hospital cost optimization Archives - VIE Healthcare Consulting

VIE Healthcare hospital cost optimization

Do You Have High Performing Contracts featured
Healthcare Contract Management
Lisa Miller

Do You Have High Performing Contracts?

It takes a lot of work to get a high performing contract in place. They don’t just happen from an RFP or a benchmarking exercise or from obtaining terms through your GPO. A high performing contract is built on four key areas: Analysis Strategy Negotiation Performance Management Let’s discuss a contract renewal. We recommend that you internally run a report or obtain 12 months of invoices

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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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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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Cost Savings
Lisa Miller

10 High Performing Strategies For Cost Savings

This article was written by Lisa Miller. As healthcare leaders direct their focus to 2021, implementing high performing strategies for cost savings has to be a priority. At the time of writing, 32 US hospitals have filed for bankruptcy in 2020[1]. Reimbursement challenges, falling patient volumes and financial challenges arising from the pandemic are likely to

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Benchmarking
Lisa Miller

How to Benchmark Effectively For Cost Savings

This article was written by Lisa Miller. Benchmarking is the third of the four mission critical components to manage your hospital’s outsourced agreements and uncover vital areas for margin improvement. In this article, I explain how to benchmark effectively for cost savings. The first component is gaining access to your line item details to understand your

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Press Releases
Lisa Miller

VIE Healthcare Consulting Achieves HIPAA Compliance with Compliancy Group

VIE Healthcare Consulting is pleased to announce that it has taken all necessary steps to prove its good faith effort to achieve compliance with the Health Insurance Portability and Accountability Act (HIPAA). Through the use of Compliancy Group’s proprietary HIPAA solution, The Guard™, VIE Healthcare Consulting can track their compliance program and has earned their

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Purchased Services
Lisa Miller

Access To Line Item Details Saves Your Hospital Money

This article was written by Lisa Miller. In a recent article, I outlined the four mission critical requirements that every hospital needs for effective management of your outsourced agreements. Access to your line item details is the first mission critical component. Purchased services – or your outsourced agreements – probably comprise around 50% of your hospital’s

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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.