Examples
Let Our Results Speak For Us
$1,264,000 in savings from review of an existing laboratory contract that was ready to be renewed. A national benchmark study was performed and it was identified that the contract was 20% higher than other similar agreements.
Within 30 days, a $33,000 refund check was issued to a organization from a New Jersey Hospital after VIE Healthcare identified a billing error during the expense analysis process. An additional error was caught a week later, generating an additional $27,000 refund check.
Annual savings, within 45 days, are over $250,000.
34% expense reduction in telecommunications costs, 22% expense reduction in materials management and central supply costs, and over 40% expense reduction in medical equipment repairs and maintenance contracts for a healthcare facility. A $72,000 refund check was also negotiated after VIE Healthcare identified a contract error that had been overlooked for 2 years. Annual savings is $84,000 for this 1 service item.
Over $500,000 in annual savings and $85,000 in credits and refunds in 1 department within 3 months of VIE Healthcare performing a detailed expense analysis of a 2-hospital health system.
To date overall annual savings are over $1.2 million.
Expense Management
Spend Analysis
