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Last updated on April 19, 2014 at 13:20 EDT

New VHA Inc. Comprehensive Cost and Margin Improvement Solution Helps Hospitals Achieve Significant Cost Savings

October 15, 2013

Expert consulting combined with data analytics resources address overall operational and financial performance.

Irving, TX (PRWEB) October 15, 2013

VHA Inc., the national health care network, announced a new, wide-reaching Comprehensive Cost and Margin Improvement solution to help hospitals and health systems across the U.S. address rising costs across the enterprise, including labor resources.

Labor, supplies and services account for nearly 90 percent of most hospital budgets, with approximately 60 percent allocated to labor. Through VHA’s Comprehensive Cost and Margin Improvement solution, labor costs are reduced through a combination of improved productivity and maximized value for employee compensation and benefits. Additionally, VHA works side-by-side with hospitals to reduce supply and service costs and improve operational performance – effectively addressing 90 percent of the hospital’s total costs.

VHA’s consultants guide hospital executives to reduce variation organization-wide and drive the operational and cultural changes needed to achieve and sustain financial improvement. Using integrated clinical and supply data, VHA’s consultants engage physicians to identify and implement physician preference item cost and utilization improvements while maintaining or improving clinical quality. Through the continuous transfer of knowledge powered by VHA’s embedded analytics and advisory support, hospitals and health care systems achieve quick time to value and sustain cost and operational improvements over time.    

“One of the great challenges hospitals face when trying to achieve meaningful improvements in a value-based environment is changing behavior patterns,” said David Markoski, VHA’s senior vice president of Performance Services. “Through the integration of supply cost improvement, labor optimization, operational improvements and behavioral change initiatives across the organization, VHA can help hospitals achieve and sustain total cost of care and operational improvements for the long term.”

VHA’s team of consultants uses its clinical, operational and financial expertise and evidence-based, proprietary methodologies to guide hospitals through the foundational changes needed to improve their cost and operating models. Working with VHA, some of the industry’s leading hospitals across the country have achieved significant cost and operational improvements including Memorial Hermann Health System, Vidant Health, Scottsdale Healthcare and BJC Healthcare.

About VHA:            

VHA Inc., based in Irving, Texas, is a national network of not-for-profit health care organizations that work together to drive maximum savings in the supply chain arena, set new levels of clinical performance, and identify and implement best practices to improve operational efficiency and clinical outcomes. Since 1977, VHA has leveraged its expertise in analytics, contracting, consulting and networks to help members achieve their operational, clinical and financial objectives. In 2012, VHA delivered record savings and value of $1.9 billion to members. VHA serves more than 1,350 hospitals and more than 72,000 non-acute care providers nationwide, coordinating delivery of its programs and services through its 13 regional offices. VHA has been ranked as one of the best places to work in health care by Modern Healthcare since the publication introduced this list in 2008.

For the original version on PRWeb visit: http://www.prweb.com/releases/2013/10/prweb11230944.htm


Source: prweb