Cost Reduction Results
- $210,000 in annual savings from VIE Healthcare identifying and fully implementing expense reduction services in the telecommunication department. This included $70,000 in credits and refund checks from errors and overpayments from vendors.
- $180,000 in annual savings were identified and implemented through telecommunications vendor consolidation. Eighty-six monthly bills were reduced to one monthly bill.
- $103,000 in energy efficiency savings.
- $310,000 Group Purchasing Audit. Verification of GPO pricing and refunds for GPO discounts not received.
- 20% reduction in waste disposal costs
- $65,000 in office supply reductions
- $165,000 in linen cost reduction
- Pharmacy Audit - $464,000 in savings
- Medical & Surgical Equipment Repairs - $284,000 savings annually
- Cardiac Cat Lab Analysis – overall annual savings in department = $380,000
Expense Management
Spend Analysis
