: 1. Obtaining, Analyzing and Interpreting Data The issue behind this challenge for hospitals isn’t necessarily that they don’t know how to obtain, analyze and interpret data, but
This video was brought to you by Lisa Miller and Bryan Covert. VIE’s Approach to Healthcare’s Engagement In this video, we discuss VIE Healthcare’s approach to physician engagement. We often hear from our clients that they’re surprised by how effective our approach is in engaging physicians in cost reduction initiatives. Just one of the
This video was brought to you by Lisa Miller and Rich Dormer. What Separates VIE From the Rest? In this video, Lisa Miller and Rich Dormer discuss what separates VIE Healthcare Consulting from the pack and makes us the premier choice for hospitals. 1. We’ve Been in Business Since 1999 We’ve been in business
Lean Consulting Is a Powerful Strategy This article was written by Lisa Miller. Today’s healthcare organizations face increasingly fewer resources and higher costs. Many struggle to operate efficiently without compromising either their operating margins or patient care. Lean consulting is a powerful strategy for your hospital which can transform these key areas. What is Lean
5 Strategic Profitability Improvements For Hospitals This article was written by Lisa Miller. Financial pressures remain a challenge for many health systems.1 As hospital leaders look for more effective ways to implement effective long-term cost savings across their organization, we suggest five ways to improve profitability in your hospital. They are: 1. Administrative costs The
Improve Financial and Efficiency Performance in Hospitals This article was written by Lisa Miller. Enterprises across every sector are continually involved in the collection, processing, and analysis of massive flows of big data to improve efficiency and profitability. The healthcare industry, notably hospitals, is no exception as they attempt to balance quality health care delivery with
This article was written by Lisa Miller. Waste Reduction and Better Patient Care The growing issue of waste in healthcare recently hit the headlines. As I observed in this recent blog, a recent published study suggests that waste costs healthcare organizations between $760 billion to $935 billion each year – around a quarter of all
This article was written by Lisa Miller. Successful Hospital Cost Savings Strategy Robust cost management is now imperative for every hospital. Adopting VIE Healthcare’s 4 P’s (Plan, Process, Project Management, Performance) of a successful hospital cost savings strategy can help to drive margin improvement across your hospital. Increasing financial pressure on US hospitals There is no
This article was written by Lisa Miller. Saving Your Hospital Money with SDOH Strategies As the US healthcare sector continues to assess the fallouts from the pandemic, the impact of social and economic factors on patient health are being closely scrutinized. While your hospital plans its COVID-19 recovery strategy, I encourage you to include proven
Function on Narrow or Negative Operating Margins Research Report This research report was compiled by Jim Cagliostro. The COVID-19 pandemic exposed the danger of health systems continuing to function on narrow or negative operating margins. It has confirmed to healthcare leaders that, when hospital finances are under severe and constant pressure, there is minimal room
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
This article was written by Lisa Miller. Evolving Healthcare Budget Challenges Everybody involved in healthcare, from frontline nursing staff to hospital executives and healthcare consulting providers, recognize that change is the one constant factor in the industry. In part 1 of our hospital budgeting blogs, we explore the finance and budgeting challenges facing the evolving
