Optimize Your Hospital's IT Budget with VIE Healthcare’s H-IT INSIGHT Expense Reduction Services

Wall Township, NJ, September 14, 2016 --(PR.com)-- Results from a 2016 Medical Group Management Association survey reveal that IT costs for healthcare organizations nationwide have increased by more than 40% per physician over the last eight years. According to another survey from IDC Health Insights, 40% of acute-care hospitals with over 200 beds increased their IT budgets in 2016. Hospital IT departments are at the mercy of the “pricing schemes” that vendors put together to enhance their profitability. How can you keep up when vendors introduce new pricing, licensing models, maintenance options and audit clauses every day, and contracts and proposals grow more complex every year? VIE’s answer is day-to-day market visibility.

VIE Healthcare offers IT-specific pricing and terms benchmarking data and contract visibility for hospitals. VIE’s analysts review thousands of hardware, software, services, and telecom contracts and proposals each year to find hard-dollar savings in 100% of the contracts reviewed. VIE secures refunds of all identified overpayments and incorrect billing, in some cases exceeding $200,000.

Although healthcare IT is so crucial and expensive, its complexity limits hospital administrators from tackling rising costs on their own. “IT is incredibly diversified, including hardware, software, wireless communications, telecommunications, Direct Inward Dialing, Primary Rate Interfaces, and more. A single vendor is involved in many aspects of IT, and these facility-vendor relationships are often long-standing. Administrators lack the bandwidth and time to scrutinize monthly invoices and track changes. VIE examines the current state of a complicated vendor relationship, identifies opportunities for savings, overcharges, extraneous fees, and errors in compliance, works with the client and vendor to fix these issues, then provides the hospital with the tools to sustain these improvements moving forward,” says Lynn Hansen, BSN, MBA, Chief Clinical Officer at VIE Healthcare.

Is it time to revisit your IT agreements? Questions to consider:
· How do you know if your vendor proposal is priced competitively? What hidden costs does it contain?
· What opportunities can improve your business terms? Which clauses in your contract add risk?
· What’s the best way to negotiate a better deal? Which strategies achieve real cost savings?
· How do you obtain pricing visibility and insights into the competitive landscape?
· What steps are you taking to validate and insure you have the best pricing on your current IT agreements?

VIE Healthcare’s mission is to protect hospital executives from overspending in IT categories so their budgets go further and can be utilized for the ever-changing healthcare environment. Call (732)-359-7646 extension 500 to learn more about VIE’s performance-based solutions. Visit www.viehealthcare.com/solutions/hospital-it-expense-reduction for more information.