Videos

To find out more about physician engagement in cost savings PLEASE visit: https://www.thehealthcareleadershipexperience.com/

The video is all about physician engagement in cost savings but also try to cover the following subject:
-Hospital margin management
-Engage Physicians In Cost Savings
-Hosp…

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Here are 3 things I’ve learned from Keith Cunningham:

1. Schedule thinking time:

Pose a question to yourself that's either a challenge or something you want to improve on.

Sit down in a chair with your favorite pen and book.

Dedicate that time to think on that specific topic.

2. Optimization i…

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You can’t solve your cost problems by changing your GPO.

Focus on these 2 ways instead:

1. Negotiate contracts:

It’s important to have direct contracts with the vendors.

Since you already have specializations, buying power, negotiation abilities, and pricing insights, you must directly work wit…

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Internally managing spend analytics can help hospitals reduce costs.

2 reasons why:

1. Focused effort:

Once you have this core competency within the hospital, you can have a staff whose job is 100% focused on identifying opportunities and pushing them out to different departments or people to be…

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We decided to re-do our website.

Here’s why:

We rely a lot on organic search traffic.

We’ve spent much time and effort producing a lot of great content for hospitals and healthcare leaders.

But we found out that our website’s theme was not ideal for Google search.

So for the last 2 weeks, I ha…

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June 4, 2021

How We're Different

At VIE Healthcare Consulting, we’re constantly learning what the vendors are doing.

So we already know what their strategy is.

For example, I got an email this morning from a company that sells to vendors. It mentioned about 5 things they need to do to increase their margins.

And that’s going to…

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VIE Healthcare Review During Covid | Healthcare Management - Healthcare

Humblebrag: We helped this independent community hospital produce almost $2 million in annual savings and recouped over $100,000 over incorrect payments to their billing in a span of ~6 months.

In the midst of massive furloug…

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“Take a hard look at where you are today. And then create a vision for where you want to be.”

This is 1 of the 7 forces of business Tony Robbins shared in his Business Mastery program I attended virtually last week.

For instance, a hospital may want to increase its operating margins by 5%.

Now,…

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Here’s how I got the idea for our patent:

A few years ago, we were working with a client in purchase services.

Part of our process to identify cost savings is to look at the past 12 months’ invoices retrospectively, which would require us to have people typing in invoice details manually.

Our cl…

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Telehealth and hybrid care are incredible advancements in healthcare.

Here are 2 examples from my life:

1. My mom had to have several hospital appointments throughout the pandemic, and we had to go with telehealth whenever possible.

I could easily have these great discussions about what we need …

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Our culture of always wanting to do things better is what separates us from other companies.

Let me give you an example:

In the area of purchase services spend, companies struggle with extracting invoice line item details, analyzing them, and gathering real insights.

Yes, there are dashboards in…

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Up to 40% of hospitals and healthcare providers spend time manually chasing down information.

Despite so many technological advancements, we still use paper to store information and have no means to extract the details digitally.

Using AI and deep learning, we can pull out the data on paper and p…

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At VIE Healthcare Consulting, we’re creating a centralized operation for purchase services.

It’s important because:

- 2 to 3% of purchase services invoices have errors,
- 5 to 10% have off-contract spent,
- The spent it decentralized, and
- Manual reviews are inefficient.

With our service, hospi…

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The healthcare industry truly cares about people.

In the past 3 decades, I’ve witnessed how the healthcare providers are so dedicated to:
- solving complex healthcare problems
- saving lives
- improving the quality of life

But for them to advance their mission, they need great products, innovati…

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April 21, 2021

A Recent Win

A recent win:

A hospital approached us for some help with altering their staffing agreement.

They knew that there was a 1-2% cost-saving opportunity.

But they needed to finish the RFP in 48 hours.

We took the challenge and decided to dig deeper by looking at their invoices for the past 12 month…

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Here are 4 cost-saving opportunities within outsourced physician services:

1. Review subsidy payments:

You need to substantiate them with enough background information.

You must also review them yearly because things may change within a year.

2. Risk assessment:

Is it a shared risk agreement?…

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April 15, 2021

Purchased Services Spend

Here are 5 main opportunities for cost savings within purchased services spend:

1. Reviewing the line item details on your invoices:

You need to go back to the 12-month invoice line item details to understand their pricing.

That way, you'll see details that matter for cost savings, like pricing …

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Here are 3 cost-saving opportunities within physician preference items:

1. Cap the price:

Whether it's in spine or orthopedics, the costs for any component or implant should be established at the same pricing to avoid fluctuations in physician preference items.

Sometimes, certain specialized ite…

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Hospital Budgeting for Finance Executives - Here are 3 main areas of cost challenges for hospitals:

1. Physician preference items:

These are the implants and tools that different physicians prefer or are trained on when doing surgery. It is challenging for hospital budgeting.

Different tools mig…

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At VIE Healthcare, we make it easy for clients to work with us.

While others need:
- 4-5 pages of data
- 4-hour meetings
- rules and requirements...

...we roll up our sleeves and get started with very little data.

We aim to help hospitals achieve their financial goals within 30-45 days, which g…

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Enhancements significantly drive up the cost for hospitals.

It could be a slight improvement to an implant or a physician preference item but costs 25-30% more.

They are such big drivers of the cost that sometimes we even call them “marketing enhancements.”

At @VIE Healthcare, we analyze these e…

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In this episode, Lisa is joined by Jacqueline Oberst, Business Intelligence Officer and Telecommunication & IT expert at VIE Healthcare.
Jacquelin has worked with hospitals for over twenty years to help them effectively reduce their costs and she is the Author of The Total Telecom Management for He…

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In this episode, Lisa is joined by Jacqueline Oberst, Business Intelligence Officer and Telecommunication & IT expert at VIE Healthcare.
Jacquelin has worked with hospitals for over twenty years to help them effectively reduce their costs and she is the Author of The Total Telecom Management for He…

View more

In this episode, Lisa is joined by Jacqueline Oberst, Business Intelligence Officer and Telecommunication & IT expert at VIE Healthcare.
Jacquelin has worked with hospitals for over twenty years to help them effectively reduce their costs and she is the Author of The Total Telecom Management for He…

View more