COST REDUCTION // Purchased Services

Unparalleled Cost Savings in Your Purchased Services Spend

VIE Healthcare has been on the frontlines of reducing purchased services spend since 1999.

Purchased services agreements are an important part of hospital cost management. To remain profitable in today’s competitive industry, hospitals must innovate ways to save money on purchased services, year over year.

Every hospital and healthcare system is different, and no single tool or strategy can create cost-savings solutions for all. That’s why we fully customize an approach that allows you to concentrate on your core strength: providing exceptional patient care.

We help hospitals achieve significant margin improvement through the industry’s best price benchmarking, contract analysis, data analytics and development of a thorough cost reduction strategy.

Our unique process:

Achieves dramatic cost savings in high areas of spend.

Centralizes the decision-making and purchasing process.

Consolidates different contracts for the same service.

Identifies your hospital’s current performance on key indicators.

Implements appropriate financial controls to stop leakage of savings.

Prevents over-billing and cost overruns for purchased services.

Achieve guaranteed margin improvement with our automated, patented technology, Invoice ROI™.

Management of purchased services spend is the biggest cost savings opportunity for your hospital.

Find out more about our strategic approach to reducing your purchased services spend.

Learn More

Our thought leadership on this topic includes:

USING HOSPITAL PURCHASED SERVICES AS A LEADING STRATEGY FOR COST REDUCTION IN HEALTHCARE

VIE Healthcare | March 22, 2018 by Lisa Miller

7 MISTAKES YOU’RE MAKING WITH YOUR PURCHASED SERVICES SPEND

VIE Healthcare | May 21, 2019 by Lisa Miller

Purchased Services Executive Report

Research Report | May 15, 2019 by Lisa Miller

How to work with us

VIE Healthcare's simple 3 step process

Step 1

Schedule a Call

On your initial consultation call, we will want to learn about your goals and how VIE Healthcare^® can support you and your team.

Step 2

We Analyze Your Data

The team at VIE Healthcare^® will create a customized solution specifically focused on your hospital's needs and the outcomes you want to achieve.

Step 3

You Achieve Rapid Results

VIE Healthcare^® will dedicate expertise and resources that support you and your team to become a high performing hospital.

Start our 3 Step Process

Schedule your call today

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Schedule your call today.

Schedule a call

Testimonials

We engaged VIE Healthcare to assist us in evaluating and reducing our purchased services spend, a growing segment of our operating expenses. Their patented methodology to compare actual spend to contract spend, using line-item invoice detail, helped us recover hundreds of thousands of dollars related to inaccurate billing. Further, they’ve been responsible for well over a million dollars in savings by partnering with us to evaluate our rates against market rates for services, ultimately leading to re-negotiated terms with our vendors and anticipate I more to come as we continue our work with VIE Healthcare. This all happened within the first 6 months of the engagement. I couldn’t be more pleased with their approach and results.