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| Name | Hospital Budgeting: 3 Main Areas of Cost Challenges |
| Video Uploader | Video From VIE Healthcare Consulting |
| Upload Date | This Video Uploaded At 16-04-2021 09:05:00 |
| Video Discription | 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 might bring the same benefit but have very different costs to the hospital. 2. Purchase services: These are very diverse and sit throughout the hospital, e.g., laboratory services, dietary services, etc. They’re about 50% of a hospital's non-labor costs. 3. Outsourced physician service agreements: They include outsourced ER services, outsourced anesthesia services, etc. These agreements are very complex and can significantly drive up costs. We analyze these 3 complex areas and map them to other data to find cost-saving opportunities for hospitals. P.S. In the coming videos, I’ll talk in detail about where you can find opportunities in these areas. Subscribe Here: https://www.youtube.com/channel/UCB1WOnv5GlYGf39sMzrU6gw?sub_confirmation=1 Recommended Playlists: Data Analytics - https://www.youtube.com/watch?v=9vAZJtC8gWs&list=PLgrQkbpxRHsxRjr6sU-2wlx0CpNyqaCU- Hospital Supply Chain - https://www.youtube.com/watch?v=gqbYXSXtPd8&list=PLgrQkbpxRHsw8QbmxIbg8DaRGf69zTzC9 Audiograms - https://www.youtube.com/watch?v=wZTZVcYh7xc&list=PLgrQkbpxRHswFXiOrxoVDoG0djWGGkbEw Invoice ROI™ - https://www.youtube.com/watch?v=8ln1GQRqmoY&list=PLgrQkbpxRHsz0Qmnpmii6GXm0Shpu7iT3 The Healthcare Leadership Experience Podcast - https://www.youtube.com/watch?v=gI2eJQgqAYs&list=PLgrQkbpxRHsyWomPfDD-k1rSgSJWGImA1 Latest Uploads - https://www.youtube.com/watch?v=JZsaS-Uc4go&list=UUB1WOnv5GlYGf39sMzrU6gw&index=2 #healthcaremanagement #healthcarefinance #linkedin #cost #analysis |
| Category | Science & Technology |
| Tags | Here Are 3 Main Areas of Cost Challenges for Hospitals | Hospital Budgeting | challenges | cost analysis | healthcare | healthcare management | healthcare supply chain | hospital | hospital management | hospital supply chain | linkedin | spending |
