hospital cost savings Archives - VIE Healthcare Consulting

VIE Healthcare hospital cost savings

What Led You to Start VIE Healthcare featured 1
Videos with Lisa
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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Cost Savings
Lisa Miller

6 Key Questions For Hospital Cost Savings Opportunities

As hospitals emerge from the impact of COVID-19, creating a proven strategy for hospital cost savings is mission critical. In this blog, I outline the 6 key questions for hospital cost-savings opportunities that you must be asking. The pressure to make cost savings for hospitals As operating margins fall, we are witnessing an unprecedented pressure

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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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5 Step Strategic Approach Conversations With VIE
Conversations With VIE
Lisa Miller

5 Step Strategic Approach – Conversations With VIE

This video was brought to you by Lisa Miller and Rich Dormer. Identifying and achieving cost savings in your hospital needs to be done with care and constant monitoring. It needs a dedicated, strategic approach to ensure accuracy and success. VIE Healthcare Consulting has formulated a 5 step strategic approach that your hospital can use

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Uncovering Overlooked Costs and Spend Sources In Your Hospital
Cost Reduction
Lisa Miller

Uncovering Overlooked Costs and Spend Sources In Your Hospital

Uncovering overlooked costs and spend sources is vital to ensuring your hospital maximizes its profit margins. US healthcare costs are projected to continue to rise by an average annual rate of national health spending growth of 5.5% through 2027 according to the Centers for Medicare & Medicaid Services (CMS). [1] While all hospitals monitor their

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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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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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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.