This video was brought to you by Lisa Miller. Unnecessary Cost Extraction In this video, we discuss three ways to extract unnecessary costs in your purchased services spend. 1. Pricing Analysis It’s not just pricing within your GPO, but rather a pricing analysis that extends across the complete marketplace. You need to choose a
This video was brought to you by Lisa Miller and Rich Dormer. Ways to Save Hospital Costs In this video, Lisa Miller and Rich Dormer present a controversial idea surrounding cost savings at your hospital. Namely, that your cost saving initiatives are a delayed reaction to effective cost management systems. And, unless a major
This video was brought to you by Lisa Miller and Rich Dormer. OR Opportunities In this video, Lisa Miller and Rich Dormer discuss the opportunities to save money in the operating room. For example, we’ve seen especially in the past 12-18 months, the biologics being utilized to increase costs. Stock items is another area
Am I Spending Too Much? This video was brought to you by Lisa Miller and Rich Dormer. In this video, Lisa Miller and Rich Dormer discuss bundled payments and revenue strategies and the importance of a profitability analysis. “Am I spending too much?” This is a question virtually everyone asks themselves both personally and
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 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
Comprehensive Cost Awareness in the O.R. This article was written by Lisa Miller. Comprehensive cost awareness across a hospital requires an understanding of data and often vast amounts of information. To help to understand that information, we optimize cost management with Project CROS – Costs, Reimbursement, Outcomes and Social Determinants of Health. In this blog, we
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 video was brought to you by Richard Dormer. Conversation with Rich Dormer In this video, Rich Dormer discusses his role at VIE Healthcare Consulting, our approach to working with clients and what differentiates us from the competition. Rich serves as our Chief Operating Officer. With extensive knowledge of hospital expenses across the organization,
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
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:
