Category: VIE Healthcare Blogs
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Are You Neglecting the Operating Room?
When it comes to getting a clear picture of your costs, are you neglecting the operating room? The OR accounts for up to 70% of a hospital’s revenue, between 55% and 65% of its margin, and 50% of a hospital’s costs. It goes without saying that it’s vital...
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Should You Use Outside Consultants?
Should you use outside consultants, or use your own internal team and resources for your projects? It’s a common question, and it’s often a conversation point for the many different hospitals we speak with. Here are a few things you want to consider: 1. They...
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Are You Optimizing Generic Drugs?
There may be a big opportunity here for you in the name of optimizing generic drugs. In fact, even moving the needle just a little bit could create dramatic results for you. Let’s start by sharing an important statistic. In the United States, 92% of all prescriptions...
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Five Quick Cost Reduction Areas
Our firm has been responsible for hundreds of strategies, solutions and ideas for expense reduction. Let’s take a look at five which can be actioned right away, or at least reviewed or looked into. The first is unclaimed funds. You can go on your state’s website...
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Are You Working With the Right Firm?
Would it surprise you to know that most consulting firms offering purchased services expense reduction have only been providing this offering within the past few years? If you’re considering bringing on a consulting firm to help you with your purchased services...
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Unique Cost Reduction Areas
You don’t have to rely on the traditional and often-used methods to reduce costs in your hospital’s purchased services. There are a few non-traditional areas that you may want to explore and could prove to be extremely beneficial for your savings. The first is organic...
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