This research report was compiled by Lisa Miller. Increase Hospital Profit Margin EXECUTIVE SUMMARY The relentless rise of non-labor hospital costs is expected to continue. For many healthcare executives, cost control has overtaken revenue growth as their strategic priority with a growing focus on issues related to healthcare profit margin management and improvement.¹ Drawing on
Systematic Analysis and Management of a Health System’s Telecommunication Services In recent blogs, I have addressed the potential cost reductions associated with analyzing your health system’s existing telecommunication vendor services. The final step in this process is Telecommunication Expense Management (TEM) to deliver sustainable telecommunication costs in healthcare. Analyzing your current services can realize significant
This article was written by Jim Cagliostro. Patient Experience Transformation Transforming the patient experience should be a priority for every health system. In this article, I explain why it’s important and how to do it. Why the patient experience matters Providing outstanding customer service is a priority in many industry sectors. Have you ever visited a
Supply Chain During Acquisitions and Closures This article was written by Bryan Covert. VIE Healthcare Consulting has worked with health systems to maximize the supply chain during acquisitions and closures since 1999. During that time, we have seen firsthand the dramatic changes in the US healthcare provider landscape, which continue today at a rapid pace. Mergers
This video was brought to you by Lisa Miller and Bryan Covert. Orthopedic Spine Implant Cost Savings When it comes to capitated spine programs, what we like to develop at VIE Healthcare is a fixed-component program. This model has several advantages, mainly that it’s going to scale as you do larger procedures so there’s no
What is Non-Clinical Burnout This article was written by Rich Dormer. As I was reading the featured Healthcare Executive article (Jan/Feb 2019 edition) by Maggie Van Dyke on ‘Battling Clinician Burnout’ it occurred to me that the points she made should be extended to battling non-clinical burnout throughout healthcare organizations. I recognize that the focus
The Use of Radio Frequency Identification This article was written by Lisa Miller. Numerous benefits exist in the use of Radio Frequency Identification (RFID) technology in the hospital. These include the ability to provide real-time traceability of medical equipment, the location of your staff and even your patients. Recent improvements in RFID have also led
This article was written by Lisa Miller. Ambulatory Surgery Center Steps To Maximize Profits As Ambulatory Surgery Centers (ASCs) are predicted to become one of the fastest growth areas of the next decade in US healthcare, we outline six steps to maximize profits in your hospital’s ASC. The rapid growth of ASCs Ambulatory Surgery Center
6 Key Questions for Software License Optimization Navigating high volumes of software license renewals can be overwhelming for busy healthcare organizations without management strategies for cost reduction in place. It would not be unreasonable to assume that responsibility for all renewals and maintenance agreements should lie with the IT professionals. Unfortunately, an increasing amount of
The Top Priority of Healthcare Systems’ Agendas This article was written by Jim Cagliostro. The challenge of patient engagement in healthcare has been prioritized at the top of some healthcare systems’ agendas, while seemingly going unnoticed in others. The problem lies in communication. We live in an age where countless forms of communication are available at
The Relentless Rise of Non-Labor Hospital Costs This article was written by Lisa Miller. The relentless rise of non-labor hospital costs is expected to continue throughout 2019. For many healthcare executives, cost control has overtaken revenue growth as their strategic priority with a growing focus on strategies to add hospital profit margin.[1] In our experience
Achieve Meaningful Costs Savings This article was written by Bryan Covert. The first step to achieve meaningful costs savings is to identify the initial opportunity, often helped by understanding data sources in healthcare. All healthcare organizations work with an overwhelming number of purchased services vendors, each one with their own unique nuances and contracting history. Identifying
