5 Proven Areas For Cost Savings | E. 44

There are significant cost savings hiding in hospital med surge reports. Discover five proven areas for cost savings.

Episode Introduction

There are significant cost savings hiding in hospital med surge reports. VIE regularly sees a 4-6% error rate in the contract reports.

As Lisa observes ''I can almost guarantee that if you look at these five areas of spend in your organization in the second quarter 2022 you can pull out multi-million dollar cost savings this year for your hospital.''

This episode is sponsored by VIE Healthcare Consulting® which has proudly helped hospitals save $772 million since 1999.

 

Show Topics

• The five proven areas for cost savings: subscription services, professional services fees, equipment repair services, med surge distribution reports, physician services.  

 

• Following the example of Truebill: finding cost savings in subscription services, beginning with hospital GPO agreements.  

 

• The unused hours for professional services fees included in vendor contracts and paid for by hospitals.  

 

• Equipment services costs agreements must be reviewed at least annually.  

 

• VIE regularly identifies a 4-6% error rate in hospital med surge contract reports.  

 

• The complex nature of outsourced physician services and Joint Venture (JV) agreements. 

 

The radio show is sponsored by VIE Healthcare Consulting; https://viehealthcare.com

 

Show Links

📧 lmiller@viehealthcare.com 

🖥 https://viehealthcare.com 

📱https://www.linkedin.com/in/lisamiller/ 

 

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