Your Journey to 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
3 Structure Foundations to Improve Your Cost Implementing changes to improve your cost structure to realize savings must be a priority for healthcare leaders. As the US stands on the cusp of a new era of price transparency, healthcare costs rose to $3.6 trillion in 2018[1], while rural hospitals saw a record number of closures
This video was brought to you by Lisa Miller and Rich Dormer. Supply Chain Conversation In this video, Lisa Miller and Rich Dormer discuss some of the challenges hospitals have in their supply chain. They’re responsible for patient care and for facilitating the necessary supplies and services to patients and hospital professionals. Whether they’re
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
Understanding the Clinical Financial and Operational Terms 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
This video was brought to you by Lisa Miller. Telecommunications Conversation In this video, we discuss why it’s important for your hospital to consider conducting an annual telecommunications review. Here are three primary reasons: 1. Changes in the hospital With hospitals expanding, moving, closing down facilities, adding physician practices and other changes, it’s essential
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
Outsourcing For Your Hospital Optimization For hospital leaders required to deliver margin improvements, generate more revenue and provide value based care, hospital outsourcing can be an attractive solution. Before making that decision, I advise reviewing my 7 steps to optimize outsourcing in your hospital in order to ensure high performance from your providers. Outsourcing is
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
Price Transparency Strategy This article addresses the CMS rules on price transparency and how your organization should respond. As of January 2021, hospitals in the US are required to provide price transparency in a way that has never been seen before. Every hospital must deliver a plan for price transparency. Healthcare is one of the
Linking Analytics to Quality Care The storage, processing, and analysis of big data plays a significant role in the decision-making process in many of today’s industries. The healthcare sector, notably hospitals, must effectively capture and process big data with analytics to achieve higher quality patient care through new technologies. As a result, data analysis plays
